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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Republic Bank (Ghana) Plc. has delivered an impressive financial performance for the 2024 financial year, achieving significant growth across all key financial indicators and reaffirming its position as one of the most resilient and customer-focused Banks in Ghana.
The Group posted a 30.4% growth in Profit Before Tax (PBT), from GH¢252.3 million in 2023 to a record figure of GH¢329.0 million in 2024.
Total assets grew remarkably by 37.8%, closing the year at GH¢9.6 billion, underpinned by strong deposit mobilization and short-term borrowings, which grew by 34.3%.
Earnings per share (EPS) also improved significantly from GH¢0.16 in 2023 to GH¢0.24 in 2024, reflecting enhanced shareholder value.
Source: newsthemegh.com