Tag: CAL Bank
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CAL Bank’s 2016 profits dip over high NPLs
CAL bank’s total profits for 2016 dropped by as much as 95 percent compared to the profits recorded in 2015. The bank’s profit dropped to 7.2 million cedis in 2016 from the over 160 million cedis recorded in the previous year. At CAL Bank’s 2016 AGM, the Board explained that the significant drop in profits…
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15 year energy bond timely for banks’ rising NPLs – CAL Bank MD
Banks are optimistic of significant improvement in their non-performing loan portfolios as government initiates moves to clear all outstanding debts owed them. The assurance comes on the back of government’s plan to raise bonds to clear the debts owed in the energy sector. The Vice President, Dr. Bawumia at a meeting in Washington last week…
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Analysts predict buoyant performance on Ghana Stock Exchange
Stock market analysts are confident trading activities will bounce back in the second quarter following a pickup in trading activities on the local bourse. The 2017 first quarter performance indicate that the stock market gained about 10 percent growth compared to the negative 4.26 percent recorded in the same period last year. While investors of…
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UG, CAL Bank court case set for December 13th
A commercial court in Accra is expected to hear a case involving CAL Bank and the University of Ghana, on 13th December 2016, over the latter’s failure to pay for a 43 million cedis loan facility it contracted in 2007. The University is also reported as breaching a payment plan agreed on with by CAL…
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Cal Bank CEO engages up-and-coming entrepreneurs
Frank Adu, CEO of Cal Bank, one of the most innovative banks in Ghana, addressed the community of entrepreneurs at ServLed last Friday. The highly engaging and affable CEO, who has a passion for youth and entrepreneurial development, thrilled the audience with his candor on key lessons learned throughout his career as an executive and…