Abena Osei-Poku
Barclays Bank Ghana, a member of Absa Group, increased its loans and advances to customers to the tune of GH¢3,125 million last year, which represented a growth rate of 35 percent.
The bank’s 2018 financial results were released on March 28, 2019.
Barclays said it believes in providing financial support to Ghanaian businesses, including SMEs to stimulate economic growth.
Managing Director of Barclays Bank Ghana, Abena Osei-Poku, said deposits recorded 49 percent growth while net interest income grew 22 percent from GH¢531 million to GH¢651 million.
“Behind these impressive results have been our growth strategy driven by our dedicated and hard-working employees, as well as the confidence of our loyal customers in our exceptional products and services,” she added.
For Barclays Bank Ghana, 2018 was a year of significant transitions.
The bank continued with its separation from Barclays PLC to Absa and saw a change in leadership in an era of important reforms in the banking industry.
“2018 has demonstrated our resilience and ability to consistently deliver in an ever-changing environment,” she said.
“We would focus on growth, transformation and building positive momentum this year. We will remain a trustworthy partner and relentlessly pursue mutually beneficial growth opportunities to help all our stakeholders realize their possibilities. We will become the leading bank in Ghana that you and the whole of Ghana will be proud of,” Mrs. Osei-Poku declared.
Barclays Bank Ghana is expected to complete its transition into Absa in February 2020 after all regulatory approvals.