CalBank Releases Its Half Year Unaudited Financial Statement

CalBank Plc (Ghana Stock Exchange: ‘CAL’) announces its Unaudited Results for the Half Year ended 30th June 2020.

The Highlights of the Group’s Half Year 2020 results (y/y) are:

Profit & Loss

  • Net Interest Income grew by 8.1% from GHS243.5m to GHS 263.2m
  • Operating Income increased by 1.4% to GHS 304.7m (GHS 300.6m in HY 2019)
  • Net impairment Loss decreased by 16.5% to GHS 44.5m from GHS 53.3m in HY 2019
  • Operating expenses increased by 14.8% to GHS 143.4 (GHS124.9m in HY 2019)
  • Profit before Income tax decreased by 4.5% to GHS 116.8m (GHS 122.4m in HY 2019)
  • Profit after Income tax decreased by 4.4% to GHS 81.7m (GHS 85.5m in HY 2019)
  • Cost/Income Ratio increased to 47.1% from 41.5% in HY 2019

Balance Sheet

  • Total Assets increased by 14.5% to GHS 7.2b (GHS 6.2b in HY 2019)
  • Loans & Advances increased by 11.5% to GHS 2.8b (GHS 2.5b at HY 2019)
  • Total Deposits increased by 1.6% to GHS 3.9b (GHS 3.8b in HY 2019)
  • Borrowings increased by 39.4% to GHS 1.95b (GHS 1.4b in HY 2019)
  • Capital Adequacy ratio increased to 22.7% (18.6% in HY 2019)
  • NPL ratio increased to 10.8% (9.0% in HY 2019)

Shareholder Ratios

  • ROAA decreased to 2.4% (3.2% in HY 2019)
  • ROAE decreased to 17.2 % (22.2% in HY 2019)
  • Price-to-Book ratio decreased to 0.44 (0.79 in HY 2019)
  • EPS decreased by 4.4% to GHS 0.2608 (GHS 0.2730 in HY 2019)

 

To read more follow the link below

2020 CalBank Unadited Consolidated Financial Statements for the Half Year

 

For further information please contact Dzifa Amegashie on damegashie@calbank.net

 

 


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