Union Savings And Loans Outlines Vision


Philip Oti-Mensah
Philip Oti-Mensah, Managing Director, Union Savings and Loans, says his outfit intends to become an industry leader this year.

He added that the financial institution is in a better position to become a universal bank in 2017.

Mr Oti-Mensah, who made this known at the company’s end of year dinner and awards night said, ‘Our position in terms of loan and deposits portfolios, profitability and brand presence confirm that we are indeed on course to become an industry leader in 2015.’

From the bottom three in the Savings and Loans Industry as at 2012, the company has made it to the top five as at June 2014, he indicated.

Mr Oti-Mensah revealed that management has taken steps to acquire a Universal Banking Licence, urging staff to work hard to realize the company’s dream.

He attributed the company’s success story to the provision of exceptional service under the tag line ‘rapid banking, exceptional service.

‘We position ourselves as the number one SME Bank in Ghana, thus we aim to satisfy that target group to the extent that the brand becomes synonymous with SME,’ Mr Oti-Mensah said.

Outlining some achievement in 2014, he said, ‘We have grown our deposits portfolio by 200, we have also grown our loan portfolio by almost 180 percent. We have increased our profit by more than 200 percent and opened branches all over to a total number of 17.

The company presented appliances to staff who excelled in the year under review.

 By Kofi Owusu Aduonum

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