FUNDS
BUSINESS NEWS | GHANA AND BEYOND ? 25/01/2022 ?An inventory report on the assets and liabilities of defunct Capital Bank has revealed that shareholders’ loans accounted for 65% of the bank’s loans and advances. The report conducted by the Receivers, Vish Ashiagbor and Eric Nana Nipah of pwc, said shareholders’ loan amounted to GH¢749 million and had been in default for over three years.It also revealed that the defunct bank had loans and advances of approximately GH¢1.2 billion, accounting for 44% of the bank’s total assets as of 14th August 2017. “The revised asset position of Capital Bank as of 14th August 2017 was approximately GH¢1.2 billion. We continue to review the bank’s records to ascertain its accurate asset position”. Also, the Receivers said “an initial assessment of Capital B
- Writer
