Unaudited financial statements released by some banks, indicate that the banks have registered significant gains with profit margins either almost doubled or increased by some reasonable margins.

Amongst banks reported to have recorded some impressive results are; Ghana Commercial Bank (GCB), Consolidated Bank, Ghana (CBG), Stanbic Bank, Agricultural Development Bank (ADB), Prudential Bank, First Bank of Nigeria (FBN), Cal Bank, United Bank of Africa (UBA), Republic Bank and Societe Generale.

Going through the banks’ balance sheets, it was noticed that banks invested heavily in short term securities, particularly treasury securities with the accrued excess capital as a result of the increment of the minimum capital requirement.

 Customer deposits also considerably shot up for all, indicating growth in deposit mobilization.

 GCB continues to benefit from the takeover of Capital and UT Bank with a 44.7 percent increase in its bottom-line, profit increased from GH¢153 million the previous year to GH¢222 million at the end of September 2019.


This was as a result of significant growth in interest income and substantial reduction in interest expense, as well as a 42.1 percent growth in non-funded income with interest income shoting up from GHc997 million in the third quarter of 2018 to GHc1.1 billion in the third quarter of 2019.


GCB’s balance sheet continued to remain strong with a balance sheet size of GHc20.7 billion with total assets estimated at GHc11.1 billion whilst total liabilities hit GHc9.6 billion in September 30, 2019.

The Consolidated Bank, Ghana (CBG), which is an amalgamation of seven banks by the Bank of Ghana also recorded a sizeable amount of profit, registering a GH¢64.9 million profit in the first nine months of 2019. This was achieved as a result of significant growth in interest income primarily from investments in government securities.


CBG also recorded some appreciable growth in trade of GH¢44.3 million, fees and commission income was also estimated at GH¢24 million. The bank’s balance sheet is also strong with a balance sheet size of GH¢14.3 billion (GHc7.4 billion in assets and GH¢6.9 billion in liabilities).

Deposits from customers stood at GH¢5.4 billion whilst loans and advances was a paltry GH¢37 million.

Source: thefinderonline.com