News & Events
GCB ADJUDGED BANK OF THE YEAR
Posted:
Wednesday, 20th January, 2010
Ghana Commercial Bank Limited (GCB) has been adjudged the “BANK OF THE YEAR,” 2009.At the exalted world-wide Banker Awards dubbed, “Investment Banking Awards 2009” held on in London, United Kingdom, GCB emerged the best bank in Ghana in the Country Awards category.
Mr Sam Reynolds-Boison, Head, Credit Risk and Financial Planning, of Ghana International Bank, on behalf of the Managing Director of GCB, Mr Lawrence Adu-Mante, received a certificate and a ‘Bracken Award.
The event is organised by the Banker Magazine of Financial Times (FT) Group of the UK. This is the fifth time that GCB has won this award.
According to the organisers of the awards programme, GCB posted an impressive results year in 2007 and 2008.
In it findings the organisers established that GCB launched a number of progressive and innovative products in 2008 including a special account for high net worth clients (Royal Banking), internet banking (Commernet Plus) and Mastercard.
It said the Bank improved its payments technology with the launch of SmartPay.
GCB, the mazagine contended managed to maintain its strong growth in all aspects of the balance sheet.
Net profit grew by an impressive 14 per cent in 2008. Assets of the Bank continued to grow impressively in 2008 and hit the GH¢1.6 billion ($71,000) mark, up 43 per cent on 2007.
The Bank also did well by maintaining a low non-performing loan ratio of just two per cent.
The Banker Magazine lauded the fact that GCB continues to broaden its branch network by opening 11 branches in 2008 and installing further 50 ATMs, adding that “this bricks and mortar approach to banking in Ghana has had a positive impact on deposits, which grew by 24 per cent in 2008.”
Commenting on the award, the Managing Director, Mr Lawrence Adu-Mante, said in future the Bank will place even more emphasis on customer needs, using electronics, mobile phone technology and the internet.
“New business investments will be required to finance this customer promise, which will involve IT, delivery channel structure and refreshing culture,” he said.
ISSUED BY THE PUBLIC RELATIONS DEPARTMENT OF GHANA COMMERCIAL BANK LIMITED (GCB).
Mr Sam Reynolds-Boison, Head, Credit Risk and Financial Planning, of Ghana International Bank, on behalf of the Managing Director of GCB, Mr Lawrence Adu-Mante, received a certificate and a ‘Bracken Award.
The event is organised by the Banker Magazine of Financial Times (FT) Group of the UK. This is the fifth time that GCB has won this award.
According to the organisers of the awards programme, GCB posted an impressive results year in 2007 and 2008.
In it findings the organisers established that GCB launched a number of progressive and innovative products in 2008 including a special account for high net worth clients (Royal Banking), internet banking (Commernet Plus) and Mastercard.
It said the Bank improved its payments technology with the launch of SmartPay.
GCB, the mazagine contended managed to maintain its strong growth in all aspects of the balance sheet.
Net profit grew by an impressive 14 per cent in 2008. Assets of the Bank continued to grow impressively in 2008 and hit the GH¢1.6 billion ($71,000) mark, up 43 per cent on 2007.
The Bank also did well by maintaining a low non-performing loan ratio of just two per cent.
The Banker Magazine lauded the fact that GCB continues to broaden its branch network by opening 11 branches in 2008 and installing further 50 ATMs, adding that “this bricks and mortar approach to banking in Ghana has had a positive impact on deposits, which grew by 24 per cent in 2008.”
Commenting on the award, the Managing Director, Mr Lawrence Adu-Mante, said in future the Bank will place even more emphasis on customer needs, using electronics, mobile phone technology and the internet.
“New business investments will be required to finance this customer promise, which will involve IT, delivery channel structure and refreshing culture,” he said.
ISSUED BY THE PUBLIC RELATIONS DEPARTMENT OF GHANA COMMERCIAL BANK LIMITED (GCB).
