Tag: Financial performance
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ADB Bank’s profit jumps by almost 25% in 2021 to hit GH¢ 81.6 million
The Agricultural Development Bank, ADB Bank has continued its trend of profitability in the year 2021, after seeing its profit before tax rose by almost 30% to hit GH¢126 million at the end of last year. Strong growth in the banks’ net interest income and net fees and commission income among others, contributed to its…
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Access Bank’s profits before tax hits half a billion Cedis in 2021; profit after tax increases by 33.5%
Leading local Bank Access Bank Ghana PLC has seen a significant jump in its profits for the year 2021. The bank which recorded a profit before income tax of almost GHC 360 million in 2020, saw that metric jump up to a little over GHC 500 million in 2021, representing a growth of about 41%…
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Bank of Ghana records GH¢793 million loss in 2018
The Bank of Ghana (BoG) last year recorded a loss of GHS793 million resulting from its operations, the bank’s 2018 Annual Report, has shown. The figure represents a more than 50 percent drop from the GHS1.6 billion the bank made in 2017 when the troubles from the banking sector were at their peak. The central…
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GCB Bank pays GH¢16.9m dividend to government
GCB Bank last Wednesday presented a cheque for GH¢16.9 million to the Finance Minister, Ken Ofori-Atta, being dividend payment for the 2018 financial year. The bank’s presentation follows a strong financial performance in the year under review where it declared more than GH¢300 million net profit. Speaking at a short ceremony to present the cheque,…