GCB records ¢323 million profit in 2018

GCB records ¢323 million profit in 2018

GCB Bank Limited posted a significantly improved bottom line with a net profit of ¢323.13 million for the year ended 2018.

This translates into growth of ¢110.42 million over the ¢212.72 million recorded in the 2017 financial year.

Top line growth was appreciable despite instability in the banking industry with 2018 recording ¢1,260 million as total income compared to ¢1,113 million recorded in 2017.

GCB records ¢323 million profit in 2018

GCB head office in Accra. Source: gcbbank.com.gh
Source: UGC

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The Bank further took the lead in mobilizing ¢1,379 million to end the year with ¢8,335 million in deposits.

GCB also chronicled total assets of ¢10,635 million making it the Bank with the largest asset base in Ghana.

See extract below:

GCB records ¢323 million profit in 2018

GCB profit extract. Source: gcbbank.com.gh
Source: UGC

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Source: Yen.com.gh

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