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34 articles for Stanchart Ghana
GCB Bank: Q3 results show strong revenue growth and expanded loan book; Buy
GCB’s Q3 21 results showed 24% yoy growth in its EPS to GHS0.47, higher than the 21% yoy expectation. We maintain our Buy recommendation on GCB with a TP of GHS8.6, translating to an ETR of 65%. Operating efficiency improved as the cost/income ratio ...
Gbemisola Ogungbade @ Tellimer Research 2 December 2021
Stanchart Ghana: Q3 decline in net interest income and high tax charge hits bottom line
Stanchart Ghana has published its Q3 results, recording an EPS of GHS1.02, which translates to a 1% yoy rise. We maintain our Hold recommendation on the stock at an unchanged target price of GHS18.50, which now translates to an ETR of -4%. If these p...
Gbemisola Ogungbade @ Tellimer Research 25 November 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...
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...
Gbemisola Ogungbade @ Tellimer Research 25 August 2021
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 ...
Gbemisola Ogungbade @ Tellimer Research 25 June 2021
5 factors to watch when Ghana banks report their 2020 results
In Ghana, the three sectors that have been most badly affected by Covid-19 are commerce & finance, tourism & hospitality, and transport. The repayment capacity of businesses and individuals has been weakened due to Covid-19. We expect the banks' impa...
Gbemisola Ogungbade @ Tellimer Research 23 March 2021
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Ghana
Africa
Banks
About
Standard Chartered Bank Ghana Ltd. provides a wide range of services in the Retail and Corporate Banking services including a comprehensive import/export and foreign exchange and remittance services. The Bank has a network of 23 branches strategically located for personal and corporate banking activities throughout Ghana.
