Some customers of The Royal Bank have been served a notice of safe deposits although assets of the bank has been transferred to auditing firm, KPMG.
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Distressed Royal Bank has a message for all Ghanaians
The bank made this announcement after the Governor of the Bank of Ghana, Dr. Ernest Addison stated that assets of The Royal Bank and some four other banks will be taken over by the newly established Consolidated Bank Ghana Limited.
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Dr. Addison says The Royal Bank and another distressed local bank uniBank have had to be consolidated because their liabilities exceed their assets.
Assets of three other banks -- Beige Bank, Sovereign Bank and Construction Bank -- have also been handed over to KPMG to form part of Consolidated Bank Ghana Limited for obtaining their operation licenses falsely.
Less than 24 hours after this announcement, customers of The Royal Bank have been duly been informed about the transfer of assets.
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In a text message sent out to customers, management of the bank assured that deposits of the customers will remain safe despite the transfer.
“We wish to assure you that your deposits are, and will remain safe at your existing branches,” a text stated.
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