The Managing Director of Ghana Commercial Bank (GCB), Simon Dornoo is confident that the bank will end the year with bigger profit margins.
GCB is the only Ghanaian bank to have made it into the first 100 in the Africa report which ranks the performance of banks on the continent.
GCB has also made serious strides in Ghana’s banking industry hoping to improve upon last year’s profits which were up by nearly 200 percent.
Already the third quarter results from most of the banks are showing profitability.
The managing director of GCB, Simon Dornoo in an interview with Citi Business News said with the following financial results coming through so far, the bank is likely to post good result this year as well.
“The statistics show that the economy is growing at about 13 percent and if the indications are right, obviously it is an opportunity for banks in Ghana and we want to be part of it by repositioning ourselves for that. ”
“It is pretty obvious that we have the biggest balance sheet and that is the strength we need to leverage and we are only doing this to make banking easier for our customers." he added
Ghana Commercial Bank Ltd is now the largest indigenous Bank with 131 branches nation-wide.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Lola Hair and Beauty College holds graduation for 14 students
3 minutes -
We had a solid record of achievements, but not everything went right – Bawumia
7 minutes -
Mourning turns to anger in Iran after massive port explosion kills 40
9 minutes -
Ho Teaching Hospital demands medical tourism and tertiary healthcare policies
10 minutes -
Leadership beyond cameras in the Ghana Health Service: why we must replace public outrage with public systems
18 minutes -
Dozens of African migrants killed in US strike on Yemen, Houthis say
25 minutes -
UCL Semis: Hitz FM Pub Series experience returns across Accra
32 minutes -
End conflict to honour Pope, Vatican diplomat tells South Sudan
34 minutes -
Girl, 5, among Vancouver dead as suspect charged
37 minutes -
Today’s Front pages : Monday, April 28, 2025
48 minutes -
Bawumia acknowledges sentiments of supporters on why NPP lost 2024 elections
1 hour -
We have learnt our lessons as a party, and we will correct ourselves – Bawumia
2 hours -
Lapaz Market blaze destroys textile shop, owner rushed to hospital
2 hours -
‘Grandpa robbers’ held Kim Kardashian at gunpoint – but didn’t know who she was
3 hours -
ECG encourages Ghanaians to report power outages promptly
3 hours