HFC bank has denied talks to merge with any bank in order to meet the Bank of Ghana’s minimum capital required to operate. The bank’s comments follows recent media reports that it is in crunch merger talks with CAL bank to meet the central bank’s 60 million cedi stated capital by December this year. In a statement released to JOYBUSINESS by management, HFC says its focus now is to continue with the bank’s second phase capital raising exercise which began some years ago. The bank currently puts its stated capital at 45 million Ghana cedis. It however adds that it is confident of raising the remaining capital from shareholders and reputable investors by June this year.