Asset position at liquidation was ¢437.4m, not ¢1.3bn; bad loans were ¢869.6m – UT Bank Inventory Report discloses

Posted by - January 25, 2022

An Inventory Report of the assets and liabilities of UT Bank has disclosed that the revised asset position of UT Bank as of August 14, 2017, was approximately ¢437.4 million. The report conducted by Receivers, Vish Ashiagbor and Eric-Nana Nipah of accounting and auditing firm, PWC, however, said that the defunct bank’s records will continue