• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

CAL Bank records GHS 60.4m net profit in Q1 2023

2 years ago
in Banking & Finance, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
141
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

CAL Bank records GHS 60.4m net profit in Q1 2023

Cal Bank, one of Ghana’s leading banks, has reported a net profit of GHS 60.4m for the first quarter of 2023, marginally above the GHS 60.2m net profit recorded in the same period last year. The bank’s financial performance was driven by a rise in net interest income, which increased from GHS 144m in Q1 2022 to GHS 151m in Q1 2023.

Despite the marginal increase in net profit, the bank’s asset value declined slightly from GHS 10.6bn to GHS 10.2bn within the review period. This decrease in asset value was primarily due to a decline in investment securities from GHS 4.7bn in 2022 to GHS 3.6bn in 2023.

On the liabilities side, the bank’s total deposits from customers increased, leading to an increase in liabilities from GHS 9.3bn to GHS 9.7bn. This increase in deposits indicates that the bank has more funds available for lending, which could potentially increase the bank’s interest income.

The bank’s capital adequacy ratio (CAR), which measures the bank’s ability to absorb losses, declined from 22.4% in Q1 2022 to 10.5% in Q1 2023. With a 10.5% CAR, Cal Bank is slightly above the BoG’s regulatory 10% minimum CAR requirement.

Furthermore, the bank’s asset quality deteriorated within the review period as the non-performing loans grew from 9.2% to 11.2%. Non-performing loans are loans that have not been repaid for a specified period, indicating potential credit risks to the bank. A rise in non-performing loans could result in higher loan loss provisions, which could adversely affect the bank’s profitability.

The Cal Bank’s Q1 2023 financial performance showed a marginal increase in net profit, primarily driven by a rise in net interest income. However, the bank’s decline in asset value and deteriorating loan asset quality are potential risks that the bank may need to address to ensure sustainable growth and stability. Moreover, the decline in the bank’s capital adequacy ratio could also limit its ability to absorb potential losses in the future.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

Tags: CAL BankCAL Bank records GHS 60.4m net profit in Q1 2023
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.