UT Bank says the decision to dispose of a 20 percent stake in the bank to a strategic investor is one of the options it is considering to recapitalize the business. According to the bank, the move is to ensure that it meets the 60 million dollars capital required of banks of its stature by 2012 as well as explore other opportunities in the industry. The Chief Executive of UT Holdings was last week quoted by the Reuters News Agency as saying that it is considering selling a 20 percent stake to an international bank to provide long term capital. But the CEO told Joy Business the interests of shareholders will be paramount in whatever decision it finally takes. “We are not going to be dictated to, we know what we are about, this is an indigenous company grown from the grassroots to its current position so we are not going to dish [out] the shares and run off.” He added that the announcement had already attracted some interesting suitors. The UT boss was speaking to Joy Business when the group presented checks worth forty thousand Ghana cedis to various charity groups. Source: Joy Business/Ghana