Cal Bank is contemplating venturing into the downstream petroleum sub-sector.
Officials however say the bank would not neglect its core business in the process.
The bank disclosed this when it took its turn at the Ghana Stock Exchange’s Facts Behind the Figures sessions.
It says its first quarter performance has been impressive as compared to last year with the overall profit after tax of the company growing by 58% from 1.9 million Ghana cedis to GHC3 million.
This has been attributed to a growth in asset base and effective cost management.
General Manager in charge of Finance and Administration tells Joy Business this puts the bank in good stead to venture into the downstream oil business.
Source: Joy Business/Myjoyonline.com/Ghana
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