Audio By Carbonatix
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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