GCB Bank lost GHȼ1bn in 4 months after absorbing UT, Capital banks

Banks; Rural Banks; Licensed Savings and Loans Companies; Forex Bureaux;. Frequently Asked Questions – GCB Bank Takes Over UT Bank and capital bank: monday, 14 August 2017 07:50 Download the full text in PDF . About the Bank. Photo Gallery; About Us;

According to the central bank the main offices and branches of UT Bank and Capital Bank will be under the control of GCB bank and will be opened at 1pm today for normal business transactions. The takeover of two banks, at the same time, will be the first and biggest in the history of the banking industry in Ghana.

Choose from the best vacation destinations in the world. Travel Guides and Vacation Rankings | U.S. News travelgcb bank lost gh1bn in 4 months after absorbing UT, Capital banks GCB BANK TAKES OVER UT BANK AND capital bank frequently asked questions Q. Why has the Bank of Ghana decided to revoke the licenses of UT Bank and Capital Bank? A.

The latest round of violence in the Konkomba-dominated district, where Chokosis remain the minority, marked the third of such incidents in the past five months. Two persons died. observed the.

The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said. The development is in line Section 123 of the new Banking Act, which states that when a bank is in distress, the Bank of Ghana revokes their license, appoints a receiver and then look for a buyer.

GCB’s acquisition of Capital and UT banks was strategic – Management.. Mr Sowah said although the bank would absorb staff of the two banks, it would cut down their numbers to meet the.

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