After years of disengagement, the Togolese government is mobilizing to keep the Togolese Union Bank (UTB) in its portfolio. As the only remaining public bank, the UTB has recently benefited from a discreet recapitalization to restore its capital, which had fallen into negative territory, thus avoiding intervention from the BCEAO. Although the exact amount of the capital injection remains confidential, 13 billion FCFA (21.4 million $) has been allocated to stabilize the bank. Under the leadership of Simplice Toyi Assih, the UTB aims to restore the confidence of creditors and clients.
