Reports coming out of Ghana says GN Bank, including other Banks which collapsed in 2019 are set to resume operations I nearly 2026.
According to the report, Ghana Central Bank has restored the Banks operational Liscense
GN Bank is a Ghanaian financial institution license was revoked in 2019 during a financial sector cleanup.
Executives of the GN Bank, including Paa Kwesi Nduom have lauded president John Dramani Mahama, for efforts to restore the bank.
Danish company GN Group could be “bouncing back” financially, as they released an interim report in August 2025 noting a 46% growth in EBITA
Early 2021, GN Bank’s operation in Liberia effectively ceased when a new entity, SIBLL (Sapelle International Bank Liberia Limited), took over its assets and liabilities. SIBLL now operates under the former GN Bank’s license, though the specific date of the takeover is unclear. In 2016, GN Bank Liberia acquired the assets of the troubled First International Bank Liberia Limited (FIBLL).
In 2016, GN Bank Liberia acquired the troubled First International Bank Liberia Limited (FIBLL), a troubled financial institution.
GN Bank Liberia Limited, after the acquisition of FIBLL, was renamed as SIBLL.
SIBLL (Sapelle International Bank Liberia Limited) took over the operations of the former GN Bank Liberia. SIBLL now operates under a banking license, though the details of the transfer remain unclear from the provided snippets.
The transition occurred around late 2020 or early 2021. The bank was originally licensed as First National Savings and Loans (FNSL) Company Limited in 2006 and then renamed to GN Bank Limited in 2014. GN Bank had its headquarters on Broad Street, Monrovia, with branches across Liberia.
While the name “GN Bank” is no longer in use, SIBLL continues to operate in the financial sector in Liberia.
The Central Bank of Liberia (CBL) was involved in the transition process of GN Bank to SIBLL.
