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25.10.2013 Press Release

GCB AND MD WINS AFRICA INVESTOR CAPITAL MARKET AWARD IN NEW YORK

By GCB
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Ghana Commercial Bank Ltd. (GCB) and its Managing Director, Mr Simon Dornoo,have emerged winners of the 2013 Africa investor (Ai) Index Series Awards held at the New York Stock Exchange.

While GCB as a corporate entity was adjudged the 'Best Performing (Ai 100) Company', 2013 in Africa,the Managing Director, Mr. Simon Dornoo was also recognised as the 'Ai100 Chief Executive Officer (CEO) of the Year'.

The Bank emerged first among eight nominated financial institutions across the African continent in the Best Performing Ai100 Company category.

Mr. Dornoo was also adjudged the 'Ai100 CEO of the Year' from a shortlist of eight best Managing Directors/Heads of financial institutions on the continent in the Ai100 category.

GCB's award was based on performance, commitment to increasing volumes of shares traded, share performance compared with market performance between September 2012 to August 2013, volatility compared with market, portion of shares traded on market and major achievements in the year 2012 and 2013.

In a congratulatory message sent by the Africa investor Team to the Bank and the Managing Director, the organisation said GCB is being recognised for its exceptional achievements over the last year.

“Your achievements will no doubt continue to serve as an inspiration for business and government leaders working to raise Africa's investment profile,” it said.

Commenting on the award Mr. Dornoo said, “as an organization that is striving to achieve excellence in banking as well as contribute to the socio-economic development of the country, this recognition will spur us on to greater effort towards these goals. We would like to dedicate this award to our customers for their continued loyalty and to our employees for their hard work.

This is the second prestigious award conferred on the Bank within the last month. The Chartered Institute of Marketing Ghana (CIMG) on September 20, 2013 also adjudged GCB as the Best Bank 2012.

The awards coincide with the celebration of 60 years of banking excellence in Ghana by GCB this year.

The Africa investor (Ai) Index Series Awards, are the only international, pan-African awards that recognise and reward Africa's institutional investors, stock exchanges, best-performing listed companies, stockbrokers and capital market regulators.

It is a specialist investment and communications firm advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa's investment decision makers; maintains the Africa investor 40 Investors' Index and hosts the Ai Index Series Summit & Awards.

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