CBG records GH¢1bn revenue in Q3

Consolidated Bank Ghana LTD. (CBG) achieved a historic milestone in Q3 2024, recording GH¢1 billion in total revenue, the highest in its history.

The bank reported a remarkable 3,105% increase in profit before tax, reaching GH¢169.9 million, up from GH¢5.3 million in 2023.

CBG's net interest income of GH¢727.6 million and strong balance sheet growth, with assets rising by 58% to GH¢16.3 billion, demonstrate its strong financial performance.

The bank also saw improvements in its non-performing loan ratio (from 17.9% to 11.6%) and a 38.6% increase in customer deposits.

CBG’s focus on innovation and supporting SMEs positions it as a key player in Ghana’s banking sector, with plans to further enhance customer experience and provide more financing options.