GCB hits 229 million Ghana cedis profit for 2013

The after-tax profit margin for Ghana Commercial Bank (GCB) has reached 229 million Ghana cedis for 2013.

This represents a 60 percent jump from the 142 percent recorded for 2012.

GCB also witnessed some strong growth in most areas of its operations as interest income reached 552 million Ghana cedis in 2013 compared to the 376 million Ghana cedis in 2012.

Deposits from customers increased from 2.3 billion Ghana cedis to 2.6 billion Ghana cedis.

GCB’s total assets now stands at 3.4 billion Ghana cedis for 2013.

According to the financial statement released so far by the listed bank, GCB might be the most profitable bank in the country with the 229 million Ghana cedis profit after tax beating, Standard Chartered Bank profits of 208 million Ghana cedis, ECOBANK’s profit after tax of 190 million Ghana and Barclays Bank Ghana limited’s profit of 143 million Ghana cedis.

-joynews

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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