GCB Bank has announced that it will release its financial statement for 2017, by the end of May 2018.
The bank says it will at the same time release the first quarter financial performance results for 2018.
GCB Bank has been unable to comply with the Bank of Ghana’s directive asking all commercial banks to publish their financial statements for a particular year by the end of March the following year.
This means that last year’s financial results are supposed to have been released by March this year.
However GCB Bank in a statement explained that it is auditing and consolidating its own financial statements as well as that of defunct UT and Capital banks which the bank assumed in August last year.
GCB Bank is also assuring its stakeholders that the results will be released at the designated time.
By: Pius Amihere Eduku/citibusinessnews.com/Ghana