Business News of Monday, 31 December 2018
CAL Bank has fulfilled its GHC400 million minimum capital requirement as prescribed by the Central Bank.
According to the Chief Executive Officer of CAL Bank, Frank B. Adu Jnr, this achievement is a milestone which represents the fulfilment of the commitment the bank made to its regulators in 2017.
“This achievement would not have been possible without the steadfast support of our shareholders, directors, customers, partners and dedicated staff to whom we owe a debt of gratitude,” he added.
Mr Frank B. Adu noted in a press statement that “Despite headwinds in the banking sector during the year, 2018 was marked by growth and development of CAL Bank’s core banking business and its subsidiaries, with all unites recording increased revenue and profits. We are excited by the tremendous possibilities that lie ahead as we enter our next 3-year strategic period commencing in 2019”.
Find the full statement below