Earnings Report /
Ghana

Stanchart Ghana: Q3 decline in net interest income and high tax charge hits bottom line

  • Stanchart Ghana reported a 1% yoy increase in PAT to GHS65mn in Q3, but, cumulatively to 9M 21, PAT grew 12% yoy

  • Efficiency improves on management’s business rationalisation and cost-cutting procedures

  • We reiterate our Hold recommendation and TP of GHS18.50

Gbemisola Ogungbade
Tellimer Research
25 November 2021
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