PwC to take 'legal action' against loan defaulters of defunct UT, Capital Banks

Price Water House Coopers (PwC) has hinted of possible “legal action” to help recover outstanding loans secured from defunct UT and Capital Banks. 

Societe Generale sells South African unit to ABSA

French bank Societe Generale said on Friday it agreed to sell its South African unit offering custody, trustee and clearing services to South Africa-listed bank ABSA as part of a strategy to review its scope of businesses.

Moody’s lauds banking sector reforms

International rating agency Moody’s has lauded the Bank of Ghana (BoG) for carrying out much-needed banking sector reforms within the specified time.

Latest Stories From Banking
Databank denies dealing in gold

Databank Financial Services has said claims that it has started dealing in gold collectibles following the collapse of Menzgold Ghana Limited are false.

Posted: 5 days ago   Views: 4486
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Ghana's banking sector consolidation trend is credit positive – Moody’s

Ratings Agency, Moody’s says Ghana’s banking sector consolidation trend is credit positive.

Posted: 7 days ago   Views: 4401
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Frontclear, Fidelity and Societe Generale complete $40m transaction

Frontclear, Fidelity Bank Ghana and Societe Generale completed a $40 million cross-currency total return swap transaction.

Posted: 7 days ago   Views: 6104
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BoG should have been more strategic in banking sector clean-up - Lecturer

Prof. Osei Assibey has criticised the central bank's decision to set minimum capital of GH¢400m for all banks in the country notwithstanding their size.

Posted: 8 days ago   Views: 5568
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NIB qualification for bail-out despite 3-yr unaudited account questioned

Government has been criticised for lack of fairness in its selection of banks for a bail-out after they failed to raise the new GHS400 million capital requirement.

Posted: 9 days ago   Views: 14673
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Workers of Heritage, Premium Banks given three-month contract

The receiver of collapsed Heritage and Premiums banks, Vish Ashiagbor of PricewaterhouseCoopers (PwC), has terminated the employment contracts of workers of the two erstwhile banks.

Posted: 10 days ago   Views: 7108
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The World Bank and IMF are necessary evils - Sierra Leone president

Marching towards the dais for a town hall meeting with his fellow Sierra Leonians in Brussels, President Julius Maada Bio’s military gait is unmistakeable.

Posted: 10 days ago   Views: 4126
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Banks write-off GH¢1.1 billion as bad debt

Banks operating in Ghana wrote off a total amount GH¢1.1 billion in the first 10 months of this 2018 as bad debt.

Posted: 10 days ago   Views: 4269
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First Atlantic Bank exceeds BoG's minimum capital requirement

First Atlantic Bank says it has exceeded the GHc400 million minimum capital requirement by the Bank of Ghana.

Posted: 12 days ago   Views: 5237
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VIDEO: Exclusive interview with BoG’s Elsie Awadzi

Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has disclosed that the Central Bank is prepared to waive its second position for the sake of the workers of defunct UT and Capital Banks so that they get some benefits paid to them instead of waiting longer at fifth position.

Posted: 12 days ago   Views: 3490
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