The Board Chairman of GCB Bank, Jude Kofi Arthur has stated that the bank will focus on expanding is operations through technology.
According to him, even though GCB bank can boost of the largest number of branches in the country, it will however leverage on technology to further entrench its position as the leading bank in Ghana.
“How many people go to their bank branches these days? You go to ATMs, you do e-banking. These are some the things we want to focus on to make sure we can retain a larger share of the money movement within the whole economy,” Mr. Arthur told Citi Business News after the bank organized its Annual General Meeting(AGM).
He explained that by digitizing its operations, the bank will enhance efficiency and make it convenient for its customers to interact with the bank any day.
Mr. Arthur noted that the bank’s focus will be geared towards exploiting opportunities within a strategic framework as well as those that fall within risk-return construct and enhances shareholder value.
He pointed out that mobile wallet which is in the offing will also drive the company’s digital agenda closer to its goal
Financial performance at AGM
The Board of Directors of the bank approved 30 pesewas dividend per share to shareholders for 2018.
This amounted to 79.5 million cedis, representing 200 percent increase.
The bank’s profit also increased by 39.28 percent in the same year. Here are details of how the bank performed in the following report.
The figure shows that GCB bank’s profit in 2018 was 326.7 million cedis compared to the 234.5 million recorded in 2017.
On his part, the Managing Director of the Bank, Anslem Ransford Adjetey Sowah explained that GCB Bank’s 2018 profitability shows that the board and management are pursuing activities in the right direction.