Baroda bank Ghana limited has once again emerged the most profitable bank in the country.
The Indian bank consolidated on its position as the recipient of the converted Ghana’s most profitable banking institution for three consecutive years now.
According to the 2017 PWC banking survey report released on Wednesday, Baroda bank emerged first in the category among twenty four (24) other financial institutions in the country who were shortlisted for the profitability ranking.
The Indian bank had over the last one year recorded a nearly stunning 90% growth rate.
In addition, Baroda bank was also the bank offering the best interest rates for businesses, number one for Return on Assets as well as in growth of revenue during the period.
Commenting on the development Managing Director of Baroda bank Ghana limited, R. Mohan said they had emerged tops in the banking survey report due to “prudent management†of the bank.
Other banking institutions who won in various categories of the PWC ranking were Ecobank – bank with the highest share of industry deposits; UBA as bank with the highest Returns on Equity (ROE) and; First National as one with most liquidity.
Baroda bank Ghana limited was established in 2008 as a subsidiary of one of India’s international banks. The Ghana branch is a subsidiary of the main Baroda bank in India, which offers wide range of banking and investment services.
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