Managing Director of GCB Bank, Farihan Alhassan, says the bank’s strong brand culture and dedicated workforce were key to its record performance in 2025.
He noted that “our staff strongly believe in the bank and are ever prepared to do everything to achieve the needed results.”
He added, “We should also not forget about the brand culture that pushes for excellence and making sure that those targets are achieved as always.”
Mr Alhassan made the remarks ahead of an appearance on PM Express Business Edition, airing tonight, April 2, 2026, at 9 pm on JoyNews.
Speaking on the topic “Banking Sector Recovery Post Domestic Debt Exchange; The Case of GCB,” he said the bank remains focused on sustaining its strong performance, which he noted stands out within the industry based on published financials.
On whether banks, including GCB, are fully out of the woods following the Domestic Debt Exchange Programme, he cautioned that recovery is still ongoing.
He said it is “still early days, even though things have improved significantly for the banks, including GCB Bank.”
GCB’s Financials for 2025
GCB Bank PLC ended 2025 with a Profit Before Tax (PBT) of GH¢3.17 billion.
Customer deposits grew by 19.7% to GH¢41.3 billion, helping to drive a 23% expansion in the bank’s balance sheet to GH¢52.6 billion.
Interest income rose by 38.3%, despite a sharp decline in interest rates. The bank attributed this to active balance sheet repricing, strategic asset allocation, and proactive risk management.
The Non-Performing Loan (NPL) ratio declined to 10.3% from 15.1% in 2024.
The cost of risk also dropped to 1.3% from 4.3%, a reduction that contributed directly to the bank’s record profit.
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Source: www.myjoyonline.com