Gbemisola Ogungbade

Tellimer Research

Research Analyst @ Tellimer Research

Gbemisola works with the research team with her primary focus on Ghana. She previously worked at Guaranty Trust Bank, a Nigerian Multinational Financial Institution as a client associate. Gbemisola has a BSc in Finance from the University of Lagos.

Gbemisola Ogungbade
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Latest articles from Gbemisola Ogungbade

Ecobank Ghana: Strong Q2 21 earnings on impressive non-interest income and lower cost of risk

Ecobank Ghana (EGH) reported Q2 21 EPS of GHS0.50, a 24% yoy increase. This was on the back of lower impairment charges (-25% yoy) and an 80% yoy increase in non-interest income arising from strong growth in trading and fee income revenues (+97% yoy ...
Tellimer Research Gbemisola
Gbemisola Ogungbade @ Tellimer Research 15 September 2021

GCB Bank: Q2 21 – High tax and impairment charges dampen earnings

GCB's Q2 21 EPS increased by only 6% yoy to GHS0.38, mainly on the back of an increase in tax charge (42% in Q2 21 from 30% in Q2 20) as a result of the government imposing a 5% financial sector recovery levy on PBT to support financial sector reform...
Tellimer Research Gbemisola
Gbemisola Ogungbade @ Tellimer Research 3 September 2021

Stanchart Ghana: Q2 21: Impressive earnings growth, with technology driving efficiency gains

Stanchart Ghana (SCB) recorded strong performance in Q2, reporting EPS of GHS0.99 (+34% yoy). We maintain our Hold recommendation with our TP unchanged at GHS18.50. Risks remain to the upside and there is a better outlook for Stanchart Ghana than ant...
Tellimer Research Gbemisola
Gbemisola Ogungbade @ Tellimer Research 25 August 2021

CAL Bank: Q2 21 – Steady growth in non-interest income boosts earnings

CAL Bank reported strong Q2 21 results with EPS of GHS0.08 (+60% yoy), largely on account of the growth in non-interest income and net operating income. Asset quality remained weak as a result of the 16% yoy growth in gross NPLs, but CAR remained str...
Tellimer Research Gbemisola
Gbemisola Ogungbade @ Tellimer Research 5 August 2021

Ghana: Making strides towards a cash-lite economy as mobile money usage soars

The latest mobile money statistics show strong growth, boosted by regulatory changes. Ghana’s attempts to combat fraud are delivering results. Collaboration between telcos and banks has bolstered the digital payment system.
Tellimer Research Gbemisola
Gbemisola Ogungbade @ Tellimer Research 3 August 2021
Ghana: Making strides towards a cash-lite economy as mobile money usage soars
Ghana: Making strides towards a cash-lite economy as mobile money usage soars

Ghana banks: Impressive Q1 performance, but impairment charges remain a concern

Ghana's banking sector recorded 18% yoy growth in net interest income in Q1 21, supported by an improvement in interest expense (up just 2% yoy vs +17% yoy in Q1 20) on the back of an increase in low-cost deposits (+18% yoy). The banks that we cover ...
Tellimer Research Gbemisola
Gbemisola Ogungbade @ Tellimer Research 25 June 2021
Ghana banks: Impressive Q1 performance, but impairment charges remain a concern
Ghana banks: Impressive Q1 performance, but impairment charges remain a concern

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