Tag: NPL
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4 key highlights of BoG’s economic data [Article]
Bank of Ghana (BoG) just released its November 2017 economic and financial data. I found 4 key highlights from the BoG report. NPL increasing: Non-Performing Loans (NPL) are still increasing for Banks – September 2017 it was 22.2% and in October 2017, it was 21.6% compared to 19% in October 2016. Why is it increasing? We…
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Banks’ NPLs hit 8 billion cedis – BoG report
The Non-Performing Loans (NPLs) of commercial banks in Ghana has reached GH¢7.96 billion as at June 2017. The figure went up from the GH¢6.09 billion recorded in the same period in 2016. The latest Banking Stability report by the Bank of Ghana shows that the NPL ratio has also gone up to 21.2 percent from…
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HFC Bank’s loss decreases marginally to GH¢38.6m in 2016
HFC Bank has posted an operating loss for the second year in a row though the figure has dropped marginally. The Bank’s 2016 financial statement showed that the loss for 2016 recorded 38.6 million cedis from the 39.2 million cedis in 2015. The bank’s losses were also accounted for by the projects to clean the…
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CAL Bank’s profits plunge due to high NPLs
After recording impressive performances at a time that some banks are struggling in the last three years, CAL Bank has recorded over a ninety percent drop in profits for 2016. According to the bank’s 2016 financial results, its profit dropped from 160 million cedis in 2015 to 7.2 million cedis in 2016. This was largely…
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CAL Bank’s 2016 profits dip over high NPLs
CAL bank’s total profits for 2016 dropped by as much as 95 percent compared to the profits recorded in 2015. The bank’s profit dropped to 7.2 million cedis in 2016 from the over 160 million cedis recorded in the previous year. At CAL Bank’s 2016 AGM, the Board explained that the significant drop in profits…
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Non-Performing Loans increase by 36% in February 2017
The latest Banking Sector Stability Report by the Bank of Ghana has shown that Non-Performing Loans (NPLs) of banks increased by 36.17 % between February 2016 and the same period this year. The figure increased from 4.7 to 6.4 billion cedis within the twelve months’ period. The report also revealed that commerce and finance accounted for…
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NPLs to drop further in 2017 first quarter – BoG
The Bank of Ghana is optimistic of a further drop in the Non-Performing Loans (NPLs) of commercial banks at least by the first quarter of this year. Figures from the central bank indicate that the NPLs which have been increasing since December 2015, started recording a marginal drop in November 2016. The figure decreased from…