Bank lending and interest rates – October 2017

Banks Average Interest Rate (%) Average Lending Rate (%)
Access Bank 10 26.1
ADB Bank 6.3 22.9
Bank of Africa 16.1 26.4
Bank of Baroda 16.1 15.1
BSIC 8.9 27.2
Barclays Bank 12.4 18.1
CAL Bank 9 27.2
Ecobank 9.6 25.9
Energy Bank 5.6 27.7
First Atlantic Bank 9.1 24.6
FBN Bank Ghana 9.4 27.9
Fidelity Bank 10.1 21.3
First National Bank 11.7 21.5
GCB Bank 8.7 25
GN Bank 13.3 22.3
Guaranty Trust Bank 7.3 24.8
Heritage Bank 7.7 30.2
HFC Bank 9.9 28.9
National Investment Bank 11.4 30.4
OmniBank 14.7 30.4
Premium Bank 13.6 33.5
Prudential Bank 10.5 26.3
Sovereign bank 12.2 33.7
Standard Chartered Bank 4.9 17.8
Societe Generale Bank 9.2 18.9
Stanbic bank 8.9 18.6
The Royal Bank 14.5 33
United Bank for Africa 10.6 27.9
Universal Merchant Bank 7.1 26.2
Unibank 13.4 35.7
Zenith Bank 11.6 21.8
INDUSTRY AVERAGE 10.4 25.7

Data: Bank of Ghana

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Jerome Kuseh

Accountant | Economist-in-Training | Finance Blogger
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