Ghana Commercial Bank
|ANSELM RANSFORD ADZETEY
GCB Bank Limited formally known as Ghana Commercial Bank is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits.
In August 2017, the Bank of Ghana, the nation’s central bank, announced that it had approved a Purchase and Assumption transaction with GCB Bank Limited for the transfer of all deposits and selected assets of UT Bank and Capital Bank (Ghana) to GCB Bank Ltd.
GCB Bank Ltd is the largest indigenous financial institution in Ghana with 184 branches.As of December 2018, the bank’s total assets were valued at about GHS9.7billions+, with shareholders’ equity of approximately GHS:1.3billion+.