Standard Chartered tops profitability in 2024 PwC Banking Survey

According to the 2024 PwC Banking Survey, Standard Chartered achieved a pre-tax profit of 79.2%, surpassing the industry average of 37.5% and leading the sector.

GT Bank followed with a 73.1% profitability, while Access Bank Ghana, Zenith Bank Limited, and Stanbic Bank Ghana rounded out the top five.

The banking industry's profit before tax margin surged by 213.8%, from -32.9% in 2022 to 37.5% in 2023, marking a significant recovery.

Ecobank led in industry deposits, loans, and operating assets, commanding over 14% of total deposits.

The survey also highlighted that 64% of customers value short wait times for an enhanced banking experience.