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Shareholders of UT Bank have dispelled claims that continuous investments by the International Finance Corporation (IFC) have diluted their shares and power of ownership of the bank.
The IFC, a member of the World Bank Group, last week invested 15 million dollars in the bank.
The IFC again on Tuesday facilitated an additional capital injection of a 15 million dollars Trade Finance Guarantee Facility to UT Bank.
With these injections, the IFC now has 22% ownership of the bank.
CEO of UT Bank, Prince Kofi Amoabeng, told Joy Business the move rather broadens the scope and strength of the bank.
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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.
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