Simon Dornoo: “GCB, most profitable bank in Ghana for two years in a row”
Mr. Simon Dornoo, Managing Director, GCB Bank, was very pleased to say: ”Investors in African capital markets across the world acknowledge our transformation programme and have voted GCB the best performing banking stock in Africa in 2010 and 2013, and this bodes well for our future...”
He was speaking at the just ended Breakfast meeting with the Bank’s High Net worth Customers where he reiterated the continued performance of the bank. “We delivered another strong set of operating results in 2013 to retain our position as the most profitable bank in Ghana for two years in a row. The Bank’s balance sheet size, which is now GHC4 billion and its capital base of over GHC600 million puts the Bank in a uniquely strong position to continue to support our customers, and to continue investing in our transformation agenda”.
“Our new standards in customer service and our branch optimization programme will give us a modern, welcoming and state of the art branch. It will also strengthen our representation in rural areas, to bring banking services to the unbanked”, he said.
He added that “Our investments in IT systems have led us to record over one million ATM transactions monthly compared to less than 100,000 transactions 3 years ago and this attests to the increasing reliability of our systems.”
Mr Dornoo told the meeting that “The Bank’s loan portfolio has increased significantly from GHC450m in 2011 to GHC1.3 billion. We have given out over GHS900m in our 24-hour personal loan products to help raise the quality of lives of many more households, and it is on this success and in keeping with our new brand promise, “your bank for life” that we ask you to join us on this journey of progress.”
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