
Audio By Carbonatix
The merger of the Trust Bank and Merchant Bank will take place despite the huge controversy that earlier dogged negotiations over it.The Managing Director of the Trust Bank, Isaac Owusu Hemeng, told Joy Business the merger of the two banks would come off before the end of the year despite the obvious opposition to the deal.“By the end of the year, you should see a new bank,” Mr Hemeng stressed.The merger was scheduled to be consummated by June this year but that couldn’t take place due to some strong opposition from the workers of merchant bank and other interest groups.Despite the opposition stirring in the face of the propose merger, Mr. Owusu- Hemenng told Joy Business the two banks will become one within the next 6 months.
“The merger is on course because we have the full backing of the majority shareholder and as far as we are concerned, from our side, all the minority shareholders are in full support,” he said.He was upbeat about a better post-merger performance.“If the merger goes through you are going to see a new bank, a major domestic player,” he said.He indicated that the merger is only a phase in a series of transformation programmes to be introduced into the “banking landscape.”Source: Joy Business/Myjoyonline.com
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Drone strike hits wedding celebration in Sudan, killing at least 30 people
5 minutes -
UEW Public Lecture Series 2026: We’re preparing children for a past that no longer exists — Dr Ibn Chambas warns
11 minutes -
AMA to begin night enforcement against unscreened food vendors
12 minutes -
Nkawie Circuit Court remands 30-year-old mason over Mpasatia shop break-in
14 minutes -
Fintechs’ collaboration no longer optional – MMFL CFO
15 minutes -
KMA to prohibit other assemblies from accessing Oti landfill site over looming sanitation crisis
18 minutes -
GTA supported A Plus’ Gomoa Easter Carnival – Abeiku Aggrey
18 minutes -
GRA to tighten controls on importation of right-hand drive vehicles
36 minutes -
You can’t leave a bigger legacy than Petroleum Hub project – Western Regional Chiefs tell President Mahama
38 minutes -
Lawra MP cuts sod for GH₵11m multipurpose dining hall construction at Birifoh SHS
39 minutes -
Ghana defend African Schools Football Championship title after shootout win over Burkina Faso
43 minutes -
Ghana’s education system must evolve or risk becoming irrelevant – Patricia Obo-Nai warns
50 minutes -
Ghana Health Service responds to dead fish incident at Tema Port
1 hour -
David Vondee lauds Mahama for emergency Cabinet meeting and key resolutions
1 hour -
Universities should focus on churning out impactful graduates rather than merely adding new programmes — UEW VC
1 hour