Assets value of CAL Bank grows to Ghs 9 billion at end-Q2 2021
Assets value of CAL Bank for the period ended June 2021, amounted to Ghs 9.09 billion.
The recorded assets value as contained in the bank’s Unaudited Financial Statement for Q2 2021, represents a year-on-year (yoy) increase of Ghs 1.96 billion.
The recorded total assets value of CAL bank same period last year was Ghs 7.13 billion.
The surge in the bank’s assets value for the review period was necessitated by astronomical increments in CAL Bank’s cash and cash equivalents and non-pledged trading assets.
Cash and cash equivalents on yoy increased by Ghs 785 million from Ghs 443 million in Q2 2020 to Ghs 1.22 billion in Q2 2021.
Non-pledged trading assets also grew from Ghs 113 million in Q2 2020 to Ghs 1.31 billion in Q2 2021 yoy.
In terms of liabilities, the bank for Q2 2021, posted total liabilities of Ghs 7.9 billion, some Ghs 1.85 billion increase from the Q2 2020 recorded total liabilities of Ghs 6.09 billion.
The rise in the bank’s liabilities is on the account of increments in deposits from other banks and financial institutions as well as customers of the bank.
On profit made for the quarter under review, CAL Bank for the second quarter of this year posted a total profit of Ghs 102 million.
But for a reduction of some Ghs 30 million in the net interest income from Ghs 261 million in Q2 2021 to Ghs 230 million in Q2 2020, the bank would have posted a net profit far above the recorded Ghs 102 million.
For equity holders of the bank, the recorded profit translates into dividends payments of 32 pesewas, an increase of 7 pesewas from the 25 pesewas paid as dividends in Q2 2020.
On the bank’s Capital Adequacy Ratio (CAR), the adequacy ratio of 19.5 percent posted for Q2 2021 is well above the regulatory requirement of 13 percent.
With regards to the bank’s asset quality, CAL Bank saw a deterioration in its loan asset quality as its nonperforming loans increased by 3 percentage points yoy from 10.8 percent in Q2 2020 to 13.8 percent in Q2 2021.
Peruse details of financial statement below: