Audio By Carbonatix
The Board of Ghana Commercial Bank, the country’s largest bank is expected to outline to its shareholders what is being done to sustain the good results posted from last year.
Profits shot up by nearly 200 percent, impressive by all standards.
Management of the loan portfolio is one other issue that needs to be addressed by the board following an agreement with government to clear the remainder of the debt owed by the Tema Oil Refinery.
The bank’s stock is already responding to the impressive performance and the Managing Director Simon Dornoo is hopeful shareholders will be excited by the performance.
“We interacted well with the investor community last year, we answered their questions, took their concerns and I think they can see that we are working on their concerns,” he said.
GCB is the first of the 35 listed companies to engage its shareholders today, in what is called or often christened the season of AGMs.
Source: Joy Business/Ghana
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
-
Driver’s mate jailed for stealing cash and mobile phone
2 minutes -
Legal Green Association commends government and Edmond Kombat for TOR revival
2 hours -
Trump hopes to reach phase two of Gaza ceasefire ‘very quickly’
2 hours -
Bangladesh’s first female prime minister Khaleda Zia dies aged 80
2 hours -
We’ll prosecute persons who do not surrender illegal arms before Jan 15 – Dr Bonaa
2 hours -
Col. Festus Aboagye warns against ‘outsourcing’ African security following US airstrikes in Nigeria
2 hours -
SEC assures investor protection as Virtual Asset Bill comes into force
3 hours -
El Kaabi brace powers Morocco to win; Bafana brave fightback; Egypt top group and Mali reach knockout stage
3 hours -
Ukraine denies drone attack on Putin’s residence
3 hours -
Cedi records year-end rally as diaspora inflows and trade surplus break volatility cycle
4 hours -
31st Night doom prophecies: Be cautious and measured – NPC to prophets
4 hours -
Nigeria set the pace as Mahrez leads the way after two AFCON 2025 group rounds
5 hours -
Ga West Municipal Assembly shuts down China Mall after building collapse
6 hours -
Beyoncé declared a billionaire by Forbes
6 hours -
Techiman hosts historic launch of GJA Bono East Chapter
6 hours
