GCB posts Ghc 323m profit

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.

BY DGN Online

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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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