Databank partners GT bank to boost investment drive

Databank Group and Guaranty Trust Bank, two of Ghana’s biggest and most innovative brands in the financial services industry have entered into a partnership agreement that will see Databank set up partner locations in selected GTBank branches across Ghana to offer investment solutions and other related services.

The six selected GT bank locations are the Airport, East Legon, Osu, Ashaiman, Cape Coast and Tamale branches.

The service would eventually be rolled out across all GTBank branches nationwide.

This  partnership, a first of its kind between an independent bank and an investment firm, will see Databank setup representative desks in each partner location to enable clients to purchase any of Databank’s five mutual funds, namely Databank Epack Investment Fund (Epack), Databank Money Market Fund (MFund), Databank Balanced Fund (BFund), Databank Educational Investment Fund (EdIFund) and Databank Ark Fund (ArkFund).

Existing Databank clients would be able to check their account balances and sign up for value-added services such as Databank Notification Alert, Direct Debit and prepaid ATM cards.

Conveniently, clients could also top up their mutual fund investments at any GTBank branch nationwide.

According to Databank Chief Executive Officer, Mr. Kojo Addae-Mensah, this initiative is in line with Databank’s mission of helping its customers to achieve financial independence, through providing financial education and offering a diverse range of investment products and services.

He further stated that, “at Databank, we are all very excited about this new partnership. GTBank has a very strong brand in Ghana and has made amazing strides since it opened in 2006. Through this partnership, we believe we can really reinforce a culture of investing among Ghanaians that will not only positively impact individuals, but also help move our country forward financially. Financial independence is not just a catch phrase at Databank.

“It is something that we believe is achievable for all Ghanaians, and we are happy to partner with GTBank in this initiative.”

The partnership also allows GTBank to provide its clients with the ultimate banking experience by giving them the ability to bank and invest at the same time.

GTBank’s Managing Director, Mr. Lekan Sanusi, also expressed his excitement at this new partnership.

“GTBank has consistently maintained its level of customer satisfaction delivery through the provision of convenient banking locations, products and services. The addition of investment products to the GTBank customer experience further reinforces our commitment to being the Most Customer-focused Bank in Ghana”, he said.

Mr. Sanusi added that with Databank’s 25-year track record in Ghana, he was confident that this partnership would yield positive results for all parties involved – the two institutions and their customers.

The start dates for the initial partner locations are:

– Airport, East Legon, Osu – Monday, February 16, 2015

– Ashaiman – Wednesday, February 18, 2015
– Cape Coast – Wednesday, February 25, 2015
– Tamale – Friday, February 27, 2015

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