• 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

Standard Chartered Reports GHS 176.1 Million Q1 Profit Amid Decline in Interest Income

4 months ago
in Banking & Finance, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
225
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Standard Chartered Reports GHS 176.1 Million Q1 Profit Amid Decline in Interest Income

Standard Chartered Bank Ghana PLC has posted a 21.6% rise in net profit for the first quarter of 2025, defying a sharp contraction in interest income as the lender leveraged higher fee-based income and robust trading gains to bolster bottom-line growth.

The bank reported a consolidated profit of GH¢176.1 million for the three months ended March 31, 2025, compared with the GH¢188.7 million in Q1 2024. Despite a 38.8% year-on-year fall in interest income to GH¢275.6 million, the bank benefited from stronger fee and commission revenue, which surged 59.2% to GH¢96.3 million, and a 53% jump in net trading income to GH¢77.8 million.

Operating income for the group stood at GH¢413.6 million down 15% from the same period last year, and impairments on financial assets fell sharply to GH¢3.8 million from GH¢36 million.

Standard Chartered’s cost-to-income ratio rose marginally as operating expenses climbed 35% to GH¢216.4 million, driven by higher personnel and administrative costs. Nevertheless, profit before tax stood at GH¢193.3 million, representing a 33.6% drop compared to GH¢291 million in Q1 2024.

The bank’s bottom line was further supported by a GH¢55.1 million fair value gain on its holdings of financial instruments classified as Fair Value through Other Comprehensive Income (FVOCI), in contrast to a GH¢128.5 million loss recorded in the corresponding period last year. Total comprehensive income thus improved to GH¢231.1 million from GH¢60.3 million.

The bank’s asset base expanded slightly to GH¢15.59 billion from GH¢15.32 billion a year earlier. Notably, customer deposits declined by 8.4% to GH¢11.17 billion, while loans and advances to customers rose 13% to GH¢2.32 billion, signalling a cautiously optimistic credit policy.

RelatedPosts

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

Perhaps the most impressive outcome was in credit risk. The gross non-performing loan (NPL) ratio fell significantly to 24.17% from 30.05% in Q1 2024. More importantly, when excluding the loss category, the NPL ratio dropped sharply to just 0.76% from 15.62%. This suggests that problematic exposures have either been written off, restructured, or adequately provisioned for, significantly de-risking the loan book.

Capital adequacy remains robust with a total CAR of 25.5% and Tier 1 capital at 24.1%, well above regulatory thresholds. The bank’s liquidity ratio also remained high at 93.4%, giving it ample headroom to meet short-term obligations and navigate further market volatility.

Earnings per share dipped to GH¢1.31 from GH¢1.40 in Q1 2024. However, the bank’s net asset value per share rose to GH¢16.88 from GH¢14.70, reflecting the continued accumulation of retained earnings and capital reserves.

NorvanReports Outlook

Looking ahead, Standard Chartered Ghana appears well-positioned to weather ongoing macroeconomic pressures. Its strong capital buffer, improving credit quality, and diversified income streams suggest that while earnings may face pressure from narrowing margins, the fundamentals remain sound.

 

Standard Chartered Bank Ghana Plc — Financial Highlights (Q1 2025 vs Q1 2024 with YoY Change)

MetricQ1 2025Q1 2024% Change (YoY)
Interest Income (GH¢ ‘000)275,647450,158-38.77%
Interest Expense (GH¢ ‘000)(33,624)(65,994)-49.05%
Net Interest Income (GH¢ ‘000)242,023384,164-37.00%
Net Fee and Commission Income (GH¢ ‘000)80,83950,675+59.52%
Net Trading Income (GH¢ ‘000)77,84050,880+52.99%
Operating Income (GH¢ ‘000)413,603487,286-15.11%
Net Impairment Loss on Financial Assets (GH¢ ‘000)(3,846)(36,041)+89.33%
Profit Before Tax (GH¢ ‘000)193,324291,002-33.56%
Profit After Tax (GH¢ ‘000)176,061188,743-6.71%
Total Comprehensive Income (GH¢ ‘000)231,14660,271+283.58%
Earnings Per Share (GH¢)1.311.40-6.43%
Net Asset Value Per Share (GH¢)16.8814.70+14.97%
Total Assets (GH¢ ‘000)15,588,85815,321,404+1.75%
Customer Deposits (GH¢ ‘000)11,167,59212,188,281-8.37%
Loans & Advances to Customers (GH¢ ‘000)2,316,7862,050,688+12.99%
Investment Securities (GH¢ ‘000)3,475,4036,528,624-46.78%
Capital Adequacy Ratio (%)25.53%27.78%-8.09%
Non-Performing Loan Ratio (Gross) (%)24.17%30.05%-19.57%
NPL Ratio excl. Loss Category (%)0.76%15.62%-95.13%

Tags: interest incomenon-performing loan (NPL) ratioStandard CharteredStandard Chartered Reports GHS 176.1 Million Q1 Profit Amid Decline in Interest Income

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

BoG Designates Digital Credit Services as Non-Bank Financial Service

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Trending

Business

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

August 29, 2025

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns Ghana Link Network Services Ltd,...

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 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.