Sovereign Bank Limited

Recoveries

Total proceeds realised for Sovereign Bank as at 30 September 2019 amounted to GH ¢58.12 million. The total proceeds were realised through the following channels:

Loan repayments

  • Placements and government securities repaid
  • Proceeds from the sale of property and equipment
  • Other Income – interest from the investment of amounts recovered.

The table below provides an analysis of the amounts received by the Receiver for Sovereign Bank as at 30 September 2019.

Month on Month Breakdowns of Cash recoveries as at 30 September 2019 are shown below
Transaction TypePeriodAmount (GH¢)
Loan RepaymentsAugust - December 201811,244,224
January 20192,011,869
February 20195,466
March 20191,233,958
April 2019108,058
May 20191,402,782
June 20191,819,810
July 20193,467,200
August 201920,333,825
September 201990,080
Total41,717,273
Placements RepaidAugust - December 2018-
January 2019-
February 201910,518,146
March 2019-
April 2019-
May 2019-
June 2019-
July 2019-
August 20193,574,027
September 2019-
Total14,092,174
Proceeds from Property & EquipmentAugust - December 2018-
January 2019-
February 201912,363
March 2019-
April 2019122,100
May 2019136,050
June 20195,120
July 201924,867
August 2019-
September 2019-
Total300,500
Other IncomeAugust - December 2018-
January 2019799.73
February 201916,023
March 201956,782
April 2019237,780
May 2019148,776
June 201954,582
July 2019253,474
August 2019-
September 20191,242,961
Total2,011,179
Total Month on Month RecoveriesAugust - December 201811,244,244
January 20192,012,669
February 201910,551,991
March 20191,290,741
April 2019467,938
May 20191,687,608
June 20191,879,513
July 20193,745,541
August 201923,907,852
September 20191,333,041
Grand Total58,121,125