Business News of Wednesday, 11 March 2015
Source: Kwame Ntim
ABii National Savings and Loans, a fast emerging financial institution in the country and a subsidiary of Tobinco group of companies is set to open a new branch in the Oil City of Ghana on Thursday, 12th March, 2015.
This comes as a strategic move to extend its services to the people of Takoradi, the Western regional capital. According to management of the bank, this move is to consolidate the position of their brand within the typical business areas in the country and ensure that easy banking is made available to all Ghanaian citizens.
Savings and loans as a financial service emerged from the Banking Act 673 (2004) which was amended to Banking (Amendment) Act 738, 2007 making way for the establishment of the International Financial Services Centre (IFSC) by the government. This is set to increase the competitiveness of the Ghanaian financial sector. Following significant improvements in the financial system, there is no doubt that the sector is now in a better shape to play the effective role of harnessing financial resources for sustainable economic growth of the country.
The operating institutions include both foreign and local major banks, Rural and Community Banks (RCBs), Savings and Loans Companies (SLCs) and other finance and leasing companies.
ABii National as a financial service has been in operation for less than two years and it is rapidly spreading it tentacles in the saturated financial industry in the Country which intends to take a front line role within the financial market of the country. Currently, the brand has representation in three regions with six branches already opened in Avenor, Mallam Atta, Abossey Okai, Darkuman-kokompe, Kasoa and Adum-Kumasi.
Speaking to Mr. Albert Kwabena Dwumfour, the COO of Tobinco group of companies media, he expressed his sincere gratitude and appreciation to the well loving and cherish customers of the Savings and Loans through whose support the company is fast growing and multiplying anticipating the emerging of more branches before the end of the year, “we are indeed grateful to the almighty God for where he has brought us not only ABii National Savings and Loans but all subsidiaries under the group, we cannot do without expressing our sincere appreciation to our loving customers out there whose support and co-operation has brought us where we are now. The group is seriously behind it only financial company and will do anything to make it the number one leading financial institution in the country promising of more branches by the end of this year, there are also a lot of surprises out there for our cherish customers” he noted.
ABii National aims at becoming the most preferred indigenous bank, partnering with the customers to unlock their financial potential and be seen as the key to easy banking.
The only financial institution with diverse product ranges which cut across all business needs and notable among them are the Asetenapa account, Royal account, Salary advance, Work and pay, Salary loans, Twin accounts and Church account.
It also serves as a point for the collection for various remittance services such as Western Union Money Transfer, RIA, MoneyGram, MTN Mobile Money, Airtel money amongst others.
The evolving of ABii National Savings and Loans just like other established financial institution has really set to increase the competitiveness of the Ghanaian financial sector making banking very easy for the ordinary citizen.