CalBank has announced a dividend of 11 pesewas per share to shareholders for the financial year ending December 31st, 2021.

All shareholders registered in the books of the bank at the close of business on Friday June 3, 2022, will however qualify for the final dividend.

In view of the foregoing, the ex-dividend date has been set as Wednesday, June 1st, 2022.

Consequently, an investor purchasing CalBank shares before this date will be entitled to the final dividend.

However, an investor buying CalBank shares on or after Wednesday, June 1, 2022, will not be entitled to the final dividend.

According to the bank, the final dividend will be paid from Thursday, June 30, 2022.

Cal Bank records 3.9% growth in profit to ¢215m in 2021

CalBank recorded a marginal 3.9% year-on-year growth in profit in 2021 to ¢215 million, despite the impact of COVID-19 on the Ghanaian economy, particularly in the first half of the year.

With the exception of interest income which it witnessed a decline in growth, it registered growth in all its income lines – net fees and commission and net trading income.

The drop in interest income from ¢519.6 million in 2020 to ¢465.3 million in 2021 was as result of a high interest expense on the profitability statement.

Credit: myjoyonline