Bond Savings and Loans targets banking license by 2017

Bond Savings and Loans says it is on track to become a universal bank within the next three years.  

The Managing Director, George Ofusuhene revealed this to Joy Business at a ceremony to outdoor the company as a Savings and Loans Company.

“It is possible for you to grow within this environment through organic growth. Our shareholders have also given us the indication of increasing the level of capital. So we’re going to look at how best when can increase the capital which may include bringing in new shareholders,” he said.

Bond entered the financial services industry in 2008 as a finance house.

Speaking at the launch, the Deputy Governor of the Bank of Ghana, Nashiru Issahaku also disclosed the Central Bank might soon move to get tough on financial institutions operating as banks without the requisite license.

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