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," Sowah stated.
The Bank of Ghana Adidas NMD Hombre España , which is the regulator of the financialmarket in Ghana, announced Monday the revocation of operatinglicenses of two indigenous banks, 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 Adidas NMD R1 España , GCB Bank(formerly Ghana Commercial Bank), 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 Adidas NMD Human Race España ," 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, is a listed companywith a large Small and Medium Enterprise (SME) customer base.
Sowah assured the general public Adidas NMD R2 España , 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), 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 Adidas NMD XR4 España ,415, 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.
Weekly choices of Xinhua photo
1,400 night view projects lightened up in Xiamen
Rescuers continue search in quake-hit Jiuzhaigou
Annual Bud Billiken Parade held in Chicago
Weekly choices of Xinhua photo (Aug. 5 - Aug. 11)
Highlights of multinational drill in Georgia
People mark national Fitness Day around China
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