Audio By Carbonatix
GCB will in the next few months extend its operations to three other West African countries. This is part of plans by management to grow its markets.
The bank which recently rebranded from Ghana Commercial Bank to GCB says it will leverage on this new brand to conquer other markets.
Speaking with JoyBusiness after a dinner and awards night to celebrate their 60th Anniversary, Chairman of the bank, Dr Fritz Gockel said they are poised to become one of the top ten banks in Africa in the next few years.
“We want to leverage on the highest profits we declare and ensure that we deepen the intermediation process and reach out to the enterprises in the private sector to create employment. Beyond this, we also want to ensure that we move outside Ghana just as other banks have been moving into Ghana. Its our duty as the first leading Ghanaian bank to move outside and project the image of the country internationally. But for strategic reasons, I wouldn’t mention the specific countries” he said.
Dr Gockel added the bank is determined to recapture its position as the leader of the provider of financial services.
"From 2009, we had to borrow over 100 million Ghana cedis every now and then to ensure that we meet the capital adequacy ratio and other compliance issues by the regulator. But since then we’ve been able to turn the situation around and now in surplus lending to other banks” he added.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
1 hour -
(Photos) Mfantsipim School launches historic 150th anniversary
2 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
3 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
3 hours -
Monetise Idiocy In Ghana
3 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
4 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
4 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
4 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
4 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
5 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
5 hours -
Kwaku Azar writes: A-G vs OSP
5 hours -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
5 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
6 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
6 hours