GHC150m authorities mortgage, GHC70m Finatrade scandal ‘killed’ Royal Financial institution – Shareholders

Africa

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Shareholders of the now-defunct The Royal Financial institution (TRB), have stated the non-performance of the erstwhile financial institution’s mortgage e-book was largely associated to excellent funds from executed authorities contracts with Interim Cost Certificates (GHS150million) and the Finatrade Group scandal that rocked the banking business (GHS70million).

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