CAL Bank has assured its shareholders a good financial outturn at the bank’s Annual General Meeting (AGM) held in Accra.
Speaking at the meeting, the Managing Director of the bank, Mr. Frank Adu Jnr, stated that in 2015, the bank delivered a strong financial performance in 2015 despite intense competition and challenging operating environment.
The bank announced a profit after tax of GHS160.0 million and GHS166.2 million by the bank and the group respectively.
The figures represented an increase of 14.0 percent and 16.0 percent by the bank and the group respectively over the prior year’s performance.
This contributed in the bank’s total assets of 23.8 percent to close at GHS3.35 billion while the Group was at 24.0 percent to close at GHS3.36 billion.
The board recommended a dividend per share of GHS0.097, which amounted to a total payout of GHS13.18 million, representing a growth of 19.7 percent over 2014 which was at 33 percent.
The shareholders voted to reelect all the current director to serve another term on the board.
By: Lawrence Segbefia /citibusinessnews.com /Ghana