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Why UT Bank Was Closed Down – Kofi Amoabeng Explains

The embattled Chief Executive Officer of defunct UT Bank, Captain Prince Kofi Amoabeng has opened up on the main reason why his bank UT bank was closed down by the government.

According to the businessman, his bank UT was going through a lot of problems at that time and the sitting government thought it wise to come to its rescue, hence his decision to collapse the operations of the bank.

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In an interview on Peace FM’s Kokrokoo Morning Show, Kofi Amoabeng told the host Kwame Sefa Kayi that looking at all that happened and the drama that occurred during the collapse of his bank, he has never been bitter about the situation else he would have been dead by now.

“The truth is if the bank was fully functional, meeting all the capital requirements from its regulators, the government would not have closed down the bank. But the bank was going through problems and every business goes through problems; it doesn’t matter how big you are.

“It is the government that will decide to close it down because it is that bad or it should be bailed out because it is dear to the country; this is all government’s discretion on behalf of the people.

“For UT’s position, the government decided that where the problems of the bank had reached, it is impossible to bail the bank out, therefore, it needs to be closed down and so be it; it was closed down,” Prince Kofi Amoabeng explained on Peace FM, Monday, November 15, 2021.

When asked by the host, Kwami Sefa Kayi, if he is not bitter, Kofi Amoabeng responded, “no! no!! no!!! looking at my age, if I had harbored bitterness in me, I would have died a long time ago.”

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“Whatever that happens to me, it has happened and you get on with your life,” he stressed.

When asked by the host, Kwami Sefa Kayi, if he is not bitter, Kofi Amoabeng responded, “no! no!! no!!! looking at my age, if I had harbored bitterness in me, I would have died a long time ago.”

“Whatever that happens to me, it has happened and you get on with your life,” he added.

Thank you for reading!

Source: CelebritiesbuzzGh | Why UT Bank Was Closed Down – Kofi Amoabeng Explains