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GCB turns margin compression test into statement of strength with a sterling half-year performance
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MyJoyOnline
By the end of June 2026, operating income had risen 36.1 percent year-on-year to GH¢3.73 billion.
The first half performance suggests that GCB has carried its 2025 momentum into a far more demanding earnings environment.
Interest income grew by a modest 4.1 percent to GH¢2.91 billion, but interest expense fell 28.9 per cent to GH¢564.7 million.
The sharp reduction in funding costs lifted net interest income by 17.3 per cent to GH¢2.34 billion, cushioning the impact of lower market rates.
Personnel, depreciation and other operating expenses increased by 20.5 per cent in aggregate, well below the 36.1 per cent rise in operating income.