UT Bank

Ghana Financial services

UT Bank is a privately owned small and medium enterprise bank in Ghana with over 25 branches. It targets primarily urban and semi-urban SME markets.

We are invested in UT Bank through IFC Africa Capitalization Fund Ltd., which is managed by IFC (International Finance Corporation). For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries:
Ghana
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
IFC Africa Capitalization Fund Ltd.
Fund Manager:
IFC (International Finance Corporation)
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
March 2012
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Ghana