{"id":448822,"date":"2017-12-21T01:00:40","date_gmt":"2017-12-21T01:00:40","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/21\/banks-average-base-rates-remain-at-25-7\/"},"modified":"2017-12-21T01:00:40","modified_gmt":"2017-12-21T01:00:40","slug":"banks-average-base-rates-remain-at-25-7","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/21\/banks-average-base-rates-remain-at-25-7\/","title":{"rendered":"Banks\u2019 average base rates remain at 25.7%"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Wednesday, 20 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citifmonline.com<\/p>\n<p>2017-12-20<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/88002897.295.jpg\" alt=\"Bank Of Ghana1\" title=\"Bank Of Ghana1\" width=\"295\" height=\"195\" \/><span class=\"image_caption\"><span>The interest rate at which commercial banks lend to their customers remained unchanged at 25.7%<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1513818040_269_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">The interest rate at which commercial banks lend to their customers remained unchanged at 25.7% in November 2017.<\/p>\n<p>The same figure was recorded in the month of October 2017.<\/p>\n<p>The base rate is the lowest rate at which a bank would lend to its customers.<\/p>\n<p>According to the Bank of Ghana\u2019s Annual Percentage Rates (APR) and Average Interest (AI) report, the Royal Bank tops with its base rate at 35.5.<\/p>\n<p>This is however a reduction from the previously recorded 35.7 percent.<\/p>\n<p>At the second position is Unibank with 34.9 percent base rate.<\/p>\n<p>Premium Bank occupies the third position with a base rate of 33.7 percent.<\/p>\n<p>The fourth and fifth positions are occupied by Sovereign Bank and Omnibank.<\/p>\n<p>Their base rates are 33.3 and 32.4 percent respectively.<\/p>\n<p>At the 6th, 7th, 8th and 9th and positions are National Investment Bank, Heritage Bank, HFC and United Bank for Africa with base rates at 30.4, 30.2 , 28.7 and 27.9 percent.<\/p>\n<p>The tenth position is occupied by Energy Bank and FBN Bank Ghana with a base rate of 27.8 percent.<\/p>\n<p>BSIC, CAL Bank and Bank of Africa placed 11th, 12th and 13th with 27.4, 27.2 and 26.4 percent base rate.<\/p>\n<p>Prudential Bank came in at the 14th position with its percentage on base rate at 26.1 percent.<\/p>\n<p>While Access Bank occupies the 15th position with their percentage on base rate at 26 percent.<\/p>\n<p>Occupying the 16th to 20th positions are Ecobank, First Atlantic Bank, Guaranty, GCB Bank and GN Bank.<\/p>\n<p>Their interest is at 25.9, 25.2, 24.8 , 24.2 and 23.2 percent respectively.<\/p>\n<p>At the 21st position is ADB Bank is 22.9 percent.<\/p>\n<p>Zenith Bank and First National Bank both occupy the 22nd position with a base rate at 21.5 percent.<\/p>\n<p>The 23rd, 24th and 25th positions are Fidelity Bank, Societe General and Barclays Bank with base rates of 21.2, 18.9 and 18.1 percent.<\/p>\n<p>Also, with, 18.0 and 16.2 are Standard Chartered Bank and Stanbic Bank Stanbic Bank, with the 26th and 27th positions.<\/p>\n<p>The 28th position is occupied by Bank of Baroda with a base rate of 15.8 percent.<\/p>\n<p>In all, thirty one banks were surveyed.<\/p>\n<p><!-- uploaded by: 3 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 20 December 2017 Source: citifmonline.com 2017-12-20 The interest rate at which commercial banks lend to their customers remained unchanged at 25.7% The interest rate at which commercial banks lend to their customers remained unchanged at 25.7% in November 2017. The same figure was recorded in the month of October 2017. The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":401389,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-448822","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks\u2019 average base rates remain at 25.7% - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/21\/banks-average-base-rates-remain-at-25-7\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Banks\u2019 average base rates remain at 25.7% - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Wednesday, 20 December 2017 Source: citifmonline.com 2017-12-20 The interest rate at which commercial banks lend to their customers remained unchanged at 25.7% The interest rate at which commercial banks lend to their customers remained unchanged at 25.7% in November 2017. The same figure was recorded in the month of October 2017. 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