HFC bank has held its Annual General Meeting in Accra to present the banks performance to its shareholders.
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The bank’s profit for 2015 was heavily squashed following an increase in its loan portfolio.
The bank which was acquired by Republic bank of Trinidad and Tobago through a mandatory takeover in 2015 saw its profits drop by over 140 percent in 2015 as compared to 2014.
According to figures released by the bank its profit after tax dropped by 163 percent in 2015, hitting 36 million three hundred and thirty five thousand cedis from the fifty seven million eight hundred and ninety five thousand cedis recorded in 2014.
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By: Vivian Kai Lokko/citibusinessnews.com/Ghana
