CalBank : 6 Months TO June 2023 Unaudited Results PR (118.4k)
July 26, 2023
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Press release
6 months to June 2023
Unaudited Results
Highlights of the Group's results
Summary of Financial Review
Selected Income Statement Highlights
For the 6 months to 30th June 2023
Unaudited
Unaudited
YoY
(in millions of Ghana Cedis except per share data and ratios)
Q2 2023
Q2 2022
Net interest income
279.0
303.5
(8.05%)
Net fees and commission income
49.3
38.9
26.76%
Net trading and other income
74.7
84.7
(11.82%)
Operating income (net revenue)
403.0
427.0
(5.63%)
Operating expenses
(257.7)
(206.4)
(24.85%)
Impairment losses on financial assets
17.0
(17.3)
198.05%
Profit before tax
162.2
203.3
(20.20%)
Taxation
(56.5)
(70.8)
20.16%
Profit for the period
105.7
132.5
(20.22%)
Per share data (GHS)
Basic EPS
0.3369
0.4230
(20.35%)
1
Selected Balance Sheet Information
As at 30th June 2023
Unaudited
Unaudited
YoY
(in millions of Ghana Cedis except per share data and ratios)
Q2 2023
Q2 2022
Gross loans and advances to customers
3,941.2
3,050.4
29.21%
Less: allowance for impairments
(575.0)
(248.5)
(131.39%)
Net loans and advances to customers
3,366.3
2,801.9
20.14%
7,331.3
Total deposits
5,878.5
24.71%
1,353.2
Borrowings
2,441.5
(44.57%)
9,603.7
Total assets
9,910.8
(3.10%)
636.9
Total shareholders' equity
1,350.3
(52.83%)
53.8%
Gross loans-to-total deposit ratio
51.9%
3.60%
10.1%
Capital adequacy ratio (CAR)
19.0%
(46.82%)
7.1%
Tier 1 capital adequacy ratio
17.0%
(58.24%)
627.5
End-of-period ordinary shares outstanding (millions of shares)
627.5
0.00%
Per share data (in GHS)
1.0
Book value per ordinary share, BVPS (GHS)
2.1
(54.57%)
0.6
Share price - end of period (GHS)
0.8
(25.00%)
2
Key Ratios
2023
2022
Q2 2023
2.3%
Return on average assets (ROAA)
2.7%
Return on average equity (ROAE)
23.7%
20.1%
6.5%
Cost of funds
6.4%
Net interest margin (NIM)
8.1%
8.1%
64.0%
Cost-to-income ratio (CIR)
48.3%
(0.9%)
Cost-of-risk (CoR)
1.1%
34.8%
Effective tax rate (ETR)
34.8%
Liquidity ratio
69.2%
75.3%
12.0%
NPL ratio
9.0%
91.0%
NPL coverage ratio
77.9%
FOR FURTHER INFORMATION:
CalBank
Dzifa Amegashie (Head, Investor Relations):
+233 (0)261 513134 or damegashie@calbank.net
More information about CalBank PLC ("Cal") available at www.calbank.net /www.calbank.investoreports.com
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Disclaimer
CALBank plc published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 09:37:03 UTC.
CalBank Limited is a banking group organized around 4 areas of activity:
- treasury management (43.2% of net interest income);
- business bank (28.6%);
- retail bank (25.8%): sale of classic and specialized banking products and services (leasing,
mortgage loans, consumer loans, etc.);
- brokerage services (2.1%) ;
- others (0.3%).
At the end of 2021, the group has GHS 2,239.5 million in current deposits and GHS 5,161.9 million in current loans.
Products and services are marketed through a network of 33 branches located in Ghana.
CALBANK PLC 
