Overview
The bank rankings were based on the financial statements released by the banks for the first nine (9) months of 2020. The rankings focused on twenty-one (21) banks out of the 23 commercial banks in Ghana, as the financials of OmniBSIC and Prudential were unavailable at the time of the analysis. The rankings emanated from an assessment of the creditworthiness and performance of the banks using the Capital Adequacy, Asset Quality, Management, Earnings and Liquidity (CAMEL) framework. The rankings are from 1 – 5 with 1 being the best and 5 being the worst.
EcoBank Ghana, Standard Chartered Bank and GT Bank were the top three (3) banks with strong performances during the quarter under review. On the other hand, Republic Bank Ghana, Universal Merchant Bank and Agricultural Development Bank were the least ranked banks based on the CAMEL components.
RANKINGS
| BANK | SCORE | RANKING |
| Standard Chartered Bank | 1.75 | 1 |
| Ecobank Ghana | 1.80 | 2 |
| Guaranty Trust Bank | 1.80 | 2 |
| ABSA Ghana | 1.90 | 4 |
| Zenith Bank Ghana | 1.90 | 4 |
| Stancic Bank | 2.10 | 6 |
| Fidelity Bank Ghana | 2.10 | 6 |
| GCB Bank | 2.15 | 8 |
| CAL Bank | 2.40 | 9 |
| Access Bank Ghana | 2.60 | 10 |
| Consolidated Bank Ghana | 2.60 | 10 |
| First National Bank | 2.90 | 12 |
| Société Générale Bank Ghana | 3.10 | 13 |
| United Bank of Africa | 3.10 | 13 |
| First Bank of Nigeria | 3.70 | 15 |
| First Atlantic Bank Ghana | 3.70 | 15 |
| Bank of Africa | 3.80 | 17 |
| Republic Bank Ghana | 3.90 | 18 |
| Universal Merchant Bank | 3.90 | 18 |
| Agricultural Development Bank | 3.90 | 18 |
| OmniBSIC | N/A | N/A |
| Prudential Bank | N/A | N/A |
ABG –Access Bank Ghana, BOA – Bank of Africa, CBG – Consolidated Bank Ghana, EGH – EcoBank Ghana, FABL – First Atlantic Bank Ghana, FBN – First Bank of Nigeria, FID – Fidelity Bank Ghana, FNB – First National Bank, GT – Guaranty Trust Bank, PRUD – Prudential Bank Ghana, RBGH – Republic Bank Ghana, SCB – Standard Chartered Bank, SOGE – Société Générale Bank Ghana, STAN – Stanbic Bank, UBA – United Bank of Africa, UMB – Universal Merchant Bank, ZEN – Zenith Bank Ghana.
Source: Tesah Capital
DISCLAIMER: This is published solely for informational purposes. All expressions of opinion are subject to change without notice. The information is obtained from internal and external sources which NDK Capital Limited considers reliable but has not independently verified such information and does not guarantee that it is accurate or complete.
