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Tuesday, May 24, 2022

Avoid experience of Ecobank at Madina


uba-logo.jpgBanking institutions were on Monday tasked to beef up security in and
round their premises to curb the upsurge of armed robbery.

Justice Cudjoe, District Chief Executive of Ketu South further urged
banking institutions to take steps to protect customers from being

The advice comes in the wake of the latest bank robbery which took place at Madina in Accra barely a fortnight ago.

Mr Cudjoe gave the advice at the inauguration of the United Bank for Africa (UBA) Ghana Limited at Aflao in the Volta Region.

opening of the Aflao branch brings to 16, the total number of branches
established since 2005 when the bank entered the banking sector in the

UBA, one of West Africa’s largest financial services
group with assets in excess of 14 billion US dollars now boast of six
million customers across the sub-region.

The DCE recounted
the stiff competition in the banking sector in ensuring the growth of
several companies established by groups and individuals and encouraged
them to come out with more innovations to retain and attract more

Mr. Cudjoe expressed delight that the UBA selected
Aflao as the first district in the region to commence business and
assured them of mutual cooperation between the bank and the assembly,
adding; “we would ensure that the bank operates in a congenial

The DCE announced that in August 1, this year,
President John Agyekum Kufuor would cut the sod to commence the
construction of the Aflao/Akatsi and Akasti/Dzodze roads.

appealed to the communities whose buildings would be demolished during
the exercise to bear with the contractor to ensure smooth work.

Amenya Fiti V, Paramount Chief of Aflao Traditional area, called on the
bank to be committed to providing first class customer services and
ensure that staff was motivated to carry out the bank’s mandate.

Fiti also asked the bank to provide import and export financial
services as well as business advisory services to enable the bank to
achieve its mission of “democratizing” banking services in the country.

Aflao community of ours is one that improves from generation to
generation and the UBA management will never regret investing here,” he

Mr Nnamdi Okonkwo, Managing Director, UBA, Ghana
Limited said the opening of the Aflao branch was significant and an
important landmark event in the history of UBA Ghana.

According to him, the move was also in line with the bank’s commitment to build an African global bank.

Managing Director said the bank had developed an international money
transfer product known as the “Afritrade” which would facilitate the
transfer of money in Africa.

He encouraged salaried workers and
working professionals to take advantage of the banks “No Wahala Loan,
Executive Loans and Special Overdrafts,” which they could spend and pay

He said the bank was an active participant in the
recently introduced National Payment System known as the E-zwich,
saying with E-zwich smart card their customers could transact business
from any location.

Source: GNA

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