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Standard Chartered Bank Ghana PLC has held its 54th Annual General Meeting to present the Annual Report and Financial Statements for the year ended 31 December 2023 to its shareholders.

The Bank delivered strong results - returning to profitability and improved returns alongside balance sheet growth and positive momentum across key metrics. Return on Equity (ROE) increased to 45 per cent and Capital adequacy ratio (CAR) is 27.7 per cent well above regulatory threshold of 10 per cent. Given the Bank’s capital position the Bank has received regulatory approval to pay dividend and will advise shareholders in due course.

Chairman of the Board of Directors, Ebenezer Twum Asante, addressing shareholders said “the various strategic actions we initiated to improve the resilience of our business to external shocks, such as tightening our risk and control measures, have positively impacted our results.

We will continue to harness our key capabilities and the opportunities they present to deliver value in a strong safe, sustainable manner”.