Union Savings and Loans will from next month operate as an OmniBank.
The company has attained its banking status and hopes to deliver additional services to customers.
Currently the bank has a capital asset of over GHC140 million, targeting over 3 billion cedis in 2020.
Speaking at a Transition Engagement ceremony with clients of the bank, the Managing Director, Philip Oti Mensah, told Starr Business the bank will be able to offer better services to SMEs who are major stakeholders.
“We are actually an SME focused bank. We are now saying that we are an entrepreneur focused, what this means is that we are now going to look at Start-Ups. If you are a Start-Up and you have a great idea, we will sit down with you and we will finance you. We want to help African entrepreneurs to live their dreams to achieve their vision.”
The new status will also allow its customers to transfer money abroad and receive funds at lower cost, unlike previously, which was through a third party account.
“Customers can walk into our banking halls and open this account. The other important change is that we are able to go to the clearing house directly,” he added.
OmniBank will start with two exciting products; “the first message is the free bank account for all. No COT, absolutely free. We are still SME focused and will serve clients in the SME sector,” Mr. Oti Mensah added.
Source:Ghana/Starrfmonline.com/103.5fm/Osei Owusu Amankwaah
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