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FBNBank committed to government’s industrialisation agenda -CEO

PFBNBank has reiterated its commitment to support the government’s agriculture and industrialisation agenda to accelerate the development of the country.

The Chief Executive Officer (CEO) of FBNBank Ghana, Gbenga Odeyemi said this in an interview with the media after a short ceremony at the Ring Road Branch of the bank to mark the 125th anniversary of the First Bank of Nigeria, the mother bank of FBNBank Ghana Limited.

As part of the programme, Mr Odeyemi joined management staff of the bank as well as customers to hoist commemorative flags of both the bank and Ghana, to mark the programme.

Mr Odeyemi, who is also the Managing Director of the FBNBank Ghana Limited, said the bank was here to stay and would continue to support the growth of the Ghanaian economy.

“As a subsidiary of this long-standing institution, FBNBank Ghana Limited has come to stay and contribute to the nation’s development; woven into the fabric of society,” he said.

He said agriculture and industrialisation were important to generate more exportable products to attract more foreign exchange for the country and also to shore up the cedi.

The two aforementioned sectors, Mr Odeyemi also said were also critical in generating employment for the teeming unemployed youth.

“FBNBank Ghana Limited will continue to advance financial support to players in these sectors to support their operations,” he said.

Particularly on agriculture, CEO said the bank had great expertise in the sector and was ready to support the development of the value chain of agriculture from production marketing.

Mr Odeyemi said the strategy of the bank going forward would be to support all the sectors of the economy and pursue quality assets with good returns.

“Our intention is not limiting ourselves to particular sectors of the economy, but support all the sectors to promote their growth,” he said.

Asked about his view of the depreciation of the cedi, the CEO said the problem was temporal and would soon be addressed.

He said the Bank of Ghana was working to address the plummeting of the cedi, and inflows from cocoa and oil would help curb the fall of the cedi.

By Kingsley Asare

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