Monday, October 4, 2010

UT Bank of Ghana to List on JSE Africa Board

Ghana's UT Bank may consider listing on the Johannesburg Stock Exchange's Africa board, its chief executive said on Monday.

Kofi Amoabeng told Reuters in Johannesburg that the group was also interested in selling up to 20% of the bank to an foreign partner.

He added that UT Bank aimed to at least double its balance sheet in the next three years from the current $250m.

The other two listings on the JSE Africa Board:

Trustco Group Holdings
Wilderness Holdings Limited