GN Bank poised to meet GH¢400m capital by Q3

The Chief Executive Officer of GN Bank, Issah Adams, has said that the bank is poised to meet the GH¢400million minimum capital requirement set by the Bank of Ghana (BoG) by third quarter of 2018.

“We have secured about GH¢120million out of the GH¢400million required by BoG by quarter one out of the three-quarter stipulated periods from all commercial banks across the country,” he stated.

The CEO announced this at the GN Bank Customer Service Appreciation Day held in Tamale, the Northern Region’s capital.

The occasion, dubbed ‘GN Bank Customer Appreciation’, also saw about 50 loyal customers in the Northern Region honoured for their contributions to successful growth and sustainability of the bank – which now boasts 300 locations across the country.

Issah Adams noted that the bank has introduced new ‘GN Mobile money and payglobal’ initiatives, whereby customers can transact business with the bank from their various locations.

“If you are a trader you don’t have to carry your money in bulk with you, you only put it in a nearby GN Bank; and if you get to your market destination, just go to any GN Bank and your money will be given to you because we are fully networked,” he said.

He also said management is considering giving 30 percent shares of the bank to its customers in order for them to be part of the bank, and that shares will soon to be floated.

According to the CEO, it is necessary to appreciate the contributions of customers and also interact with them to share in their concerns to help enhance the bank’s operations.

“Without the customers, it would be impossible for us to operate; and also their contributions have been sustaining operations of the bank to open more branches due to their high demand,” he said.

In order to address the challenges of customers, he said, a customer service desk has been created in all of the bank’s operational areas.

He added that the bank has put in place policies which protect and enhance the financial value of customers.

He therefore urged them to stay with the bank, because it has in store many attractive packages for them in the coming years.

The bank, he said, will soon help finance farmers and other traders within the rural areas with loans to facilitate their activities and enhance economic activities in the country.