Impressive Performance Of Banks Good For Shareholders - Analysts

Financial analysts have welcomed the impressive performances being posted by most banks and financial institutions as at the 31st of December 2011. As at December 2011, Barclays Bank recorded a profit before tax of 35 percent from 85 million cedis the previous year to GhC 115 million in 2011. SG-SSB also recorded a profit after tax of over GhC 22 million in 2011 as against about GhC 19 million in 2010. Meanwhile, indigenous Ghanaian Bank, Fidelity Bank recorded an increase in operating cost and liabilities. �Most of the banks have shareholders and stakeholders who are interested in the positive performance of the company; so by posting positive result, it means it will send encouraging signals to shareholders to maintain their investments with these banks," noted Financial Analyst John Gatsi in an interview with Citi Business News. Though some shareholders have questioned what they stand to gain from the impressive financial performances by most of the banks who have published their statements, experts say, it gives an indication that the banks are positioning themselves for the growing market. �This year the banks are positioning themselves to play very well their financial intermediation role; after all if the banks are not performing well, that will mean that they are not in the position to play the financial intermediation role very well,� Gatsi added.