BoG not closing down FASL – Management

Renault

The management of First Allied Savings and Loans has denied rumours that the Bank of Ghana intends closing down the outfit.

FASL said it is duly licensed by the Central Bank and has not violated any rules of engagement hence the rumours must be disregarded.

“The Management of First Allied wishes to state that the stories are false and should be disregarded.  Anybody in doubt can verify the institution’s ownership records from our regulator, the Bank of Ghana or the Registrar General’s Department,” the financial institution said in a statement.

Below is the full statement:

PRESS STATEMENT

The Management of First Allied Savings & Loans

Following the circulation of unfounded rumours that one ‘Nyantakyi’ who is associated with ‘FSL’ (a savings and loans company the government is allegedly stepping in to take over), ‘FASL’ has become a victim of mistaken identity which has sparked a run on our business by customers who could not distinguish between the two entities. This is causing panic withdrawals among some of our customers.

The Management of First Allied wishes to state that the stories are false and should be disregarded.  Anybody in doubt can verify the institution’s ownership records from our regulator, the Bank of Ghana or the Registrar General’s Department.

All customers are to note that all our branches are operational and we continue to serve you.

We appreciate the anxiety of customers flowing from such rumors and we appeal to them to be patient with us as we attend to them. We wish to further reassure them that their funds are safe and secured.  We are working assiduously to rectify any challenge caused by these developments in the past few weeks.

Thank you.

Yaw Antwi.

Management Rep

First Allied

Source: Ghana/Starrfmonline.com/103.5FM

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