• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Access Bank grows assets by GHS 3.8bn YoY

3 years ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
73
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Access Bank grows assets by GHS 3.8bn YoY

Access Bank Ghana for the period between Q3 2021 and Q3 2022 (year-on-year basis), grew its total assets value by GHS 3.8bn.

A careful examination of the bank’s Q3 2022 Financial Statements, reveals that the bank for the review period grew its total assets value from GHS 6.77bn in Q3 2021 to GHS 10.61bn in Q3 2022.

Mainly accounting for the surge in the bank’s total assets value were its investment securities and cash and cash equivalents.

Per the Q3 2022 Financial Statement of the bank, value of investment securities rose from GHS 2.50bn in Q3 2021 to GHS 5.15bn in Q3 2022.

Value of Access Bank’s cash and cash equivalents also rose from GHS 1.20bn to GHS 2.21bn within the review period.

Liabilities of the bank driven mainly by deposits from customers, grew from GHS 5.50bn to GHS 9.17bn in Q3 2021 and Q3 2022 respectively.

RelatedPosts

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

Deposits from customers within the review period increased by over GHS 1.61bn hitting GHS 5.91bn at end-Q3 2022 from the previous figure GHS 4.29bn at end-Q3 2021.

Recorded profit for the review period remained almost the same as posted profit for Q3 2022 was GHS 214m, marginally above the GHS 213m profit recorded for Q3 2021.

Asset quality of Access Bank, witnessed significant improvement within the review period as the bank’s non-performing loans declined drastically from 12.99% to 3.08%.

The decline in the bank’s non-performing loans indicates robust loan recovery methods being used by the bank.

However, Capital Adequacy Ratio (CAR) of Access Bank within the review period declined from 30.41% to 23.30%.

Despite the drop in CAR, the bank’s 23.30% CAR remains well above the 13% minimum CAR required by the Central Bank of Ghana (BoG).

Tags: Access BankAccess Bank grows assets by GHS 3.8bn YoY
No Result
View All Result

Highlights

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

President Mahama Secures Infrastructure, Technology, and Agriculture Deals on Japan Visit

Mida Pledges Alignment With US Strategic Shift On Millennium Challenge Corporation

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

Trending

Features

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

August 25, 2025

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers As anticipation builds for the...

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

August 25, 2025

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

August 25, 2025

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

August 25, 2025

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

August 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.