30
Jun
GCB Bank PLC (GCB) has announced its full-year (FY) 2022 financial results highlighting the Bank’s strong performance despite the impact of the Domestic Debt Exchange Programme (DDEP). Total Operating Revenue grew by 24 percent to GHS 3.0 billion. This was underpinned by broad based growth across all the key revenue lines. Net interest income was up 11 percent, fees & commissions grew 7 percent. Trading Income was phenomenal with a growth of 208 percent to end at GHS 487 million. Operating cost went up 29 percent recording GHS 1.6 billion on account of inflationary and currency depreciation effects. Pre-provision profit…
