Information available to Citi Business News indicates that GN Bank and Premium Bank have recommenced merger talks.
The two banks are seeking to merge before the end of the year.
This is also to allow them meet the December deadline for the new 400 million cedis minimum capital requirement.
The two companies are likely to finalize the deal by next weekend.
The Bank of Ghana has given preliminary approval as the banks talk to a third investor who will pump in more working capital.
The investor is said to be a foreign entity and is not a bank.
It is unclear when this agreement started as there has been a botched agreement of a merger among GN Bank, Premium and Sahel Sahara bank.
GN Bank is an indigenous private Ghanaian owned commercial bank with over 260 locations across the country.
Premium Bank secured the Bank of Ghana’s approval to commence business as a bank on 20th April 2016. It operates two banking branches: the Accra Main, and Takoradi branches with the Head Office in Osu.
Presently, Omnibank and Sahel Sahara bank are in their merger processes which should see them meet the minimum capital requirement.
Already, the Bank of Ghana has indicated that about twenty banks have met the minimum capital requirement.
… [Trackback]
[…] Info on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Read More Information here to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Read More here on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Read More to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] There you can find 18868 additional Info to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More Info here on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] There you can find 11795 additional Information to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More Information here on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Here you will find 74606 more Info on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Info to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More Info here on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Read More on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
This is an important explanationunreasonable
… [Trackback]
[…] Find More to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More Info here on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Information to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Read More Information here to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Info to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Find More Info here to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Information on that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]
… [Trackback]
[…] Read More to that Topic: newscencord.org/gn-bank-premium-bank-in-merger-talks-again/ […]