The decline in SG-SSB profits for the first quarter of this year and a dip in the bank’s fortunes on the stock market are set to dominate Thursday’s facts behind the figures session at the Stock Exchange.
The bank’s stock has been one of the blue chips on the Accra bourse.
It has however seen a slump in recent times, dropping to 66 Ghana pesewas from an all time of high of 3 Ghana cedis 17 pesewas.
Though the bank saw a 24 percent increase in profits last year, its first quarter profits declined due to an increase in its operating expenses.
The bank would therefore use today’s meeting with institutional investors and brokers to explain how it intends to turn around the fortunes of the bank this year.
Source: Joy Business/Myjoyonline.com/Ghana
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