uniCredit shows impressive growth
uniCredit emerged as a profitable institution by posting a profit before tax of GH¢13.78 million in 2016.
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The institution also grew its total asset by 48.7 per cent during the year from GH¢328.4 million in 2015 to GH¢488.18 million in 2016.
The Chief Executive Officer (CEO) of uniCredit, Mr Samuel Sakyi-Hyde, in an interaction with the media, attributed this growth to its deliberate approach to create sustainable value and a focused implementation of the company’s business strategy.
He said the company had witnessed a phenomenal growth over the last five years, stating that “Our Company’s operations and financial performance over the past five years have witnessed consistency in growth and expansion during the period. We have improved every year and our 2016 operating results also show very impressive results in line with the expectations of our shareholders”.
With an improved and sustained Capital Adequacy Ratio which currently stands at 32.22 per cent, Mr Sakyi- Hyde assured all stakeholders, particularly customers that uniCredit was in a better position to handle all their credit needs.
The CEO also used the opportunity to affirm its commitment to increase support for small and medium enterprises in the country.
Outlook for 2017
Touching briefly on the company’s outlook for 2017, Mr Sakyi-Hyde said much as a lot had been achieved over the last year, the company was looking forward to leveraging on its strong capital position to sustain planned future development in order to deliver value to both customers and shareholders.
He hinted that as a responsive and demand-driven institution, uniCredit was poised to develop product and services that would meet the specific needs of its target market which was mainly the SME market.
“We have stayed the course over the last few years with our engagements with our customers. This year, we are promising more and indeed will deliver on our promise to SMEs,” he said.