[See FULL List] 16 Banks meet Capital DEADLINE; 6 seek support, 2 merging, 1 Takeover and 3 ‘condemned’

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After the deadline for capitalization for the Banks elapsed, the Bank of Ghana has filed a report on the state of the banks as at 31st December 2018.

Only 16 banks have met the minimum capital requirements, 6 banks are seeking support, 2 are merging, 1 takeover and 3 “dead news”. The facts were first obtained by Graphic.com.gh.

It will be recalled that the indigenous banks appealed for an extension of the deadline to meeting the minimum capital requirement.

They petitioned the President over the matter seeking that the date be extended to 2022 but the President did not intervene.

Below is the list of banks and their status as far as the recapitalisation is concerned

List of successfully recapitalised banks

1. Access Bank Ghana Limited

2. Barclays Bank Ghana Limited

3. CAL Bank Limited

4. Consolidated Bank

5. Ecobank Ghana Limited

6. FBNBank Ghana Limited

7. Fidelity Bank Limited

8. First National Bank Ghana Limited (FNB)

9. Republic Bank Ghana Limited

10. GCB Bank Limited

11. Guaranty Trust Bank Ghana Limited (GTBank)

12. Society Generale Ghana Limited

13. Stanbic Bank Ghana Limited

14. Standard Chartered Bank Ghana

15. United Bank for Africa Ghana Limited (UBA)

16. Zenith Bank Ghana Limited

Not recapitalised but being supported

17. ADB Bank

18. National Investment Bank (NIB)

19. Prudential Bank

20. Universal Merchant Bank Limited (UMB)

21. Heritage Bank Limited

22. OmniBank Limited

Ongoing mergers

23. Energy Commercial Bank Ghana Limited and First Atlantic Bank Limited

24. OmniBank and Sahel Sahara Bank

Ongoing takeovers

First National Bank Ghana Limited (FNB) takes over GHL Bank

Voluntary liquidation

Bank of Baroda (customers absorbed seamlessly by Stanbic Bank Ghana Limited)

Not recapitalised but no credible news yet

25. Bank of Africa Ghana (BoA) Limited

26. GN Bank Limited

27. Premium Bank Limited

 

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