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GH million
Jul-12
Jun-12
5,941.43
6,524.67
6,276.69
6,400.13
10,520.64
10,107.30
977.38
952.42
622.58
617.98
24,338.7
24,602.5
2
1
17,580.71
18,028.34
2,033.55
1,824.71
1,411.11
1,511.87
21,025.37
21,364.92
1,881.88
1,879.04
1,431.47
1,358.55
3,313.35
3,237.59
24,338.7
24,602.5
2
1
Dec-11
6,139.08
6,129.09
8,344.01
846.24
600.63
22,059.0
6
15,990.65
1,781.71
1,254.16
19,026.53
1,649.87
1,382.66
3,032.53
22,059.0
6
Jul-11
5,008.14
5,995.41
7,015.13
926.95
579.48
19,525.1
1
13,817.30
1,717.08
1,353.90
16,888.28
1,534.28
1,102.52
2,636.80
19,525.0
8
Growth
Y-on-Y
Y-to-D
18.64
(3.22)
4.69
2.41
49.97
26.09
5.44
15.50
7.44
3.65
Share %
Jul-12
24.41
25.79
43.23
4.02
2.56
24.65
27.24
18.43
4.23
24.50
22.66
29.84
25.66
10.33
9.94
14.13
12.51
10.51
14.06
3.53
9.26
100.00
72.23
8.36
5.80
86.39
7.73
5.88
13.61
24.65
10.33
100.00
Over the year, foreign currency denominated assets increased by 44.14 per cent to
GH6.87 billion in July 2012. The acquisition of The Trust Bank (TTB) by Ecobank
Ghana Limited (EBG) brought the number of acquisition this year to two (2); reducing
the number of universal banks in the industry as at July 2012 to twenty five (25);
fourteen (14) foreign banks and eleven (11) domestic banks. Foreign bank penetration
in terms of asset size increased accordingly from 53.45 per cent in December 2011 to
55.85 per cent in July 2012. The concentration ratio, which measures the total assets
percentage share of the five (5) largest banks in stood at 47.25 with EBG being the
largest bank commanding 12.57 per cent of the total assets of the industry as at July
2012.
2
Jun- 12
Dec-11
Jul-11
EBC
12.57
EBG
12.49
GCB
11.43
GCB
11.36
GCB
10.89
GCB
10.72
EBG
9.78
EBG
10.14
SCB
9.34
SCB
9.46
SCB
8.85
SCB
9.18
BBG
8.12
BBG
8.10
BBG
8.65
BBG
8.91
SBG
6.34
SBG
6.87
ADB
5.65
SBG
6.26
TOTAL
47.2
5
47.6
4
44.37
45.85
1.2 Deposits
Deposits remained the largest funding source of total assets of the banking industry
accounting for 72.23 per cent. Between July 2011 and July 2012, deposits grew by
27.24 per cent from GH13.82 billion to GH17.58 billion; bringing year-to-date
growth to 9.94 per cent.
The share of the five largest banks in terms of deposit size increased by 1.98 per cent
on year-on-year basis to 48.61 per cent in July 2012, with GCB having the largest
share of deposits (12.43 per cent).
Table 3: Total Deposits Concentration Ratio
Jul-12
GCB
12.43
EBG
12.03
SCB
9.20
BBG
8.20
SBG
6.74
TOTAL
48.61
Jun- 12
EBG
12.44
GCB
11.56
SCB
9.50
BBG
8.08
SBG
7.55
49.1
3
Dec- 11
GCB
12.80
SCB
9.37
EBG
9.29
BBG
8.36
SBG
5.40
Jul-11
GCB
12.71
EBG
9.52
SCB
8.58
BBG
8.53
SBG
7.29
45.22
46.63
with a share of 27.04 per cent of the industry total while the Mining Sector recorded
the least share of 2.75 per cent.
Table 4: Sectoral Credit distribution
Total Credit
Agriculture Forestry & Fishing
Mining & Quarrying
Manufacturing
Construction
Electricity, Gas & Water
Commerce & Finance
Transport, Storage & Comm.
Services
Miscellaneous
Total
Jul-12
613.32
320.43
1,273.98
958.96
943.32
3,153.11
547.15
2,871.22
980.58
11,662.0
7
Jun-12
602.45
300.63
1,042.66
959.76
729.11
3,188.82
568.56
2,755.68
1,024.08
11,171.7
5
Dec-11
537.16
398.50
836.94
751.64
625.02
2,537.65
391.68
2,515.93
757.90
9,352.4
2
Jul-11
454.91
305.89
926.32
645.74
568.19
2,074.58
303.81
2,001.51
682.39
7,963.3
5
Y-on-Y
34.82
4.75
37.53
48.51
66.02
51.99
80.10
43.45
43.70
Y-T-D
14.18
(19.59)
52.22
27.58
50.93
24.25
39.69
14.12
29.38
Share
%
5.26
2.75
10.92
8.22
8.09
27.04
4.69
24.62
8.41
46.45
24.70
100.00
The five-bank credit concentration ratio for the month of July 2012 stood at 41.54 per
cent.
Table 5: Credit Concentration Ratio
ECO
GCB
SCB
ADB
BBG
Jul-12
12.67
8.01
7.54
6.83
6.49
41.54
ECO
GCB
SCB
BBG
ADB
Jun- 12
11.59
8.24
8.01
7.06
6.85
41.75
ECO
GCB
BBG
ADB
SCB
Dec-11
9.18
7.52
7.45
7.43
7.19
38.77
ECO
GCB
BBG
ADB
SCB
Jul-11
8.56
7.97
7.62
7.49
7.39
39.03
1.5 Solvency
The industry was generally solvent as evidenced by the average CAR of 15.52 per cent
in July 2012. Though compared with the same period last year and beginning of the
year the industry CAR reduced by 1.49 per cent and 1.89 per cent respectively it
remained high and above the regulatory 10 per cent benchmark. Only one bank
breached the 10 per cent regulatory benchmark posting a CAR of 9.56 per cent in July
2012.
The banking industrys paid-up capital improved by 22.66 per cent from GH1.53
billion in July 2011 to GH1.88 billion as at the end of July 2012. The number of banks
yet to meet the GH60 million recapitalisation level with a scheduled deadline of endyear 2012 has reduced to six (6) from nine (9) beginning of year.
Figure 1: Monthly Trend of CAR
18.00
17.41
17.50
17.00
16.94
17.00
17.42
17.41
17.07
17.27
16.77
17.00
16.49
16.50
16.00
15.54
15.54
15.52
15.50
CAR
15.00
14.50
Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
Jul-12
1.6 Profitability
Annualised profitability matrix indicates a general improvement in profitability for the
month of July 2012. The operational efficiency indicator, cost-income ratio also
recorded some marginal improvement compared with the end-July 2011 position.
Table 6: Key Profitability Indicators (Annualized)
RATIO
ROE
July
June
May
July
June
May
2012
2012
2012
2011
2011
2011
26.70
26.92
24.67
18.11
18.50
18.99
ROA
4.56
4.43
4.28
3.47
3.54
3.71
ROEA
6.27
6.09
5.91
4.86
4.87
5.13
C/I Ratio
55.31
55.79
56.43
61.13
60.09
58.88
% Interest
Payable
4.84
4.61
4.94
6.27
6.10
6.19
Gross yield
14.83
14.35
14.49
16.43
15.70
15.85
Spread
9.99
9.73
9.55
10.16
9.60
9.66
2.0
Structure
2.1
2.2
NBFIs - 53
RCBs 1 (Bomasadu)
Forex Bureaux 40
6
2.3
NBFIs 3
RCBs 7
Asontaaba Rural Bank Ltd
Adinkra Rural Bank Ltd
Weija Rural Bank Ltd
Tepaman Rural Bank Ltd
Anyaa Rural Bank Ltd
Suhum Rural Bank Ltd
Fumbisi Rural Bank Ltd
NBFIs - 5
CCH Finance House
Abii National Savings and Loans Ltd
NTHC Finance House Ltd
Alpha Capital Savings and Loans Ltd
TLG Capital Savings and Loans Ltd
Forex Bureaux
Fifteen (15) applications are currently being processed for Top
Managements consideration
3.0
Microfinance
3.1
Introduction
In line with the Banks objective of ensuring the safety, soundness and stability of the
entire banking system, the Bank in July 2011 issued operating rules and guidelines on
microfinance for the information of the general public and for compliance by operators
in the microfinance subsector. The rules and guidelines dealt with categorisation of
7
Description
Number Licensed
Deposit Taking
192
Money Lending
30
FNGO
Total
224
Of the 224, 91 institutions have met all the requirements for the issuance of the final
licence. The remaining 133 have up to six months to meet all licensing requirements.
3.3 Capital Requirement
MF-Deposit Taking Tier 2
Not less than GH100,000 for one unit office
MF Non-Deposit Taking Tier 3
GH60,000
GH60,000
3.4 Charges
Processing fees
GH5,000
GH1,000
3.6
Staff from the unit engaging in radio and TV talkshows to sensitize the public
4.0
Conclusion
The financial soundness indicators of the banking industry, measured in terms of
earnings, portfolio quality and solvency were strong over the survey period. The
growth in assets was accompanied by high competitiveness in terms of assets,
deposits and credit, as well as increasing intermediation, culminating into improved
profitability matrices. Recapitalisation efforts were stepped in the industry reducing
the number of undercapitalized banks to six in July 2012 from nine (9) beginning of
year. Even though NPL ratio fell, the current interest hikes and exchange rate volatility
could pose a challenge to loan recovery efforts by banks.
Overall, the industry fundamentals present a positive outlook. Going forward,
supervisory effort will focus on the risk management practices and credit
administration of banks in order to sustain financial soundness and ensure effective
and efficient intermediation in the industry.