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This Is What You Must Know After UT And Capital Banks Collapsed

Kuulpeeps! Serious matter come but do not panic…

We know some of you have been saving your money at Prince Kofi Amoabeng’s UT Bank and Capital Bank.

From 1pm today, you will automatically become the customer of GCB. This is because UT Bank and Capital Bank have collapsed.

A statement from the Bank of Ghana said it has “approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd’.

The Licenses of UT Bank Ltd and Capital Bank Ltd have been revoked due to severe impairment of their capital.

The main offices of UT Bank and Capital Bank will be under the control of GCB bank and will be opened at 1pm today for normal business transactions.

“The Bank of Ghana assures the public that all customers can continue normal banking business at all UT Bank and Capital Bank facilities which are now branches of GCB bank”, the Bank of Ghana statement said.

It also reassured customers of UT Bank and Capital Bank that their money is safe and they can continue to do business at their respective branches which are now the branches of GCB Bank.

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