Ghana

GCB Bank: Stellar FY 19 results – Strong core revenue growth and loan book expansion, Buy

  • Better-than expected growth in earnings owing to improvement in both net interest income and non interest income

  • Improved operational efficiencies as investment in digital banking technology materialises

  • Loan book grows by 26% qoq, boosted by increased retail loans

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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

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