VidiaNews
Search news← All news
business

GCB delivers strong quarter 3 2026 performance; profit rises to GH¢629.11m

GCB delivers strong quarter 3 2026 performance; profit rises to GH¢629.11m

GCB delivers strong quarter 3 2026 performance; profit rises to GH¢629.11m. GCB Bank PLC delivered another strong quarter, underpinned by robust balance sheet growth and high non-funded income. The Non-Performing Loan (NPL) ratio improved to 4.8% while the Capital Adequacy Ratio fell to 14.6%.

GCB Bank PLC delivered another strong quarter, underpinned by robust balance sheet growth and high non-funded income.

Total assets expanded by 35% year-on-year to GH¢67.62 billion, supported by 78% year-on-year growth in loans and advances, while deposits rose 34% year-on-year to GH¢50.78 billion, yielding a loan-to-deposit ratio of 51%.

The Non-Performing Loan (NPL) ratio improved to 4.8% while the Capital Adequacy Ratio fell to 14.6%. Profit after tax (PAT) grew 39% year-on-year to GH¢629.11 million, above analysts' estimates, lifting Return on Equity to 25%.

Non-funded income rose 64% year-on-year, supporting growth and highlighting the growing contribution of non-interest revenue. However, interest income declined as the average lending rate dropped to 15.94% in August 2026 from 25.15% in August 2025.

The rising operating expenses and lower interest rates weighed on the quarterly performance.

Operating expenses increased 13% quarter-on-quarter to GH¢938.02 million, outpacing the 1% quarter-on-quarter rise in operating income to GH¢1.97 billion. The operating expenses rose largely due to a 19% quarter-on-quarter increase in personnel expenses, which deteriorated the cost-to-income ratio to 47.7% in quarter 3 2026 from 43% in quarter 2 2026.

Loan portfolio drives balance sheet expansion

Total assets increased by 35% year-on-year to GH¢67.62 billion, with loans and advances rising 78% year-on-year and 17% quarter-on-quarter to GH¢25.97 billion.

Non-pledged trading assets also increased by 83% year-on-year to GH¢3.54 billion, while investment securities grew marginally by 2% year-on-year but declined 8% quarter-on-quarter to GH¢19.8 billion.

The quarterly movements indicate a shift in the composition of the bank’s earning assets toward loan book growth and away from investment securities.

Loan growth outpaces deposit mobilisation

Deposits grew 34% year-on-year but contracted by 1.38% quarter-on-quarter to GH¢50.78 billion.

Consequently, the loan-to-deposit ratio rose to 51% in quarter 3, 2026, from 43% in quarter 2 2026 and 39% in quarter 3 2025, reflecting faster loan growth relative to deposit mobilisation.

While increased lending supports interest income generation, sustaining this trajectory will depend on the Bank’s ability to mobilise deposits and manage funding costs effectively.

  • quarter
  • loan
  • deposit
  • growth
  • income
  • ratio
  • gcb
  • performance

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

Currency outside banks rises 104% in 3 yrs — CBN
business

Currency outside banks rises 104% in 3 yrs — CBN

•Demand deposits climb 71% •Analysts highlight cash dependence, financial inclusion challenges By Peter Egwuatu Currency held outside the banking system by Nigerians rose by 103.8 per cent to N4.923 trillion in September 2026 from N2.416 trillion in September 2023, highlighting the persistent demand for physical cash despite the expansion of electronic payment channels in the country. Data from the Central Bank of Nigeria, CBN, Money and Credit Statistics, also showed that currency outside banks increased by 10.3 per cent year-on-year from N4.465 trillion in September 2025 to N4.923 trillion…

Read →
GPCL reforms operations to boost growth
business

GPCL reforms operations to boost growth

The Ghana Publishing Company Limited (GPCL) is restructuring its operations to expand its West African market presence and improve commercial performance. Nana Kwasi Boaitey, GPCL’s Managing Director, announced this at the Government Accountability Series in Accra on Monday.

Read →
BoG to host Queen Máxima of Netherlands on November 4, 5, 2026
business

BoG to host Queen Máxima of Netherlands on November 4, 5, 2026

The Bank of Ghana would host Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA), on 4 and 5 November 2026. The visit follows discussions between Queen Máxima, the Minister for Finance, Dr Cassiel Ato Forson and the Governor of the Bank of Ghana at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, where financial health featured as an important priority for advancing economic resilience and inclusive growth.

Read →
Ghanaian consumer packaged goods increased by 8.9% in half-year 2026 – Maverick Research
business

Ghanaian consumer packaged goods increased by 8.9% in half-year 2026 – Maverick Research

Recent data from Maverick Research, which measures Consumer Packaged Goods (CPG) performance across West African markets, shows that Ghanaian CPG volumes increased by 8.9% in the first half of 2026, alongside value growth of 15.6%. 80% of Ghana’s five biggest share gainers over the past two years — Viju, Verna, Malta Guinness, Geisha and Bigoo — expanded their distribution.

Read →