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Business News of Wednesday, 12 September 2018

Source: Starrfmonline.com

Bank crisis: Your deposits are safe; ignore rumours – UniCredit to customers

The Management of uniCredit has called on its customers to remain calm and ignore rumours that the firm is facing challenges following the consolidation of its sister company – uniBank- with others into the Consolidated Bank of Ghana (CBG).

The BoG merged uniBank, Sovereign bank, Beige bank, Royal bank and Construction bank under the new name CBG.

The merger, according to the governor of the Central bank, Dr, Ernest Addison was necessary because the five banks were in critical financial distress.

The action has fueled rumours that Unicredit is distressed.

However, in a statement Wednesday, uniCredit dismissed the rumours assuring its customers that their investments are safe.

“Our valued customers are assured that there is no need to panic over the safety of their deposits. All deposits are safe and we will continue to protect same and ensure value for their money at all times.

“Management wishes to encourage all customers to avoid rushing to our banking halls in response to the panic as this creates challenges in meeting all your needs at the same time.

“We also wish to appeal to all customers to remain calm in the midst of slight delays at our banking halls as Management is doing everything possible to restore normalcy at all our branches. We cherish the partnership we have had over the years and trust we will continue to enjoy your support,” the statement said.