FBNBank outlines vision for Ghana

FBNBank Ghana says it will leverage on its expertise in Small and Medium Enterprises (SMEs) financing to support the growth of the sector in Ghana.

The bank said it would increase access to credit and also offer advisory support to Ghanaian SMEs to enhance their growth.

Mr. Gbenga Odeyemi, Manager Director of the bank who disclosed this in an interaction with a section of the media in Accra said the bank had the track record of supporting SMEs which he described as the future of emerging economies to grow.

He said SMEs were very important to the growth of any nation, adding that it was no surprise that developed countries enjoying a growing and booming economy attribute their achievements to flourishing SMEs sector.

Mr. Gbenga said the potential of SMEs to promote domestic-led growth in new and existing industries and strengthen the resilience of the economy in a competitive and challenging environment was inarguable.

“We have been in markets dominated by SMEs and we have spent time to come to appreciate SMEs. We are patient with them we would like to go on a journey with them so that we can keep good financials. Ghana’s case would not be different,” he said.

“We have tested products that we have rolled out in Nigeria and we shall do same in Ghana as well,” he said.

The bank began operations in Ghana in late 2015 after obtaining a universal banking licence from the Bank of Ghana.

Agric sector support

Mr. Gbenga said apart from supporting SMEs the bank was keen on contributing its quota to the growth of Ghana’s agriculture sector.

He said the bank would offer support to the agriculture value chain in the country adding that the bank was of the firm belief that the agricultural sector had a crucial role to play in the growth and development of the Ghanaian economy.

He said the bank was repositioning itself to support Ghana’s agriculture in line with a new direction from the Bank of Ghana aimed at enhancing the growth of the agric sector.

The agricultural sector accounted for 20.3 per cent of the overall GDP, down from 21.5 per cent.

Expansion

Mr. Gbenga said the bank currently has 18 branches and two agencies in Ghana and was keen on increasing the number going forward.

He said the bank was much interested in roping the unbanked population into the banking sector adding that the bank would deploy state of the art technologies.

He said the long-term vision of the bank was to be the clear leader in customer satisfaction through the delivery of efficient services.

“We want to be the market leader not only in terms of balance sheet but customer satisfaction. We are in business because of customers,” he said.

Mr. Gbenga said the bank would provide an excellent product offering, especially in the digital space (online and mobile banking) as well as outstanding customer service.

”With a combination of technology, mobile banking and vehicle banking and good interaction with them, we can make a difference in the way they approach. Obviously one also expects some changes from them in the way they do things.

By David Adadevoh 

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