Wednesday, 11 February 2015

CAL Bank unaudited results show 48% growth in total income for 2014

Cal BankCAL Bank's 2014 full year unaudited results show that the bank has returned a 48.3% growth in Total Income, 55.6% growth in Pre- Tax profits and 73.6% growth in Total Assets.

Also the results show that the indigenous Ghanaian Bank have yielded an Average ROA of 6.7% and an Average ROE of 41.7% to its shareholders.

CEO of the bank, Frank Adu Jnr, said the achievement in 2014 "is principally as a result of strong growth in non-funded income, enforcing strong risk management to achieve higher quality assets and by driving operational efficiency through process automation". Read More...

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