GCB records GH¢323m profit

GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13million for the year ended 2018.

This translates into growth of GH¢110.42million over the GH¢212.72million recorded in the 2017 financial year.

Top line growth was appreciable despite instability in the banking industry, with 2018 recording GH¢1,260million as total income compared to GH¢1,113million recorded in 2017.

The bank further took the lead in mobilising GH¢1,379million to end the year with GH¢8,335million in deposits.

GCB also chronicled total assets of GH¢10,635million – making it the bank with the largest asset base in Ghana.

 

FIN

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