First Atlantic Bank Is Safe . . . Exceeds BoG's Minimum Capital Requirement

The First Atlantic Bank has disclosed that it has met the minimum capital requirement of GHC 400 million by the Bank of Ghana.

According to management of the bank, they aimed at meeting the minimum capital requirement and committed to their vision of building a “global bank out of Ghana” to become a credible and dependable financial institution.

The management further promised better banking services in the year 2019 saying in a statement issued by the Managing Director of First Atlantic Bank, Odun Odunfa and copied to Peacefmonline.com that "the year 2019 holds immense promise for us in the purple family, especially as we have obtained approval from Bank of Ghana for our merger with Energy Commercial Bank Limited. This process is in line with the vision of both banks to become a bigger and stronger player in the financial services sector. The merged entity will operate under the First Atlantic Bank brand which will ensure integration of respective channels, customers and staff of both banks".

Read full statement below:

New Year Message from the Purple Family

As we enter 2019, we can confidently affirm that First Atlantic Bank has once again proven its credentials as a major player in Ghana’s financial sector. We have established ourselves as the financial institution that helps to increase opportunities for our stakeholders through our purple experience.

One of the highlights of 2018 was undoubtedly the drive to meet the minimum capital requirement of Bank of Ghana. First Atlantic Bank is proud to report that we have exceeded the target of GHS 400 million within the specified time frame.

As we execute our vision of building a “global bank out of Ghana”, we commit to continue to be a credible and dependable financial partner to all our customers both existing and prospective.

Against this backdrop, the year 2019 holds immense promise for us in the purple family, especially as we have obtained approval from Bank of Ghana for our merger with Energy Commercial Bank Limited.

This process is in line with the vision of both banks to become a bigger and stronger player in the financial services sector. The merged entity will operate under the First Atlantic Bank brand which will ensure integration of respective channels, customers and staff of both banks.

As we welcome all customers of Energy Commercial Bank to the Purple Family, we commit to maintaining our high standards of banking service delivery and excellent customer care across all our diverse channels.

We are particularly thankful to our customers all over the country for their loyalty and commitment as well as our staff who continue to be leading lights for professional banking services across all our locations and channels.
On behalf of everyone in the purple family, we wish you a very happy and prosperous new year.

Signed

Odun Odunfa
MD/CEO


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