The Highlights of the Group’s HY-2022 results (y/y) are:               

 Profit & Loss

• Profit after Tax grew by 26.15%
• Net Interest Income increased by 30.43%
• Net Fees and Commissions Income grew by 116.85%
• Impairment losses on Financial Assets decreased by 26.71 %
• Operating expenses increased by 29.81%

Balance Sheet

• Total Assets grew by 8.67%
• Net Loans & Advances to Customers increased by 27.13%
• Total Deposits grew by 4.07%.
• Total Capital Adequacy ratio decreased from 19.5% to  19.0%
• NPL Ratio  decreased from 13.79% to  9.03%

• NPL Coverage Ratio increased from 81.50% to  90.21%

Shareholder Ratios

• ROAA increased from 2.47% to 2.66%
• ROAE increased from 18.26% to 20.10%

For the Full Version of the HY-2022 results, please click on the link  https://calbankplc.net/wp-content/uploads/2022/07/CalBank_Unaudited_Financials_062022.pdf

For further information, contact Dzifa Amegashie, Head-Investor Relations on damegashie@calbankplc.net