Business News of Thursday, 4 April 2019
Source: GCB
2019-04-04
GCB also chronicled total assets of GH¢10,635 million
GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13 million for the year ended 2018.
This translates into growth of GH¢110.42 million over the GH¢212.72 million recorded in the 2017 financial year.
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 mobilizing GH¢1,379 million to end the year with GH¢ 8,335 million in deposits.
GCB also chronicled total assets of GH¢10,635 million making it the Bank with the largest asset base in Ghana.
