Unaudited Consolidated Financial Statements For the Third Quarter Ended 30th September 2019

CalBank (Ghana Stock Exchange: ‘CAL’) announces its unaudited results for the Quarter ended 30th September 2019.           

Highlights of the Group’s Q3-2019 results (y/y) are: 

Profit & Loss

  • Net Interest Income grew by 31.0% to GHS 375.5m (from GHS 286.5 in Q3 2018);
  • Operating Income increased by 23% to GHS 442.7m (from GHS 359.8m in Q3 2018);
  • Net Impairment Loss increased by 49.3% to GHS 58.4m (from GHS 39.1m in Q3 2018);
  • Operating expenses increased by 18.9% to GHS 190.3m (from GHS 160.1m in Q3 2018);
  • Profit before tax increased by 20.7% to GHS 193.9m (from GHS 160.6m in Q3 2018);
  • Profit after tax increased by 18.1% to GHS 135.4m (from GHS 114.6m in Q3 2018);
  • Cost/Income Ratio decreased to 43.0% from 44.5% in Q3 2018.

Balance Sheet

  • Total Assets increased by 43.7% to GHS 7.2b (from GHS 5.0b in Q3 2018);
  • Loans & Advances increased by 9.2% to GHS 2.5b (from GHS 2.3b at Q3 2018);
  • Total deposits increased by 38.6% to GHS 3.8b (from GHS 2.8b in Q3 2018);
  • Borrowings increased by 71% to GHS 2.3b from (GHS 1.3b in Q3 2018);
  • Capital Adequacy ratio increased to 18.0% (13.8% in Q3 2018);
  • NPL ratio increased to 10% (7% in Q3 2018).

Shareholder Ratios

  • ROAA decreased to 3.0% (3.3% in Q3 2018);
  • ROAE increased to 21.7% (21.2% in Q3 2018);
  • Price-to-Book ratio decreased to 0.64 (0.99 in Q3 2018);
  • EPS increased by 10.7% to GHS 0.29 (GHS 0.26 in Q3 2018).

For further information, please contact :

Dzifa Amegashie (Investor Relations) on damegashie@calbank.net or on (233) 261 513134.

Click on the links below to read more about the results for the third Quarter 2019

Q3 CalBank 2019 Unaudited Results Press Release

Q3 CalBank 2019 Unaudited Results


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