• 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

RCBs grow assets value by 21.5% yoy

4 years ago
in Banking & Finance, Business, Editor's pick, highlights, Home, home-news, latest News
1 min read
0 0
0
99
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RCBs grow assets value by 21.5% yoy

Rural Community Banks (RCBs) in the country for the period between May 2020 and May 2021, grew their assets by 21.5 percentage points.

Assets of RCBs recorded at end-May 2021 was valued at Ghs 6.5 billion marking a 1.5 per cent growth from the end-Q1 2021 total assets value of Ghs 6.4 billion.

Per the May 2021 Quarterly Bulletin report released by the Bank of Ghana (BoG), total assets of RCBs at end-May 2020 stood at Ghs 5.1 billion.

Despite the astronomical growth in assets for the period under review, total assets of RCBs constituted only 3.99 per cent of the total assets of the banking system which stood at Ghs 162.9 million at end-May 2021.

Read: Government to pay Ghs 800 million debt owed road contractors

In terms of deposits made, RCBs for the period under review witnessed an increase in deposits mobilisation.

RelatedPosts

Chamber of Mines Warns Mining Act Reforms Could Weaken Ghana’s Investment Appeal

Gold Price Hits Record High as Investors Seek Safety

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

Total deposits of RCBs increased by 24.5 percent year-on-year to Ghs 5.68 billion at the end-May 2021 from the Ghs 4.29 billion recorded for end-May 2020.

Deposits mobilised by RCBs at the end of May 2021 constituted 5.15 percent of the Ghs 110.3 billion total deposits of the banking system.

Loans and advances made by RCBs by the end of May 2021, stood at Ghs 1.87 billion indicating a rise of 2.96 percent from the Ghs 1.57 billion recorded at the end of May 2020.

Source: norvanreports
Tags: grew their assets by 21.5 percentage points.May 2021 Quarterly Bulletin report released by the Bank of Ghana (BoG)RCBs grow assets value by 21.5% yoyRural Community Banks (RCBS)Rural Community Banks (RCBs) in the country for the period between May 2020 and May 2021
No Result
View All Result

Highlights

Chinese Firm Faces $420 Million Zambia Mine Spill Damages Claims

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

Trending

Business

Chamber of Mines Warns Mining Act Reforms Could Weaken Ghana’s Investment Appeal

September 2, 2025

Chamber of Mines Warns Mining Act Reforms Could Weaken Ghana’s Investment Appeal Ghana’s mining sector, long the...

Gold Price Hits Record High as Investors Seek Safety

September 2, 2025

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

September 2, 2025

Chinese Firm Faces $420 Million Zambia Mine Spill Damages Claims

September 2, 2025

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

September 2, 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.