GCB increases group profit by almost 44% in nine months

GCB Bank PLC increased group profit by almost 44 percent in the nine months ended September 2026 as lower funding costs, stronger fee income and a sharp expansion in lending strengthened earnings across its banking franchise.

Group profit after tax rose to GH¢1.87 billion from GH¢1.30 billion in the corresponding period of 2025, an increase of 43.77 per cent.

Profit before tax advanced by 41.99 per cent to GH¢2.87 billion, while total comprehensive income reached GH¢1.89 billion. Basic earnings per share increased to GH¢9.39 from GH¢6.53, reinforcing the improvement available to shareholders.

At the separate bank level, profit after tax reached GH¢1.86 billion, compared with GH¢1.29 billion a year earlier.