08. August 2022

Cal Bank records 3.9% growth in profit to ¢215m in 2021
Image: Ghana Business Directory

Image: Ghana Business Directory

Cal Bank recorded a marginal 3.9% year-on-year growth in profit in 2021 to ¢215 million, despite the impact of COVID-19 on the Ghanaian economy, particularly in the first half of the year, its 2021 Audited Financial Statement has revealed.

With the exception of interest income which it witnessed a decline in growth, it registered growth in all its income lines – net fees and commission and net trading income.

The drop in interest income from ¢519.6 million in 2020 to ¢465.3 million in 2021 was as result of a high interest expense on the profitability statement.

However, shareholders will enjoy a marginal increase in earnings per share (EPS). EPS increased from ¢0.3304 in 2020 to ¢0.3441 in 2021.

The balance sheet of the bank remained strong despite the bank’s loan and advancement going down marginally in 2021.

Total shareholders’ equity also went up to ¢1.25 billion in 2021, from ¢1.11 billion in 2020.

From the financial soundness indicators, Cal looked stronger and robust as Non-Performing Loans went down slightly to 11.2% in 2021, from 13.5% in 2020.

Capital Adequacy Ratio, which is a measure of a bank’s capital by its risk-weighted assets, was also way above the industry threshold. It stood at 24.5% in 2021.

Financial Soundness Indicators 2021 2020
Capital Adequacy Ratio 24.5% 21.9%
Non-Preforming Loans 11.2% 13.5%
Liquidity Ratio 233.3% 216.7%









SourceJoy Business 

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