Tag: Energy bank
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Laid off workers of First Atlantic Bank reject redudancy package
The 100 workers laid off following the merger between First Atlantic Bank and Energy Bank have rejected completely the redundancy package offered to them by the new entity created out of the merger. According to persons close to the bank, the affected workers were offered a severance pay of 1.5 months basic salary for each…
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SEC approves Energy bank’s IPO to raise GH¢340m
The Securities and Exchange Commission (SEC) has approved for the Energy Commercial bank to issue an Initial Public Offering (IPO) to help it meet the minimum capital requirement for banks. The bank should resort to the investing public to raise 340 million cedis which represents about fifty percent of the company’s stake. Though SEC’s approval…