CalBank PLC (Ghana Stock Exchange: ‘CAL’) announces its Unaudited Results for the First Quarter ended 31st March 2022.

The Highlights of the Group’s Q1-2022 results (y/y) are:               

Profit & Loss

  • Profit after Tax grew by 17.3%
  • Net Interest Income increased by 19.9%
  • Net Fees and Commission Income grew by 169.8%
  • Impairment losses on Financial Assets decreased by 34.9%
  • Operating expenses increased by 12.4%

Balance Sheet

  • Total Assets grew by 35.5%
  • Net Loans & Advances to Customers increased by 21.6%
  • Total Deposits grew by 41.4%.
  • Total Capital Adequacy ratio increased from 19.2% to 22.4%
  • NPL Ratio dropped from 14.4% to 9.2%

Shareholder Ratios

  • ROAA decreased from 2.7% to 2.4%
  • ROAE increased from 18.5% to 19.0%

For the Full Version of the Q1-2022 results, please click on the link CalBank_Unaudited_Financials032022.pdf

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