Ghanaian commercial bank CAL Bank has dismissed eight top Executive to address it financial troubles.
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According to the High Street Journal the dismissal is to ensure the bank restore it capital base.
Reports suggest the executives who lost their position are as follows:
- Head of Treasury
- Head of Finance
- Head of Custody
- Executive Head of Finance and Operations,
- Chief Risk Officer
- Head of Business Development
- Head of fixed Income
- Head of Corporate Banking
It has been alleged that their sacking is linked to a GH¢1.5 billion loan facility that went sideways with claims level against the executives.
The Bank’s financial troubles became visible this year when it greatly reduced its capital.
