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.
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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.
Though there are several banks in Ghana who are doing extremely well in various aspect of the business, I would like to share my opinion on why Standard Chartered Bank Ghana (SCB) is the most credible bank in Ghana.
President of the Creative Arts Council, Mark Okraku Mantey has endorsed the action taken by the Nigerian Government to ban five major songs deemed to be offensive for broadcast. Mr Mantey stated that.
UT Bank and Capital Bank started collapsing during John Mahama’s Administration due to the poor management of the economy. From the officials of these two Banks and from the records of Bank of Ghana, UT Bank and Capital Bank were on life support for survival since 2015.
The Ghanaian economy last year recorded a 3.9 percent growth rate. Government is forecast a growth rate of 5.4 percent. However the IMF is looking at a more realistic growth of about 4.5 percent. In a.
Staggering Consumer Debt Nearing Recession Levels RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector trai issues interconnectivity rules; fixes 30-day deadline for operators – The rules will come into effect from February 1, 2018. The regulations will apply to all the service providers offering telecom services in India, Trai said in a statement. "Through these regulations,Household Debt Rises to Pre-Great Recession Levels. Borrowing is back. Although consumer debt declined from its 2008 peak with the onset of the Great Recession, it has been rising steadily since 2014. Credit card, auto loan, and student loan debts have now all reached record levels.
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 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.
Non-QM lending is on the rise, but here’s why it’s not the subprime of the past The financial crisis wasn't caused by subprime lending – Fortune – Subprime Lending; The subprime mortgage crisis wasn’t about subprime mortgages. One is that your chances of being foreclosed upon in the past decade was more a matter of timing than anything.