The Universal Merchant Bank was formally called Merchant Bank Ghana Limited and it has a head office in Accra, the capital city of Ghana.
Universal Merchant Bank was opened to the Ghanaian public on 15 March 1972 as a merchant bank. UMB as it is referred to introduced Retail Banking with the acquisition of a Universal Banking License in 2005.
Who Owns UMB Bank Ghana?
Fortiz Private Equity Fund Limited (the “Fund”) is a wholly-owned Ghanaian company incorporated in 2013 under the Companies Act, 1963 (Act 179), with 95.99% stake in Universal Merchant Bank (UMB). The Fund undertakes private equity investments in strategic sectors in Ghana and selected African countries.
Is UMB an International Bank?
How Many Branches Does UMB Bank Have?
UMB Bank was established on Aug. 28, 1902. Headquartered in Kansas City, MO, it has assets in the amount of $18,107,920,000. Its customers are served from 115 locations.