Is UT Bank still operating?

Is UT Bank still operating?

On August 14, 2017, the bank of Ghana announced it had revoked its license, together with Capital Bank….UT Bank.

Type Defunct
Industry Financial services
Founded 2009
Headquarters Accra, Ghana
Key people Joseph Nsonamoah Chairman and Co-founder Prince Kofi Amoabeng Co-founder Stephen Antwi-Asimeng CEO

What is the richest bank in Ghana?

GCB Bank Ltd
Overview. GCB Bank Ltd is the largest indigenous financial institution in Ghana with 184 branches. As of December 2018, the bank’s total assets were valued at about GHS9. 7billions+, with shareholders’ equity of approximately GHS:1.3billion+.

What are the top 10 banks in Ghana?

The best 10 banks in Ghana in 2021 are as follows;

  • CAL Bank.
  • Ecobank Ghana.
  • Fidelity Bank of Ghana.
  • GCB- Ghana Commercial Bank.
  • First Atlantic Bank (FAB)
  • Universal Merchant Bank Ghana Ltd.
  • National Investment Bank.
  • Prudential Bank Limited.

Who took over UT Bank in Ghana?

GCB Bank
The Central bank in 2017 approved that the good assets of Capital Bank and UT bank be taken over by GCB Bank while it appointed Vish Ashiagbor of Pwc as receiver to make the most out of the remaining assets.

Which bank in Ghana is best for investment?

Below are 10 of the top investment banks in Ghana at the moment:

  • Databank.
  • Republic Bank.
  • National Investment Bank.
  • EDC Ghana.
  • STANLIB Ghana Limited.
  • First National Bank.
  • Fidelity Bank.
  • Agricultural Development Bank of Ghana.

Which Bank in Ghana is best for investment?

What happened to UT Bank Ghana Limited?

The bank was re-branded as UT Bank Ghana Limited and opened for business in May 2009. In June 2010, UT Bank and UT Financial Services Merged into one new company called UT Bank Ghana Limited. Through a reverse listing on the GSE, the new bank’s shares became listed and those of UT Holdings were de-listed.

What does UT Bank stand for?

In 2008, UT (Unique Trust) Holdings Limited acquired majority shareholding in a Ghanaian commercial bank called BPI Bank. The bank was re-branded as UT Bank Ghana Limited and opened for business in May 2009. In June 2010, UT Bank and UT Financial Services Merged into one new company called UT Bank Ghana Limited.

What is the total assets of United Bank of Ghana?

The bank’s total assets in December 2011 were valued at approximately US$378.4 million (GHS:712.9 million), with shareholders’ equity of approximately US$32.5 million (GHS:61.23 million). In 1997, Joseph Nsonamoa, Prince Kofi Amoabeng co-founded Financial services and then renamed it U nique T rust Financial Services.

Is the bank of Ghana still in business?

As of February 2011 , the bank was one of the commercial banks licensed by Bank of Ghana, the national banking regulator. On August 14, 2017, the bank of Ghana announced it had revoked its license, together with Capital Bank.