The after-tax profit margin for Ghana Commercial Bank (GCB) has reached 229 million Ghana cedis for 2013.
This represents a 60 percent jump from the 142 percent recorded for 2012.
GCB also witnessed some strong growth in most areas of its operations as interest income reached 552 million Ghana cedis in 2013 compared to the 376 million Ghana cedis in 2012.
Deposits from customers increased from 2.3 billion Ghana cedis to 2.6 billion Ghana cedis.
GCB's total assets now stands at 3.4 billion Ghana cedis for 2013.
According to the financial statement released so far by the listed bank, GCB might be the most profitable bank in the country with the 229 million Ghana cedis profit after tax beating, Standard Chartered Bank profits of 208 million Ghana cedis, ECOBANK's profit after tax of 190 million Ghana and Barclays Bank Ghana limited's profit of 143 million Ghana cedis.
Latest Stories
-
Togbe Adzie Lãkle Howusu XII endorses youth leadership as New Force Movement gains momentum
18 mins -
Public Utility Workers Union appeals to PURC to address power crisis
39 mins -
Anbariya loses another appeal in Kumasi as Appeal Court ratifies High Court ruling against the Islamic Institute
59 mins -
Highway construction health hazard: Ofankor-Pokuase-Nsawam residents appeal for dust relief
1 hour -
SuperJazzClub releases its first single of the year ‘Off’
1 hour -
Methodist Church to lobby Akufo-Addo for expedited assent to anti-LGBTQI+ Bill
1 hour -
Spare health facilities from unplanned ‘dumsor’ – Minority to government
1 hour -
Eritrea Observed World Tuberculosis (TB) Day 2024
2 hours -
Just give us ‘dumsor’ timetable to plan our operations – GMA tells ECG
2 hours -
Parliament petitions Chief Justice for an expedited hearing of cases against anti-LGBTQI+ Bill
2 hours -
The Attorney General vs NDC impasse – why they ‘fight’
3 hours -
High Court orders teacher unions to end strike
3 hours -
‘He worked with all staff irrespective of their status’ – GRA hails Dr Ammishaddai
3 hours -
Zack Orji underwent two brain surgeries; he is fine – Actors Guild of Nigeria President
3 hours -
Another accident leaves 5 police officers injured in Nsawam
3 hours