Audio By Carbonatix
Ghana Commercial bank’s profits for last year recorded a dip.
It went down by 65 percent to 16 million Ghana cedis, from 48 million Ghana cedis.
The bank’s revenue from its interest earning business also went down, whiles expenses shot up by 30 percent.
It however made some huge gains on loans it expects to go bad, which went down from 71 to 11 million Ghana cedis.
Meanwhile, Ghana Commercial Bank’s profits for the first three months of this year shot up by 18 percent to 23 million Ghana cedis.
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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.
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