The overall worth of secured loans granted by banks and Specialised Deposit Taking Establishments (SDIs) in Quarter 4 (This fall) 2024 was GH¢8.2 billion.
That is relative to the GH¢5.9 billion recorded in Q 4 2023, indicating a rise of 38.9% 12 months -on -year phrases.
Banks accounted for GH¢5.7 billion of the whole worth of secured loans in Q 4 2024, depicting a n improve of 26.7% from GH¢4. 5 billion recorded in Q 4 2023.
However, the whole worth of secured loans recorded by SDIs in This fall 2024 amounted to GH¢2. 5 billion, a rise of 78.6% from GH¢1. 4 billion recorded for a similar interval in 2023.
Distribution of Secured Loans
Banks registered the most important share of the whole worth of secured loans in Q 4 2024, with 69.5%, relative to 76.3% in Q 4 2023.
The share of secured loans by S&Ls elevated to 17. 4% in Q 4 2024 from 13.3% in Q 4 2023. This was adopted by the RCBs with a proportion share of 10. 4% in Q 4 2024 from 6.9% in Q 4 2023.
Equally, the share of secured loans by Microfinance Establishments decreased marginally to 1.4% in This fall 2024 from 1.7% in This fall 2023.
The share of the whole worth of secured loans by Finance Homes decreased marginally to 0.3% from 0.5% in Q 4 2023.
The cumulative share of secured loans from the remaining lending establishments decreased marginally to 1.0percentin This fall 2024 from 1. 2% throughout the identical comparative interval in 2023.
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