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[2008-04-29] Cal Bank Limited (CAL) Records Modest Increase in Earnings The un-audited first quarter results for CAL showed 8.47% rise in profit after tax to GHC1.7. Although interest income rose by 30.8% to GHC6.94mn, the 50.07% increase (to GHC3.99n) in interest expense eroded the gains that could have been recorded by the bank. Operating expense also increased by 27.16% to GHC3.6mn while operating profit increased by 8.45% to GHC2.27mn. Increases in deposits and loans & advances were impressive at 43.4% to GHC131.74mn and 20.26% to GHC119.04mn. Source: SAS