• 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

First National Bank Ghana grows assets value to GHS 3.5bn in Q1 2023

2 years ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
153
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

First National Bank Ghana grows assets value to GHS 3.5bn in Q1 2023

The financial statement of First National Bank Ghana for Q1 2023 shows a net loss of GHS 7.8m, which is a decline from the GHS 4m profit recorded in the same period last year.

The bank’s assets, driven by an increase in cash and cash equivalents (GHS 1bn), rose to GHS 3.5bn from GHS 2.6bn in Q1 2022.

The total liabilities also increased to GHS 3.2bn in Q1 2023 from GHS 2.1bn in Q1 2022, with deposits from customers increasing to GHS 2.3bn, indicating an increase in loanable funds and interest income.

However, the bank’s Capital Adequacy Ratio (CAR) fell significantly from 37.24% to 18.57%, which is a cause for concern.

The CAR is an important indicator of a bank’s financial strength and ability to absorb unexpected losses. A lower CAR suggests that the bank may not have enough capital to cover its potential losses.

Furthermore, the loan asset quality of the bank deteriorated as its non-performing loans rose from 5.01% to 8.52%.

RelatedPosts

GSE Rallies as Composite Index Crosses 7,000 Points; Trade Volume Surges Over 468%

COCOBOD Rules out Syndicated Loan for 2025/2026 Crop Season Amid Global Cocoa Shortage

Fitch Solutions Projects Cedi Stability Through 2025-2026, Cautions on Gold Price Risks

Non-performing loans are loans that are in default or are close to being in default. A higher percentage of non-performing loans indicates that the bank is at a higher risk of incurring losses from its loan portfolio.

Overall, the financial statement of First National Bank Ghana for Q1 2023 shows a mixed picture with an increase in assets and deposits, but a decline in profitability and a significant drop in its CAR, coupled with a deterioration in its loan asset quality.

Tags: First National Bank GhanaFirst National Bank Ghana grows assets value to GHS 3.5bn in Q1 2023
No Result
View All Result

Highlights

BoG Policy Rate Cut to 25%: Details of the 6-0 Vote Decision by MPC Members

Non-Interest Banking & Finance: A Profitable Path by Bank of Ghana

CHAN2024: Algeria Dominates Uganda, While Guinea Edges Past Niger Group Openers

Ferrari Boss Defends Hamilton Amidst Frustration After Hungarian Grand Prix

CID Establishes Task Force to Combat Influx of Stolen Vehicles into Ghana

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

Trending

Business

GSE Rallies as Composite Index Crosses 7,000 Points; Trade Volume Surges Over 468%

August 5, 2025

GSE Rallies as Composite Index Crosses 7,000 Points; Trade Volume Surges Over 468% The Ghana Stock Exchange...

COCOBOD Rules out Syndicated Loan for 2025/2026 Crop Season Amid Global Cocoa Shortage

August 5, 2025

Fitch Solutions Projects Cedi Stability Through 2025-2026, Cautions on Gold Price Risks

August 5, 2025
Bank of Ghana

BoG Policy Rate Cut to 25%: Details of the 6-0 Vote Decision by MPC Members

August 5, 2025

Non-Interest Banking & Finance: A Profitable Path by Bank of Ghana

August 5, 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.