Standard Chartered Ghana (StanChart Ghana) ended 2020 with a strong performance recording a profit growth of 41 percent on a year-on-year basis.
Profits recorded by the bank at end-December 2020, stood at Ghs 478 million as against the Ghs 281 million profit recorded end-December 2019.
The boost in the bank’s profit for the year under review, per norvanreports perusal of StanChart’s 2020 Audited Financial Statements, is attributed to a surge in the bank’s operating income from a previous figure of Ghs 853 million end-2019 to a little over Ghs 1 billion end-2020.
Total assets value of the bank end-2020 also recorded an appreciable increase of Ghs 400 million from Ghs 7.6 billion in 2019 to Ghs 8 billion in 2020.
Total liabilities for the period under review increased marginally from Ghs 6.4 billion to Ghs 6.5 billion. Also, shareholders’ equity per the bank’s financial statement increased by Ghs 300 million from Ghs 1.16 billion in 2019 to Ghs 1.46 billion in 2020.
With regards to dividends paid for 2020, shareholders on the back of the strong profit growth enjoyed payment of Ghs 3.54 pesewas per share, an increase of Ghs 1.46 pesewas when compared to the Ghs 2.08 pesewas paid as dividends for 2019.
