Group Chief Executive of ECOBANK Arnold Epke has denied that the bank’s acquisition of The Trust Bank (TTB) was just to become a big bank to undertake huge transactions.
Analysts had argued that ECOBANK’s takeover of TTB was just to have a strong balance sheet for its operations.
There were also fears that ECOBANK might neglect some special areas been catered for by TTB.
But the brain behind the Group’s14 acquisitions in Africa, Arnold Epke tells Joy Business they rather wanted to contribute more to the Ghanaian economy.
Mr. Epke reiterated the bank’s commitment not to neglect small businesses as well as lay off any worker of The Trust Bank.
ECOBANK Transnational Incorporated, the parent company of ECOBANK , last year acquired TTB for 220 million Ghana cedis and merged it with ECOBANK Ghana.
The bank is projecting to be the biggest bank in Ghana in terms of profits and assets.
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
-
Ghana Tourism Authority to partner Tribe Culture Festival 2025 in USA
16 minutes -
GPP II implementation committee submits final report to steering committee
32 minutes -
Republic Bank MD shares insights to reduce interest rates
45 minutes -
I make about GH₵30,000 a month from selling CDs of my songs – Wan-O
1 hour -
Republic Bank unveils six-pillar strategy to drive financial inclusion
1 hour -
GHS responds to COVID-19 outbreak at UG
1 hour -
Court fines two fishmongers for receiving stolen tilapia
1 hour -
Asante Kotoko to face Kaizer Chiefs on 2025 Toyota Cup
1 hour -
Is Africa ready for the supply chains war?
1 hour -
There’s a lot to learn from the Russian Federation – John Aggrey
1 hour -
Our mandate is economic transformation – Republic Bank Managing Director
1 hour -
A/R: 15 arrested for illegal mining in major police crackdown
1 hour -
Republic Bank Ghana to double GH₵3bn loan advances with ‘Republic Verse’ initiative
2 hours -
NDC’s push to remove Chief Justice threatens democracy – Miracles Aboagye warns
2 hours -
OSP appeals acquittal of Juaben MCE nominee in alleged bribe case
2 hours