Shareholders of GCB Bank Limited are to receive 10 pesewas per share as dividend by the end of this month.
This makes GCB the only listed bank on the Ghana Stock Exchange to pay dividends to shareholders for the year ending 2017.
This was endorsed by the shareholders of the Bank at its 24th Annual General Meeting held in Accra on Friday, 6th July.
Including the declaration of dividend for the 2017 year, all proposals put forward by Board of Directors of the Bank were unanimously approved by the shareholders.
They include the acceptance of the financial report for the period, re-election of retiring directors, election of directors, directors’ remuneration and appointment of new auditors for the Bank.
The Board, chaired by Mr Jude Arthur, a veteran banker, declared a profit of GH¢332 million for the year.
The Bank also recorded a modest growth of 16 per cent in interest income.
The shareholders commended the Board and Management of the Bank for a sterling performance despite the challenges that faced the bank with the acquisition of UT and Capital banks