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GCB Bank has successfully completed the full integration of the systems of the erstwhile UT and Capital banks to offer customers a wide network of some 183 branches across the country. The integration included the consolidation of core banking applications, procedures and processes, the training of staff and the streamlining of the branch network.

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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 has absorbed about seventy (70) percent of the permanent staff of defunct UT and Capital Banks. It follows the completion of the full integration of the systems of the two banks.

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.

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.

GCB Bank records decline in earnings following UT, Capital Banks assumption. The Bank also recorded growth of 58.4 per cent in its total assets, from GH6,075 million in 2016 to GH9,627 million in 2017, a growth in deposits of 63 per cent from GH4,260 million in 2016 to GH6,924 million in 2017. In light of these modest gains and.

In August 2017, the Bank of Ghana, the nation’s central bank, announced that it had approved a Purchase and Assumption transaction with Ghana Commercial Bank Limited (GCB Bank Limited) that transferred all deposits and selected assets of UT Bank and capital bank (ghana) to GCB Bank Ltd.

Revealed – exactly how long it takes to buy a home in the UK Home-buying process – steps to buying a new house or flat. – Stage 2 – Make an offer. Once you’ve found a home you want to buy, the next step is to make an offer, usually through an estate agent. You only pay for an estate agent if you’re selling property. The fees usually range from 0.5% to 3%, plus VAT, of the selling price.

What to know about GCB takeover of UT, Capital Banks The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said.

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