The Board of Ghana Commercial Bank, the country’s largest bank is expected to outline to its shareholders what is being done to sustain the good results posted from last year.
Profits shot up by nearly 200 percent, impressive by all standards.
Management of the loan portfolio is one other issue that needs to be addressed by the board following an agreement with government to clear the remainder of the debt owed by the Tema Oil Refinery.
The bank’s stock is already responding to the impressive performance and the Managing Director Simon Dornoo is hopeful shareholders will be excited by the performance.
“We interacted well with the investor community last year, we answered their questions, took their concerns and I think they can see that we are working on their concerns,” he said.
GCB is the first of the 35 listed companies to engage its shareholders today, in what is called or often christened the season of AGMs.
Source: Joy Business/Ghana
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