UMB Receives Funding to Meet the New Bank of Ghana Minimum Capital Requirement of Four Hundred Million Ghana Cedis

Universal Merchant Bank (UMB) is pleased to inform its customers, staff and the general public that it has received funding to meet the new Bank of Ghana minimum capital requirement of Four Hundred Million Ghana Cedis (GHC 400,000,000) by December 31, 2018.

As a Ghanaian owned bank, we at UMB have always been proud of our commitment to the local economy and local businesses, investing in the success and prosperity of our nation.

“We are excited about this development, for our customers and also for Ghana. This allows us to continue the great work we have been doing, promoting the independence of Ghanaian industries. Now, we can provide funding for Ghanaian business initiatives now, and for generations to come,” said Mr. John Awuah, CEO of UMB.

UMB has a rich history of supporting local businesses and in the past, was key in the establishment of Ghana’s first mortgage bank, as well as the Ghana Stock Exchange.

We continue to support the growth of our local economy through our increased support to SMEs, through our Centre for Businesses, as well as Government partnerships such as the 1 District, 1 Factory initiative.

Please note that UMB CEO John Awuah and UMB Board Chairman Ras A. Boateng are available for interviews.

UMB Bank (UMB) is a full-service financial institution specializing in customized banking products and services.  UMB opened on March 15, 1972 and is a leading Ghanaian indigenous bank with considerable financial expertise. UMB is recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions.  UMB currently has 36 branches, 3 UMB Centres for Businesses, 1 UMB PPP Incubator Centre and a vast network of ATMs.

UMB is active on key media platforms. For more information about UMB and its products and services, please visit:

www.myumbbank.com

Facebook (www.facebook.com/myumbbank)

Twitter (www.twitter.com/myumbbank)

LinkedIn (www.linkedin.com/company/universal-merchant-bank)