16 May 2012

Ghana: Future of UT Bank Bright

Mr. Prince Amoabeng, Chief Executive Officer of UT Bank has assured the Bank's customers and shareholders that the Bank is on course to achieving its vision of redefining banking. He said it takes much more strength and dedication but he promised the Board and staff that the Bank will deliver to meet their expectations.

Speaking at the Bank's Annual General Meeting in Accra, Mr. Amoabeng told shareholders that the Bank had overcome the challenges associated with its merger and had therefore transitioned into a fully-fledged Bank.

He said this would not have been possible without the acquisition and implementation of new banking software, intensive training on new processes and products, including reinforcement of the Bank's culture and values which ensured retention of old customers as well as winning new ones.

He recalled the bank's previous AGM, where shareholders passed a resolution enabling the Board of Directors of the Bank to raise additional capital to meet the Bank of Ghana's capitalization requirement of GhC 60million and thanked the shareholders for helping the bank meet its target.

He said the Bank is bent on delivering nothing but the best, thereby encouraging Ghanaians to take advantage of the services available, to join them.

He acknowledged that the success in serving their customers is the key to the Bank's future.

"As a lending Bank, our main drive is to deliver responsibly and efficiently to the benefit of our customers," he assured.

The Board Chairman of the Bank, Mr. Joseph Nsonamoah revealed that UT Bank had proved against all odds to be a stronger Bank than it was a year ago.

He said over the years, the Bank has established a strong financial, technical and operational path that has spurred it to be the preferred bank for businesses and individuals.

He said the future of the Bank is bright and urged shareholders and customers to keep expecting nothing but the best.

He said the Bank is moving up on the ladder in terms of market position notwithstanding the fact that more needs to be done: "With our dedicated work force and experienced management team, coupled with a vision and strategy that is appropriate and achievable, I see boundless opportunities for the Bank to grow and prosper in the coming years."

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