Pulse.com.gh logo
Go


ADB IPO Why you should buy an ADB share today

" Anyone who wants to own a part of a highly profitable bank that is at the heart of Agric development in Ghana should invest in the shares"- Solomon Atefoe, Marketing and Communications Manager, ADB.

  • Published: , Refreshed:
File Photo play

File Photo

ADB is a universal bank offering full range of banking products and services in retail, commercial, corporate and investment banking. Its business focus is universal banking with development focus.

Read More: > ADB & ADF ADB secures €17.1mil loan funding for Rubber Outgrowers Plantation

The bank launched its Initial Public Offering on the 23rd of December 2015 and has been able to court massive corporate patronage for the shares which are going for GHC2.65  per  share. With the least number of shares an investor can purchase being 100 shares, one needs only GHC265 to own a piece of the fast growing Agricultural Development Bank.

Read More: >Finally Here: ADB announces the re-opening of its IPO

Speaking to Pulse Business, Solomon Atefoe, Marketing and Communications Manager of ADB, has been urging individual Ghanaian investors to take an interest in acquiring parts of the Ghanaian Bank.

" Anyone who wants to own a part of a highly profitable bank that is at the heart of Agric development in Ghana should invest in the shares"

Read More: > Opposition Thwarted Labour Commission rules against UNICOF intended strike against ADB

Additionally, Pulse Business has been looking into the financial statement of the Bank from 2012 to date and came up with the following findings:

 

Profit before National Fiscal Stabilisation Levy (NFSL

2013 in (mil GHS)

83,928  

2012 in (mil GHS)

26,696

Profit after NFSL80,629    26,696
Dividend per share (Ghana cedis) - -  
Earnings per share (Ghana cedis):- Basic   3.225      1.068
 Return on average equity (%)   33.72   14.00
 Return on average assets(%)   5.26      2.01

                

The bank raked in 83,928 million profits in 2013 representing a 57,232 million improvement on  2012's 26,696 million after major investments in human resources, marketing and customer satisfaction.

The companies profitability continued in 2014, even though the year  proved to be a difficult one for banks and the financial sector as a whole.  ADB was able to rake in impressive profits relative to counterparts in the sector. As an SME- friendly bank, ADB put in impressive strategies in place to cushion it against the effects of the poor  performance of businesses in 2014

Profit before tax

2014

( MIL GHS)

34,670

 
Profit after tax47,865 
Earnings per share (Ghana cedis):- Basic1.915 
- Diluted1.915 
Return on average equity (%)15.32 
Return on average assets (%)2.53 

 

As the bank prepares to take its growth to the next level, it is perhaps time for as many Ghanaians to  put a stake in there by acquiring shares in,  what is looking to be an impressive Ghanaian bank aiming to transform the agricultural sector.

                                                                                     

    

                                                                                                              

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




X
Advertisement