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The Royal Bank, Ghana

From Wikipedia, the free encyclopedia

The Royal Bank is a former banking and financial institution headquartered at Legon, Ghana.[1][2]

The bank was established in 2012 and has several branches all over the country.[3] Six months after the start of operations, the bank had opened five more branches.[4] In 2017, management of the bank announced they were improving the financial status of bank in order to meet the minimum requirement policy set by the Bank of Ghana that was to come into effect at the end of 2018.[5]

The updated Asset Quality Review (AQR) of the central bank of Ghana revealed that, just as in the case of uniBank Ghana LTD, Royal Bank LTD was also significantly under-capitalized, plans to restore them back to solvency could not materialize. Hence, Royal Bank LTD was declared to be beyond rehabilitation. Therefore, Bank of Ghana revoked their license.

References

  1. ^ "Ghana Telephone Directory : The Royal Bank (TRB) Gh. Ltd. (Head Office), Accra". ghanaweb.com. Retrieved 2017-11-27.
  2. ^ "Welcome to The Royal Bank | Ghana". theroyalbank.com.gh. Retrieved 2017-11-27.
  3. ^ webmaster. "The Royal Bank Ltd". Ghana Trade - Official SME Product Portal and Web Gallery. Retrieved 2017-11-27.
  4. ^ "The Royal Bank opens three more branches". Modern Ghana. Retrieved 2017-11-27.
  5. ^ "The Royal Bank hopeful of meeting new BoG minimum capital requirement". 2017-08-10. Retrieved 2017-11-27.


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This page was last edited on 8 January 2024, at 20:31
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