GCB Posts Ghc 323m Profit

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

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

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

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

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

Source: dailyguidenetwork