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Posted: Mon May 07, 2018 2:41 am
|ACCRA Aug. 15 (Xinhua) -- Management of GCB Bank Adnan Januzaj Belgien Trikot , Ghana'slargest local bank, pledged protection here on Tuesday fordepositors of two collapsed commercial banks after taking overtheir assets.
Managing Director of GCB Bank, Anselm Ray Sowah told the mediathat the bank was capable of managing the new challenge.
"We appreciate the confidence reposed in GCB by the regulator tomanage the funds of the depositors of those two banks withoutimpacting negatively on the financial sector. I take thisopportunity to welcome the employees of these two institutions intothe GCB family Christian Kabasele Belgien Trikot ," Sowah stated.
The Bank of Ghana, which is the regulator of the financialmarket in Ghana, announced Monday the revocation of operatinglicenses of two indigenous banks Laurent Ciman Belgien Trikot , UT Bank and Capital Bank, whichwere described as severely insolvent and unable to meet theirobligations to customers.
The central bank added it had entered into a Purchase andAssumption transaction allowing the largest state bank, GCB Bank(formerly Ghana Commercial Bank) Nacer Chadli Belgien Trikot , to take over all depositliabilities and selected assets of both UT Bank and CapitalBank.
"I am very pleased to report on the swift and smooth exercisewhich occurred at all the 53 branches upon the take-over. Day one,which would have been the biggest challenge, was very well-managedby all staff Laurent Depoitre Belgien Trikot ," Sowah told the media.
"Our branches opened as planned to serve customers. It is a signof excellent things to come and we promise to make a markeddifference in customer service experience going forward," Sowahsaid.
One of the two insolvent banks, UT Bank Dedryck Boyata Belgien Trikot , is a listed companywith a large Small and Medium Enterprise (SME) customer base.
Sowah assured the general public, especially the SME andcorporate customers of the preparedness of GCB Bank to continueproviding them with excellent service.
He however noted that a skills assessment would be carried outin due course to determine which employees of the two institutionswould be retained or laid off. Enditem
BEIJING, Aug. 13 (Xinhua) -- China's National Equities Exchange and Quotation (NEEQ) Mousa Dembele Belgien Trikot , also known as the "new third board," saw 115 new small and medium-sized enterprises debut in the past week.
The newcomers brought the total number of companies on the board to 11,415 Thorgan Hazard Belgien Trikot , according to data from the NEEQ.
Turnover on the board stood at 3.2 billion yuan (about 481 million U.S. dollars) last week, down 12.77 percent from the previous week.
NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges in serving small and medium-sized enterprises.
It is seen as an easy financing channel for small businesses with low costs and simple listing procedures.
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