Consolidated Bank Ghana (CBG) for the period between Q3 2019 and Q3 2020, recorded an increase of Ghs 3.8 billion in the value of its total assets.
The Bank’s total assets value end-September 2020 according to its Q3 2020 financial statement was Ghs 11.2 billion from a previous total assets value of Ghs 7.4 billion.
The increment in total assets for the period under review is attributed to three items; the increment in the bank’s investment securities, cash and cash equivalents and loans to customers which increased from Ghs 8.8 billion to Ghs 6.5 billion, Ghs 432 million to Ghs 1.3 billion and Ghs 37 million to Ghs 658 million respectively.
The bank’s total liabilities for Q3 2020 amounted to Ghs 10.6 billion, recording an increment of Ghs 3.7 billion from a previous amount of Ghs 6.9 billion.
The bank’s shareholders’ equity which measures the difference between total assets and total liabilities was Ghs 518 million for the period under review, an increment of Ghs 26 million from the previous year’s shareholders’ equity of Ghs 492 million.
