Ghana Commercial Bank
Ghana Commercial Bank (GCB) has been selected for the award again this year due to a reasonably good performance in 2002 and its continued high level of commitment to Ghanaian society.
Last year, the bank managed to eke out a small gain in net profit and even larger gains in assets and Tier 1 capital. Even more impressive was its ROE of almost 40%.
GCB also expanded on its strong position in the local market. A key initiative was co-operation with the government in providing more loans and foreign exchange services to exporters. These exporters, as well as other corporate clients, are the bank’s fastest growing business.
The bank once again demonstrated its strong social commitment last year by widening access to its banking services. It is also one of three banks in Ghana to offer internet banking services via the installation of state-of-the-art software called Flexcube.