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Standard Chartered Ghana pays dividend of GH¢397 million

StandaWhatsApp Image 2024 08 29 At 4.jpeg This follows a strong financial performance

Fri, 30 Aug 2024 Source: Citi News

Standard Chartered Bank Ghana PLC has announced a significant dividend payout for 2023, totaling GH¢400 million, including GH¢397 million to ordinary shareholders and GH¢3 million to preference shareholders.

This follows a strong financial performance, with a 447% increase in pre-tax profit, reaching GH¢1.36 billion, and revenue up to GH¢1.67 billion.

The bank’s assets grew to GH¢13.9 billion, and its capital adequacy ratio is at a robust 27.74%.

This dividend declaration, made during a virtual Extraordinary General Meeting, marks a positive shift for Ghana's banking sector and reflects the bank's resilience and progress despite previous financial challenges.

The bank has also embraced technology, with 95% of new clients and 90% of service requests handled digitally.

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Source: Citi News