What you need to know about GCB’s acquisition of UT Bank/Capital Bank

The GCB Bank Ltd has taken over the control of UT Bank and Capital Bank, a Press statement from the Bank of Ghana said Monday.

This follows the BoG’s approval of a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.

This is all you need to know about the acquisition.