{"id":189193,"date":"2016-02-12T11:30:21","date_gmt":"2016-02-12T11:30:21","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=189193"},"modified":"2016-02-12T11:30:21","modified_gmt":"2016-02-12T11:30:21","slug":"high-non-performing-loans-to-affect-lending-to-private-sector-in-2016-alhassan-andani","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/02\/high-non-performing-loans-to-affect-lending-to-private-sector-in-2016-alhassan-andani\/","title":{"rendered":"High non-performing loans to affect lending to private sector in 2016"},"content":{"rendered":"<p style=\"text-align: justify;\">The Chief Executive of Stanbic bank, Alhassan Andani, has indicated to <strong>Citi Business News<\/strong> lending to the private sector by most commercial banks this year, will be adversely affected due to the increase in non-performing loans.<\/p>\n<p style=\"text-align: justify;\">A report released by the Bank of Ghana late 2015, revealed that non performing loans accounted for by local companies increased from in 93.1 percent as at September 2014 to 97.4 percent for the same period in 2015.<\/p>\n<p style=\"text-align: justify;\">[contextly_sidebar id=&#8221;epzLqOFZt53zZh7EvCP38DwJN1bpnQsY&#8221;]A development, some industry watchers fear will impact on the cash flows of commercial banks hence their ability to lend this year.<\/p>\n<p style=\"text-align: justify;\">Although Alhassan Andani believes the situation could be triggered by some economic factors, he tells <strong>Citi Business News,<\/strong> banks will be confronted with a challenge of granting credit.<\/p>\n<p style=\"text-align: justify;\">\u201cIf you have a decent credit management culture you should be able to reduce the incidence of non-performing loans, but there are some NPLs induced by the economy and therefore when foreign exchange depreciates year on year by about 30 percent, the cost that passes through makes it difficult to bear,\u201d He noted.<\/p>\n<p style=\"text-align: justify;\">Mr. Andani added, \u201cI haven\u2019t seen the statistics yet but every bank will have its own balance sheet which puts all those categorized into performing and non-performing; they are published figures and therefore it will certainly impact banks at different levels.\u201d<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">By: Pius Amihere Eduku\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chief Executive of Stanbic bank, Alhassan Andani, has indicated to Citi Business News lending to the private sector by most commercial banks this year, will be adversely affected due to the increase in non-performing loans. A report released by the Bank of Ghana late 2015, revealed that non performing loans accounted for by local [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High non-performing loans to affect lending to private sector in 2016 - Citi 97.3 FM - Relevant Radio. 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