 | |
| Company type | Public company |
|---|---|
| Industry | Financial services |
| Founded | 2009 |
| Defunct | August 14, 2017 |
| Fate | License revoked and taken over |
| Successor | GCB Bank |
| Headquarters | Accra, Ghana |
Key people | Joseph Nsonamoah, chairman and co-founder; Prince Kofi Amoabeng, co-founder; Stephen Antwi-Asimeng, CEO |
| Products | Loans, investments, corporate banking, international banking, commercial banking |
| Revenue |  Aftertax: US$6.93+ million (GHS:13.1 million) (2011) |
| Total assets | US$378.4 million (GHS:712.9 million) (2011) |
UT Bank (UTB), formally known as UT Bank Ghana Limited, was a commercial bank in Ghana until 2017 when its license was revoked by the Bank of Ghana due to severe impairment of their capital and was taken over by GCB Bank.[1]
As of February 2011[update], the bank was one of the commercial banks licensed by Bank of Ghana, the national banking regulator.[2] UTB was a medium-sized financial services provider headquartered in Ghana with subsidiaries in West Africa and Western Europe.[3]
On August 14, 2017, the bank of Ghana announced it had revoked its license, together with Capital Bank. The bank was subsequently taken over by GCB Bank.
- ^ "Prince Kofi Amoabeng's UT Bank Collapses, GCB To Take Over". fnnewsonline.com. Retrieved 2017-09-05.
- ^ List of Licensed Commercial Banks in Ghana
- ^ "Audited 2011 Annual Report" (PDF). 2011.