Profits of Standard Chartered Bank for last year hit 208 million Ghana cedis from 136 million Ghana cedis from last year. 

This is the bank's highest profits, since it began operations in the country.

The bank's interest income also shot up to 375 million Ghana cedis from 222 million Ghana cedis, while loan advances saw a huge leap to 1.13 billion Ghana cedis.

However total deposits did not witness that huge leap in growth, as it went up marginally to 1.7 billion Ghana cedis, while impartment loss increased from 6.7 million Ghana cedis to 17.4 million cedis. 

Standard Chartered Bank's total asserts now stands at 2.9 billion Ghana.

The development should come as good news for shareholders as the bank currently pays all its profits out after the necessary statutory deductions.

StanChart last year paid out 54 million Ghana cedis as total dividend payout, resulting in 47 pesewas for every share held. 

Analyst would be looking for to see whether the Bank would once again standout as the most profitable bank in the country after all the commercial banks have released their results.

Financial consultant, Chris Odamteng believes that StanChart might maintain its position as the most profitable financial institution.