Access Bank ends 2023 with 3.9% NPL; CAR dips by 13%
Loan asset quality of Access Bank Ghana measured by its non-performing loan ratio (NPLs) deteriorated marginally ending 2023 at 3.9%.
This is some 0.52% year-on-year increase in the Bank’s NPLs when compared to the 3.38% NPL ratio for 2022.
Access Bank’s 3.9% NPL ratio is way below the industry’s average NPL ratio of 24.6%.
The low NPL ratio recorded by Access Bank for the review period indicates the robustness of the bank’s loan recovery methods and minimal bad loans.
Capital Adequacy Ratio (CAR) of Access Bank which is indicative of the solvency of the bank within the review period declined by 13% to 23.47% from 2022’s CAR figure of 36.93%.
Assets value of the bank as at end-December 2023 amounted to GHS 12.3bn from GHS 10.05bn in 2022.
Accounting for the growth in assets value were increments in the bank’s investment securities (GHS 5.1bn) and loans to customers (GHS 2.3bn).
Growth in assets value was however moderated by a decline in cash and cash equivalents from GHS 3.08bn in 2022 to GHS 2.6bn in 2023.
Liabilities of Access Bank within the review period amounted to GHS 10.9bn from GHS 9.04bn in 2022 driven largely by an increment in customer deposits (GHS 9.1bn).
Recorded profit for the year 2023 by Access Bank stood at GHS 618m, an impressive recovery from the GHS 338m loss recorded in 2022 as a result of the Government’s domestic debt restructuring programme.
