Bond Financial Services on track to be Universal bank by 2017

Savings and Loans Company, Bond financial services says it is on track to be a fully fledged Universal Bank.

Bond last year secured approval to operate as savings and loans firm after operating as a finance house for five years.

The firm last year indicated it wanted to be a commercial bank by 2017 in order to expand its operations and deliver world class services to the banking public.

Speaking at the launch of three banking products, that is Internet Banking, Inward Remittances and Mobile Money Services , Chief Executive Officer of Bond, George Ofosuhene said they are on track to meeting the necessary regulatory requirements.

He said the company has spoken to other institutions who are ready to support the bank achieve its goal.

Bond is a non-bank Financial Institution licensed in 2007 under NBFI law PNDC Law 328 to provide financial services.

The company commenced operations as a finance house in 2008 and was able to acquire a Savings and Loans license in its fifth year of operation.

The idea to establish a finance house was mooted by seasoned businessman Mr. KroboEdusei Jnr. of the Safebond Group having realized the need for business financing solutions that are crafted to meet their specific challenges.

From humble beginnings BOND has confidently navigated through the turbulent courses of the financial services industry with distinction.

BOND is now a household name and takes pride in the wide portfolio of loyal customers who have not just passed through its corridors but customers who have been with the company since inception.


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