Accra, Aug. 01, GNA – The La Community Bank has posted GHS1.29 million profit for the 2023 financial year, Mr Seth Nii Sodjah Quao, Chairperson, announced on Thursday.
He said this was an improved performance on the previous year, when the bank recorded a profit of GHS 1.2 million.
The chairperson made this disclosure at the 36th Annual General Meeting(GM) of the bank in Accra.
Mr. Sodjah Quao noted that despite the challenges presented by the unstable macroeconomic environment, including the Domestic Debt Exchange Programme (DDEP) and high inflation, the bank recorded a fair success in operating income.
“Ladies and gentlemen, despite the hard economic conditions and continuous biting effects of the Domestic Debt Exchange(DDE) programme, the bank’s total operating income increased by 28 per cent from GHS 9.2 million in 2022 to GHS 11.9 million in 2023.
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