Posted: Friday 16th May 2014 at 20:43 pm

CAL Bank outlines expansion drive in Kumasi


CAL Bank has outlined its expansion drive to support business growth in the Ashanti regional capital, Kumasi.

Managing Director, Frank Adu Junior describes Kumasi as a ‘cash centre’ which should be accorded extreme importance.

In addition to the bank’s five existing branches in the region, a five-story building is to be erected in the financial hub of Prempeh II Street, Adum.

“Kumasi takes a fairly hefty chunk of our loan portfolio; Kumasi is also an SME market and I think more than 50percent of our SME market portfolio is in Kumasi, so we are giving them what they want,” said Mr. Adu.

He spoke to Luv Biz at the launch of CAL’s private banking service in Kumasi. This offers exceptional services to prestige clients, including extended banking hours.

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