https://www.myjoyonline.com/gcb-predicts-higher-profit-margins/-------https://www.myjoyonline.com/gcb-predicts-higher-profit-margins/
Banking

GCB predicts higher profit margins

The Managing Director of Ghana Commercial Bank (GCB), Simon Dornoo is confident that the bank will end the year with bigger profit margins. GCB is the only Ghanaian bank to have made it into the first 100 in the Africa report which ranks the performance of banks on the continent. GCB has also made serious strides in Ghana’s banking industry hoping to improve upon last year’s profits which were up by nearly 200 percent. Already the third quarter results from most of the banks are showing profitability. The managing director of GCB, Simon Dornoo in an interview with Citi Business News said with the following financial results coming through so far, the bank is likely to post good result this year as well. “The statistics show that the economy is growing at about 13 percent and if the indications are right, obviously it is an opportunity for banks in Ghana and we want to be part of it by repositioning ourselves for that. ” “It is pretty obvious that we have the biggest balance sheet and that is the strength we need to leverage and we are only doing this to make banking easier for our customers." he added Ghana Commercial Bank Ltd is now the largest indigenous Bank with 131 branches nation-wide.

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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.