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Universal Merchant Bank appoints Dr. Joseph France as advisor

March 30, 2024
Universal Merchant Bank appoints Dr. Joseph France as advisor

The Board of Universal Merchant Bank Ltd (UMB) has officially acknowledged the appointment of Dr. Joseph as an Advisor to support the bank in its recapitalization efforts, as per the press release issued by the on March 28th.

In a statement released to the , the UMB Board of Directors reaffirmed the bank's commitment to achieving full recapitalization before the stipulated deadline of December 2025, as outlined in the post- (DDEP) recovery plan. The appointment of Dr. France is seen as a strategic move to bolster the bank's efforts in meeting this objective.

The statement further expressed gratitude to the Bank of Ghana for its support and emphasized UMB's resilience and unwavering commitment to its customers, stakeholders, and the public. It assured all parties that the bank remains steadfast in its mission to serve their best interests.

Additionally, the appointment of Dr. France is viewed as complementary to UMB's existing commitment, with the Board and Management pledging to work closely with him to expedite and successfully conclude the recapitalization process within the prescribed timeframe.

Established on March 15, 1972, Universal Merchant Bank is a prominent Ghanaian indigenous bank renowned for its comprehensive tailored to meet the diverse needs of its clientele. With a reputation for entrepreneurial innovation, technological prowess, and distinctive banking solutions, UMB operates a network of thirty-five branches, three UMB Centres for Businesses, one UMB PPP Incubator Centre, and numerous ATMs.

Furthermore, UMB's commitment to excellence is underscored by its ISO 27001 and PCI DSS certifications, along with a comprehensive suite of omnichannel solutions, including the UMB SpeedApp mobile banking platform.

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