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

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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Yen.com.gh News GCB bank few months after taken over from UT and capital banks are set to send home over 700 workers of the two defunct banks. According to a report put up by s GCB bank few months after taken over from UT and capital banks are set to send home over 700 workers of the two defunct banks.

In August the licenses of the UT and Capital Banks were revoked by the Bank of Ghana, with both banks being subsequently taken over by the gcb bank due to severe impairment of their capitals. A statement from the Central Bank said the takeover had become necessary because the aforementioned banks could no longer be trusted to take charge of monies from the public.

GCB Bank Records Decline In Earnings After UT/Capital Bank Assumption By GNA The GCB Bank Limited has recorded a decline in its earnings for the 2017 financial year following its purchase and assumption of UT Bank Limited and Capital Bank Limited in the year under review.

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ADVERTISEMENT relatedposts man utd midfielder travels with squad for pre-season tour 07/07/2019 kasapreko launches alomo@20; customers to win exciting prizes 07/07/2019 K-BALM, Asky Airlines and others offer support to Golden Arms 07/07/2019 The GCB Bank lost almost half of the deposits it inherited from the UT Bank and the Capital Bank to.

The GCB Bank lost almost half of the deposits it inherited from the UT Bank and the Capital Bank to panic withdrawals, four months after absorbing all the liabilities and selected assets of the collapsed banks, its Deputy Managing Director in charge of Finance, Socrates Affram, has disclosed.