Shareholders of Standard Chartered Bank Ghana PLC are set to receive dividend payout as announced by Board Chair Ebenezer Twum Asante at the Bank’s 54th Annual General Meeting held in Accra.
The Bank delivered strong results – returning to profitability and improved returns alongside balance sheet growth and positive momentum across key metrics. Return on Equity (ROE) increased to 45 per cent and the Capital adequacy ratio (CAR) is 27.7 per cent well above the regulatory threshold of 10 per cent.
“Given the Bank’s capital position the Bank has received regulatory approval to pay dividend and as per the process, the Board will consider it and make a recommendation and will advise shareholders in due course” he added.
Addressing shareholders Ebenezer Asante mentioned that the various strategic actions the Bank initiated to improve its resilience to external shocks, such as tightening risk and control measures, have positively impacted the results and assured shareholders of continuous work to harness the key capabilities and the opportunities they present to deliver value in a strong safe, sustainable manner.
Alongside the importance of delivering improved financial performance, the bank’s Purpose and brand promise to be here for good remain cornerstones of the business. The bank continues to support its clients and communities as they anticipate and respond to economic and social challenges. This is possible through the bank Stands – Accelerating Zero, Resetting Globalisation and Lifting Participation – through which positive impact is delivered across the country.
The bank also commits to collaborate with the private sector to further drive impact and economic inclusion
Commenting on the bank’s impact in the country, Chief Executive, Mansa Nettey emphasised the importance of collaborating to deliver impactful scalable interventions to support the vulnerable in society during challenging economic periods.
She said “The world continues to experience some evolving trends including technological advancements, geopolitics and climate change. While these changes continuously trigger country and international policy shifts, the private sector remains in a good position to shape national and global discourse that will help sustain our economies and communities”.
“As a Bank, we will continue to augment the efforts of government and support our communities through thought leadership and community impact programmes, as well as the provision of funding /capital to where it is needed most”. She added.
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