<\/p>\n
Africa\u2019s Global Bank, Ghana\u2019s fastest growing Bank in 2021, UBA, has emerged as the best performing bank in terms of deposits for the year 2021.<\/p>\n
The bank recorded a 46% increment in deposits, crossing the GHS4billion mark when the industry average was about 16.7%. The impressive deposit is an expression of satisfaction with the bank\u2019s service by customers<\/p>\n
With strong growth in the deposit base, the Bank is properly positioned to increase its loans and advances to customers and increase the wallet share in loans granted to customers.<\/p>\n
Profit<\/strong><\/p>\n UBA Ghana\u00a0posted a profit before tax of GHS218million in\u00a02021.<\/p>\n A close examination of the bank statement shows that the Bank grew its Net interest income from GHS312million to GHS337million, while net fees and commission also went up by over GHS7million.<\/p>\n Assets<\/strong><\/p>\n The Bank grew its total assets from GHS3.95billion at the close of 2020 to over GHS5.3billion by December 31, 2021, representing a 36% improvement in the asset position of the Bank. The growth in the asset base of the bank was largely driven by additional investments earning assets.<\/p>\n Investment securities within the review period grew from GHS 1.24bn in 2020 to GHS 2.71bn in 2021;<\/p>\n Total liabilities of the bank for the year under review stood at GHS 4.24bn, an increase of GHS 1.28bn from the GHS 2.95bn posted in December 2020.<\/p>\n CAR<\/strong><\/p>\n The bank\u2019s Capital Adequacy Ratio (CAR) witnessed a marginal reduction ending 2021 with a CAR of 22.8% from the previous year\u2019s CAR of 24.4%.<\/p>\n Despite the marginal decline, UBA Ghana\u2019s 22.8% CAR is well above the Bank of Ghana\u2019s 11.5% minimum CAR regulatory requirement.<\/p>\n NPLs RATIO<\/strong><\/p>\n The loan asset quality of UBA Ghana witnessed significant improvement as the bank was able to reduce its non-performing loans (NPL) by 14.9 percentage points. Effective implementation of risk management policies resulted in an improvement of the ratio of the Non-performing loan to 29.4% (from 44.3% at the end of 2020) as of the close of the year.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Africa\u2019s Global Bank, Ghana\u2019s fastest growing Bank in 2021, UBA, has emerged as the best performing bank in terms of deposits for the year 2021. The bank recorded a 46% increment in deposits, crossing the GHS4billion mark when the industry average was about 16.7%. The impressive deposit is an expression of satisfaction with the bank\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":1062818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[557,9097,4548,5551,5318],"class_list":["post-1062817","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank","tag-deposits","tag-emerges","tag-performing","tag-uba"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1062817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1062817"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1062817\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1062817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1062817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1062817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}