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    GCB   GH0000000094

GCB BANK PLC

(GCB)
  Report
End-of-day quote Ghana Stock Exchange  -  2022-09-28
4.000 GHS    0.00%
07/27GCB Bank Plc Reports Earnings Results for the Half Year Ended June 30, 2022
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06/30GCB BANK PLC : 1st-half-year results
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06/17Vice President Bawumia Inaugurates GCB Bank's North East Region Branch in Nalerigu
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GCB Bank Limited completed the acquisition of substantially all assets of UT Bank Limited from UT Bank Limited on August 14, 2017.

08/14/2017 EDT

GCB Bank Limited (GHSE:GCB) acquired substantially all assets of UT Bank Limited (GHSE:UTB) from UT Bank Limited (GHSE:UTB) on August 14, 2017. Under the terms of the transaction, GCB Bank acquired selected assets and all deposit liabilities of UT Bank. The remaining assets and liabilities will be realized and settled respectively through a receivership process to be undertaken by Messers Vish Ashiagbor and Eric Nana Nipah of PricewaterhouseCoopers. In a related transaction, GCB Bank acquired selected assets and all deposit liabilities of Capital Bank Ltd. The main offices and branches of UT Bank will be under the control of GCB bank and will be opened at 1PM on August 14, 2017, for normal business transactions. The existing channels of service will remain functional while they are rebranded to reflect the change in ownership. Following the completion of the acquisition, the Bank of Ghana revoked the license of UT Bank. The Customers of UT Bank are now customers of GCB bank. All staff in the interim will become staff of GCB bank and GCB Bank will negotiate the terms of their contract. The branches and ATMs of UT Bank will continue to operate as normal as GCB Bank branches and ATMs. The Ghana Stock Exchange has also suspended the listing status of UT Bank following its collapse and subsequent takeover by GCB. The acquisition has been approved by the Bank of Ghana. GCB Bank Limited (GHSE:GCB) completed the acquisition of substantially all assets of UT Bank Limited (GHSE:UTB) from UT Bank Limited (GHSE:UTB) on August 14, 2017.


© S&P Capital IQ 2017
All news about GCB BANK PLC
07/27GCB Bank Plc Reports Earnings Results for the Half Year Ended June 30, 2022
CI
06/30GCB BANK PLC : 1st-half-year results
CO
06/17Vice President Bawumia Inaugurates GCB Bank's North East Region Branch in Nalerigu
AQ
05/18GCB Will Support Tourism Related Businesses - GCB MD
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04/28GCB Bank Limited Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
04/04SWAG, GCB Bank Hail Black Stars, Others
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03/24GCB Bank Staff Dies in Road Cash On Goaso-Mim Highway
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03/18G-Money Promotion Winners Rewarded
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03/08GCB Bank Limited Announces Executive Appointments
CI
03/04GCB Bank Limited Reports Earnings Results for the Full Year Ended December 31, 2021
CI
More news
Financials
Sales 2022 2 803 M 276 M 276 M
Net income 2022 779 M 76,7 M 76,7 M
Net Debt 2022 - - -
P/E ratio 2022 1,36x
Yield 2022 17,0%
Capitalization 1 060 M 104 M 104 M
Capi. / Sales 2022 0,38x
Capi. / Sales 2023 0,32x
Nbr of Employees 2 316
Free-Float 32,4%
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 4,00 GHS
Average target price 5,90 GHS
Spread / Average Target 47,5%
EPS Revisions
Managers and Directors
John Kofi Adomakoh Chief Executive Officer, MD & Director
Socrates Afram Director & Deputy Managing Director-Finance
Jude Kofi Arthur Chairman
Abel Lomotey Daitey Chief Information Officer
Emmanuel Odartey Lamptey Director & Deputy Managing Director-Operations
Sector and Competitors