Tag: acquisition
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First National Bank acquires GHL Bank
First National Bank (FNB) Ghana, has acquired hundred percent of GHL Bank. This therefore makes GHL Bank a subsidiary of First National Bank Ghana. A statement to Citi Business News confirmed the move, saying, the transaction has been approved by the boards of the two banks and has received the required regulatory approvals from the…
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Zenith Bank opens arms to acquisition
Zenith Bank has indicated its readiness to absorb another bank to grow its base and improve its portfolio. It follows the dramatic increase in the minimum paid up capital for commercial banks. The Managing Director of Zenith Bank, Henry Oroh who admits that mergers and acquisitions may not be inevitable however says any such decision…