The process to merge the operations of UT Financial Services and UT bank under a new name UT bank has been finalized. This follows the symbolic acquisition of UT Bank with 91 million UT Financial Services shares. Shareholders of UTFS in March gave the nod for the two companies to be merged awaiting the necessary regulatory approval. Speaking to Joy Business at the formal listing of the new entity on the Stock Exchange, Chief Executive of UT Holdings, Prince Kofi Amoabeng said the bank is now poised to move into new areas. “As UTFSL even though we were doing well we were limited by scope, we could only do loans, borrow and lend. Now as a bank, the plat form is widened we can do all the banking services,” he added. Source: Joy Business/Myjoyonline.com/Ghana