The Energy Bank has said it is open to merge with any of the struggling domestic banks hoping to meet the Bank of Ghana recapitalisation requirement.
The Energy Bank which has been operating in Ghana for the past one year has already seen its total assets grown from GhC 60 million to about GhC 201 million.
According to the Managing Director of the bank, Sam Ayininuola, the merger plans have always been part of the bank’s strategy.
“We are open and interested in any one bank that wants to work with us,” Ayininuola told Citi Business News.
He, however, expressed concerns about post acquisition developments which according to him are sometimes very murky.
The bank has also hinted of plans to roll out about 700 ATM outlets and open some branches across the country in a bid to spread their services to customers.
Source: citifmonline