OmniBSIC Bank posts historic profit, makes GH¢150m gain in 2023

The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring program, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year.

In 2022, OmniBSIC Bank recorded a GH¢127.5 million loss on account of the large impairments resulting from DDEP.

Gross earnings rose by 114 percent in 2022 to GH¢920 million while operating income more than doubled – from GH¢206 million in 2022 to GH¢534 million in the period under review.

After ending 2022 at GH¢2.5 billion, the results showed that customer deposits rose by 93 percent to about GH¢4.9 billion.

The Managing Director of OmniBSIC Bank noted that the turnaround was a strong inspiration for the staff and management to work hard to exceed customer expectations.

Asiedu took over the reins of OmniBSIC in May 2021 with a goal to align with the bank’s vision to be the number one bank in customer service delivery and value creation for stakeholders.

OmniBSIC Bank