By Buertey Francis BORYOR
GCB Bank PLC has rolled out a special loan package for its Micro and Small Enterprise (MSE) customers whose businesses were destroyed in the devastating fires at Katamanto and Techiman Markets earlier this month.
The initiative will benefit over 100 affected customers, providing financial assistance to help them rebuild their businesses and recover from the losses.
As part of its commitment to supporting customers in difficult times, the bank is offering flexible repayment terms, a three-month moratorium, and an insurance bundle from its Value Added Package (VAP) insurance initiative. The VAP is designed for MSEs and covers emergencies such as fire and burglaries.
While the loan package is currently being rolled out in Kantamanto, it will be extended to Techiman in the coming weeks.
During an engagement with affected customers at the Kantamanto Market in Accra, Sina Kamagate, Executive Head of Retail Banking, speaking on behalf of the Managing Director of GCB Bank, Farihan Alhassan, assured the traders of the Bank’s commitment to standing by them in these challenging times.
He was confident that the customers will apply the financial support to rebuild their businesses, and become stronger than before.
“Our thoughts and deepest sympathies are with all those affected by this tragic incident. As a Bank that stands firmly with our community in times of need, we are offering this tailored loan package to provide immediate financial support. We understand the immerse challenges you are facing, and it is our hope that this initiative will help you rebuild your lives, restore your businesses, and regain stability.
“We care about your well-being and the restoration of your businesses. Together, with resilience and determination, we can overcome this adversity and move forward toward a stronger and brighter future. For us at GCB Bank, initiatives like these give true meaning to our brand promise; your bank for life.” he said.
The initiative follows a promise made by GCB Bank officials during a visit to Kantamanto the morning after the fire. It pledged to support affected customers, particularly those subscribed to the VAP insurance plan.
GCB Bank PLC, Ghana’s leading indigenous bank, operates 184 branches, 340 ATMs, and an extensive network of banking agents nationwide. Established in 1953, the Bank plays a key role in the country’s economic growth, with contributions spanning various sectors, including oil and gas, agriculture, and commerce. GCB Bank has also embraced digital financial solutions, strengthening its reputation locally and internationally. The Bank’s commitment to its customers is built on trust, support, and collaboration, underscored by its brand promise: “Your Bank for Life.”
