UT Bank of Ghana Says That Annual Profit Increases

(Corrects figure in first paragraph. The story was initially published on April 2.)

UT Bank Ltd. (UTB) of Ghana posted annual net income of 13.07 million cedis compared with 9.3 million cedis a year ago, the company said in a statement published in the Business and Financial Times today.

Net interest income rose to 49.67 million cedis compared with 34.28 million cedis.

To contact the reporter on this story: Ekow Dontoh in Johannesburg at edontoh@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net