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
-
Firefighters contain raging fire at Labadi Wireless
6 minutes -
Photos: Police engage religious leaders at National Police Headquarters
17 minutes -
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
56 minutes -
ECG announces power outages in parts of Accra West and Central regions
1 hour -
Otumfuo calls for urgent action to end maternal deaths in Ghana
1 hour -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates Â
1 hour -
Jason Arday death ‘tragedy on so many levels’ says PM
2 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
2 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
3 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
3 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
3 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
4 hours -
The rise and rise of Azigi
4 hours