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SG-SSB LIMITED BANKING
Main Activities: Finance and Insurance
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Company Information |
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Full name SG-SSB LIMITED BANKING Headquarters C796 A/3 Asylum Down Ring Road Central, Accra P.O. Box 13119 Accra - Ghana; Accra; Greater Accra |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000201 Financial Auditors: Ernst & Young (2009) Incorporation Date: February 7, 1975 Total Employees: 671 Tel: 233 21 254713 |
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Company Description |
| Social Security Bank (SSB) Limited is among the largest banks in Ghana. Incorporated in 1977, the bank merged with the National Savings and Credit Bank (NSCB) in 1994 augmenting its assets and branch network. The banks operations are centred around its emphasis on consumer banking and over time it has become a market leader through the introduction of new products to the Ghanaian market, such as the smart card (Sika Card) introduced in 1997. The Banks domestic branch network consists of 21 branches | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first quarter of 2012, total net operating revenues increased with 34.75%, from GHC 16,267 thousands to GHC 21,919 thousands. Operating result increased from GHC 4,881 thousands to GHC 8,188 thousands which means 67.75% change. The results of the period increased 62.41% reaching GHC 5,418 thousands at the end of the period against GHC 3,336 thousands last year. Return on equity (Net income/Total equity) went from 0.00% to 0.00%, the Return On Asset (Net income / Total Asset) went from 0.48% to 0.64% and the Net Profit Margin (Net Income/Net Sales) went from 20.51% to 24.72% when compared to the same period of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2012 Q1 (cons) |
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| Non-Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,088,926 |
851,977 |
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| * All the accounts are in GHC. | ||
Income Statement
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Total Operating Revenue |
74,593 |
21,919 |
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Operational Profit (Loss) |
41,083 |
8,188 |
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Net Profit (Loss) |
30,266 |
5,418 |
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| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.78% |
0.64% |
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Annualised Return on Assets (ROA) |
2.78% |
2.56% |
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Return on Sales (ROS) |
40.6% |
31.29% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
-5.75% |
-5.8% |
| Efficiency Ratios | ||
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Fixed-asset turnover |
0.07x |
0.02x |
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Asset Turnover |
0.07x |
0.02x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-11,921 |
1,702 |
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EBITDA |
-4,233 |
3,601 |
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Enterprise value |
-181,127 |
-115,165 |
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Enterprise Value / EBITDA |
42.79 |
-31.98 |
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Bookvalue (BV) |
1,088,926 |
851,977 |
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Net Cash |
181,127 |
115,165 |
| Market ratios | ||
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Price/Book Ratio |
0.13 |
0.13 |
| Trend Ratios | ||
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Revenue Trend |
109.04% |
106.44% |
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Net Income Trend |
132.33% |
162.41% |
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Operating Income Trend |
325.35% |
-36.64% |
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