A comprehensive agreement with lenders brings an end to the Land Bank’s four-year state of default and ‘positions the bank firmly on a sustainable...
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“GTB Ghana's VR of 'ccc' reflects our view that failure remains a real possibility due to high exposure to the Ghanaian sovereign (Restricted Default; RD) through securities. This bank incurred losses in the sovereign domestic debt exchange programme (DDEP) and some risks remain from the ongoing external debt restructuring and impending loan-quality issues. Nevertheless, the losses are tolerable due to adequate capital buffers. The VR is one notch below the implied VR of 'ccc+' due to the following constraint: operating environment/sovereign rating”.
A comprehensive agreement with lenders brings an end to the Land Bank’s four-year state of default and ‘positions the bank firmly on a sustainable...
A comprehensive agreement with lenders brings an end to the Land Bank’s four-year state of default and ‘positions the bank firmly on a sustainable...
After years of challenging negotiations, the Land Bank has achieved a groundbreaking deal with its lenders to restructure its substantial debt. The...
Beijing: China and the Maldives have signed a new financial agreement today, enabling Beijing to offer increased financial aid to the debt-ridden...
WorldStage Newsonline– Nigeria’s House of Representatives has asked Guaranty Trust Bank (GTB) to remit Value Added Tax (VAT) on the commission...
WorldStage Newsonline– Nigeria’s House of Representatives has asked Guaranty Trust Bank (GTB) to remit Value Added Tax (VAT) on the commission...
By Halimah Olamide The House of Representatives has asked Guaranty Trust Bank (GTB) to remit Value Added Tax (VAT) on the commission received from...
Fitch Ratings on Monday upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) to “bb” from...
Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company...
Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest...