{"id":344684,"date":"2017-08-14T10:46:23","date_gmt":"2017-08-14T10:46:23","guid":{"rendered":"http:\/\/citifmonline.com\/?p=344684"},"modified":"2017-08-14T10:46:23","modified_gmt":"2017-08-14T10:46:23","slug":"gcb-rebrands-ut-head-office","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=344684","title":{"rendered":"GCB rebrands UT head office"},"content":{"rendered":"<p>The rebranding of one of the two collapsed Ghanaian-owned banks, UT Bank, which has been taken over by GCB Bank, has started barely hours after the Bank of Ghana&#8217;s announcement.<\/p>\n<p><strong>Citi News\u2019<\/strong> Anita Arthur reported from the headquarters of UT bank at Airport that the bank\u2019s logo on the building has been replaced with that of GCB bank.<\/p>\n<p>She also added that UT bank flag hoisted at the premises of the head office has also been replaced with that of GCB bank.<\/p>\n<p>The workers of the UT bank were earlier in the morning of Monday prevented from accessing the facility but were later given the chance into the building.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-344704\" src=\"http:\/\/citifmonline.com\/wp-content\/uploads\/2017\/08\/49e4a3ec-f5f4-423e-9d58-18bf511c8811-1024x768.jpg\" alt=\"49e4a3ec-f5f4-423e-9d58-18bf511c8811\" width=\"620\" height=\"465\" \/><\/p>\n<p><strong>UT, Capital Bank collapse; GCB to the rescue<\/strong><\/p>\n<p>BoG on Monday gave GCB Bank Ltd the green light to <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/citibusinessnews.com\/index.php\/2017\/08\/14\/ut-capital-bank-collapse-gcb-to-the-rescue\/\"><strong>acquire UT and Capital banks<\/strong><\/a><\/span>.<\/p>\n<p>A statement from the central bank and copied to <strong>Citi Business News<\/strong> said, \u2018The Bank of Ghana 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\u2019.<\/p>\n<p>BoG also revoked the licenses of the two bank saying \u201cthis action has become necessary due to severe impairment of their capital.&#8221;<\/p>\n<p>The Ghana Stock Exchange (GSE) has <span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/citifmonline.com\/2017\/08\/14\/stock-exchange-suspends-ut-bank\/\"><strong>suspended<\/strong><\/a><\/span> the listing status of UT Bank following its collapse and subsequent takeover by Ghana Commercial Bank.<\/p>\n<p>The latest development is said to be part of moves by government through the BoG to restructure the banking industry.<\/p>\n<p>&#8211;<\/p>\n<p>By: Godwin Akweiteh Allotey\/citifmonline.com\/Ghana<br \/>\n<a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/AlloteyGodwin\" data-show-count=\"false\">Follow @AlloteyGodwin<\/a><br \/>\n<script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rebranding of one of the two collapsed Ghanaian-owned banks, UT Bank, which has been taken over by GCB Bank, has started barely hours after the Bank of Ghana&#8217;s announcement. Citi News\u2019 Anita Arthur reported from the headquarters of UT bank at Airport that the bank\u2019s logo on the building has been replaced with that [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[10,11],"tags":[10175,10178,3,10177],"class_list":["post-344684","post","type-post","status-publish","format-standard","hentry","category-slider-1","category-top-stories","tag-capital-bank","tag-ghana-banks-news","tag-ghana-news","tag-ut-bank"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/344684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=344684"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/344684\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=344684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=344684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=344684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}