Business News Fri, 26 Oct 2018

Heritage Bank, 30 others in good standing

The Bank of Ghana (BoG) has released a list of 31 banks in good standing in the country.

The central bank believes the list of banks in good standing would help restore customers’ confidence in the banking and financial sector.

The BoG has so far dissolved some struggling local banks. The Royal Bank, Sovereign Bank, The Construction Bank, uniBank and Beige Bank were dissolved and fused to form the Consolidated Bank Ghana Limited.

Before that, the central bank had collapsed UT Bank and Capital Bank for being illiquid and deficient in capital.

Find below the list of banks in good standings as of August 2018:

1. Access Bank (Ghana) Limited

2. ADB Bank Limited

3. Bank of Africa, Ghana Ltd

4. Bank of Baroda (Ghana) Limited

5. Banque Sahélo-Saharienne pour I’Investissement et le Commerce BSIC (Ghana) Limited

6. Barclays Bank of Ghana Ltd.

7. CAL Bank Limited

8. Consolidated Bank Ghana Limited

9. Ecobank Ghana Limited

12. Fidelity Bank Limited

13. First Atlantic Bank Ltd

14. First National Bank (Ghana) Ltd

15. GCB Bank Limited

16. GN Bank Limited

17. Guaranty Trust Bank (Ghana) Limited

18. Republic Bank (Ghana) Ltd

19. National Investment Bank Ltd

20. Prudential Bank Limited

21. Societe General (Ghana) Limited

22. Stanbic Bank Ghana Ltd

23. Standard Chartered Bank (Ghana) Limited

24. United Bank for Africa (Ghana) Ltd.

25. Universal Merchant Bank Ltd

26. Zenith Bank (Ghana) Limited

27. Premium Bank Ltd

28. OmniBank Ghana Limited

29. Heritage Bank Limited

30. GHL Bank Limited

31. ARB Apex Bank Ltd

Source: classfmonline.com
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