CAL Bank mulls bank acquisition to boost growth


CAL Bank has indicated it is working to acquire another bank very soon as a growth strategy.

According the bank, the move has been influenced by plans to be among the top banks in the country.

Speaking to Joy Business after the Annual General Meeting of the bank, Managing Director, Frank Adu, said the bank is also looking at going heavy on deploying electronic channels to improve efficency.

CAL Bank profits, during the year under review, went up by 53 percent to hit 143 million Ghana cedis.

As a result of this the bank has declared a dividend  of 81 pesewas for every share held.


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