About Business
UT Bank Ghana Limited
UT Bank Ghana Limited, commonly known as UT Bank (UTB), was a commercial bank in Ghana. As of February 2011, the bank was one of the commercial banks licensed by the Bank of Ghana, the national banking regulator. On August 14, 2017, the bank of Ghana announced it had revoked its license, together with Capital Bank. The bank was taken over subsequently by GCB Bank.
UTB was a medium-sized financial services provider headquartered in Ghana with subsidiaries in West Africa and Western Europe. The bank’s total assets in December 2011 were valued at approximately US$378.4 million (GHS:712.9 million), with shareholders’ equity of approximately US$32.5 million (GHS:61.23 million).
| Type | Defunct |
|---|---|
Traded as | GSE: UTB |
| Industry | Financial services |
| Founded | 2009 |
| Headquarters | Accra, Ghana |
Key people | Joseph Nsonamoah Chairman and Co-founder Prince Kofi Amoabeng Co-founder Stephen Antwi-Asimeng CEO |
| Products | Loans, Investments Corporate Banking, International Banking, Commercial Banking |
| Revenue |  Aftertax: US$6.93+ million (GHS:13.1 MILLION) (2011) |
| Total assets | US$378.4 million (GHS:712.9 million) (2011) |
| Owner | Ghanaian & International Investors |
