Tag: Odun Odunfa
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First Atlantic Bank secures new investment to increase capital
First Atlantic Bank is set to meet the new minimum capital requirement of 400 million cedis for banks by the second quarter of this year, 2018. This comes after the bank secured various investments, with the most recent being an investment with Advanced Finance and Investment Group (AFIG). The Governor of the Bank of Ghana,…
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First Atlantic Bank opens Tamale branch
First Atlantic Bank has opened its 31st branch in Tamale , in the Northern Region. The newly opened branch, according to senior officials of the bank would provide bespoke financial products and services to the businesses and individuals in the metropolis and its environs. The branch would also serve the bank’s customers and people in the…
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First Atlantic Bank gets new investor
Advanced Finance & Investment Group, manager of AFIG Fund II is set to commit some investments into the operations of First Atlantic Bank. The move is however subject to regulatory approval. A statement by First Atlantic Bank indicating the finalizing of the agreement between the two institutions said, ‘AFIG Funds’ investment in First Atlantic Bank…
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GCB takeover to strengthen banking operations – First Atlantic MD
Some bankers are upbeat about a turnaround in the operations of Ghana’s banking sector with the enforcement of laws governing the industry. According to them, the Bank of Ghana’s decision to enforce its laws in the revocation of the licenses of UT Bank and Capital Bank over their insolvency will transform operations in the sector.…