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Capital Markets

GCB records GH¢323million profit

By : CD on 05 Apr 2019, 08:28     |     Source: Ghana News Agency

GCB Bank Limited, last year, recorded a net profit of GH¢323.13 million, thus posting a significantly improved bottom line.

This translates into growth of GH¢ 110.42 million over the GH¢212.72 million recorded in the 2017 financial year.

A statement issued by the Corporate Affairs Department of the Bank in Accra on Thursday, said the top line growth was appreciable despite instability in the banking industry; with 2018 recording GH¢1,260 million as total income, compared to GH¢1,113 million recorded in 2017.

The Bank further took the lead in mobilising GH¢ 1,379 million to end the year with GH¢ 8,335 million in deposits, it said.

GCB also chronicled total assets of GH¢10,635 million making it the Bank with the largest asset base in Ghana.