Universal Merchant Bank

Universal Merchant Bank (UMB)
Formerly	Merchant Bank Ghana
Company type	Private company
Industry	Financial services
Founded	March 15, 1972; 54 years ago
Headquarters	Accra, Greater Accra, Ghana
Number of locations	10 branches
Key people	Barfour Osei (Chairman), Philip Oti-Mensah (CEO)
Products	Banking services
Number of employees	582 (2024)
Website	myumbbank.com

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The Universal Merchant Bank (UMB), is a Ghanaian financial institution headquartered in Accra that provides commercial and retail banking services across Ghana.^[2]

History

The bank was established on 15 March 1972, the Universal Merchant Bank began its operations as a merchant bank. Over time, the institution expanded its services to encompass retail banking, following the acquisition of a universal banking license in 2005.^[3]

Branch Network

The bank's headquarters is situated in the capital city of Ghana, Accra. It operates through various branches and subsidiary entities across multiple locations:^[4]

Head office - Located at the SSNIT Emporium Building on Liberation Road, Airport City, Accra
Abeka UMB Branch - Situated at Opsem House, opposite the SSNIT Building
Abossey Okai Branch - Adjacent to the former Fan Milk depot
Achimota Branch - Positioned at Mile 7 Junction, in close proximity to the Goil Filling Station
Adabraka Branch - Found at 123 Sethi Plaza, near the Adabraka Police Station
Airport City Branch - Located on Liberation Road within the SSNIT Emporium Building, Airport City
East Legon Branch - Near the East Legon Restaurant
Junction Mall Branch - Within the premises of Junction Mall, Nungua
Kaneshie Branch - Situated near Hansonic Junction, Fisherman House
Labone Branch - Found at 9 Ndebaninge Road, opposite Labone Secondary School