Ghana Commercial bank’s profits for last year recorded a dip.
It went down by 65 percent to 16 million Ghana cedis, from 48 million Ghana cedis.
The bank’s revenue from its interest earning business also went down, whiles expenses shot up by 30 percent.
It however made some huge gains on loans it expects to go bad, which went down from 71 to 11 million Ghana cedis.
Meanwhile, Ghana Commercial Bank’s profits for the first three months of this year shot up by 18 percent to 23 million Ghana cedis.
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
-
NPP will ensure a safer cleaner and greener environment – Dr Kokofu
4 mins -
2024 Election: Police to deal with individuals who will cause trouble – IGP
5 mins -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
11 mins -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
21 mins -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
48 mins -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
49 mins -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
56 mins -
Livestream: The manifesto debate on WASH and climate change
1 hour -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
1 hour -
CSIR Executive Director urges farmers to adopt technology for improved farming
1 hour -
Football Impact Africa’s Ghetto Love Initiative inspires change in Teshie
2 hours -
Peter Toobu calls for tighter border security over uncovered weapons at Tema Port
2 hours -
Gov’t has failed its commitment to IPPs – Ablakwa
2 hours -
Sell Chrome to end search monopoly, Google told
2 hours -
KATH to install seven new dialysis machines by end of November
2 hours