type public traded as gse utb industry financial services founded 2009 headquarters accra ghana key people joseph nsonamoah chairman and co founder prince kofi amoabeng co founder stephen antwi asimeng ceo products loans investments corporate banking international banking commercial banking revenue aftertax us 6.93 million ghs 13.1 million 2011 total assets us 378.4 million ghs 712.9 million 2011 owner ghanaian & international investors website homepage ut bank ghana limited commonly known as ut bank utb is a commercial bank in ghana . as of february 2011 update the bank is one of the commercial banks licensed by bank of ghana the national banking regulator . 2 contents 1 overview 2 history 3 affiliate companies 4 ownership 5 branch network 6 governance 7 see also 8 external links 9 references overview edit utb is a medium sized financial services provider headquartered in ghana with subsidiaries in west africa and western europe . the bank s total assets in december 2011 were valued at approximately us 378.4 million ghs 712.9 million with shareholders equity of approximately us 32.5 million ghs 61.23 million . 3 history edit ut financial services was a non bank financial services provider nbfi in ghana which was incorporated in 1997 . 4 over time the nbfi acquired subsidiaries and was listed on the ghana stock exchange under its holding company ut holdings limited . in 2008 ut unique trust holdings limited acquired majority shareholding in a ghanaian commercial bank called bpi bank . 5 the bank was re branded as ut bank ghana limited and opened for business in may 2009 . 6 7 in june 2010 ut bank and ut financial services merged into one new company called ut bank ghana limited . through a reverse listing on the gse the new bank s shares became listed and those of ut holdings were de listed . its shares trade under the symbol utb . affiliate companies edit the bank is a subsidiary of ut holdings which owns the following subsidiaries 8 ut logistics headquartered in tema ghana ut properties real estate development and management ut collections debt recovery ut private security armed and unarmed private security service ut financial services nigeria loans and lease financing solutions ut financial services south africa headquartered in johannesburg ut life insurance life insurance ownership edit the shares of the bank s stock are listed on the ghana stock exchange where they trade under the symbol utb . the seven 7 largest shareholders in the bank are listed in the table below 9 ut bank stock ownership rank name of owner percentage ownership 1 ut holdings limited of ghana 40.40 2 deg germany 13.50 3 africa capitalization fund 10.10 4 ifc 10.10 5 investec public fund 4.70 6 kura capital 3.70 7 duet 2.40 8 others 14.90 total 100.00 branch network edit as of january 2014 ut bank maintains a network of thirty 30 interlinked branches across all regions of ghana . governance edit the chairman of the board is joseph nsonamoah and the ceo is stephen antwi asimeng . see also edit economy of ghana list of banks in ghana external links edit website of ut bank website of bank of ghana references edit http www.utbankghana.com list of licensed commercial banks in ghana audited 2011 annual report ut financial services incorporated in 1997 ut holdings limited acquired bpi bank in 2008 ut goes into banking ut bank opens subsidiaries of ut holdings shareholding in ut bank v t e economy of ghana currency ghanaian cedi banking offshore private capital bank national investment bank prudential bank limited unibank retail savings agricultural development bank of ghana cal bank gcb bank ltd home finance company ut bank savings and loan abii national savings and loans company insurance enterprise group sic insurance company vanguard assurance company limited communications communications new media electricity transportation water supply and sanitation water privatization industries companies agriculture cocoa salt healthcare manufacturing mining 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