Business

GCB records GHc323 million profit

Ghana Commercial Bank (GCB) Limited, last year, recorded a net profit of GHc323.13 million, thus posting a significantly improved bottom line.

This translates into growth of GHc110.42 million over the GHc212.72 million recorded in the 2017 financial year.

A statement issued by the Corporate Affairs Department of the Bank, and copied to the media, said the top line growth was appreciable despite instability in the banking industry; with 2018 recording GHc1.260 billion as total income, compared to GHc1.113 billion recorded in 2017.

The Bank further took the lead in mobilising GHc 1.379 billion to end the year with GHc8.335 billion in deposits, it said.

GCB also chronicled total assets of GHc10.635 billion making it the Bank with the largest asset base in Ghana.

source:ghanaweb.com

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