GCB Bank Grows Loan Portfolio

simonThe GCB Bank Limited has recorded an increase in the bank’s loan portfolio from GH¢450 million in 2011, to GH¢1.3 billion, this year.

The growth, which represents approximately 300 per cent, was as a result of the bank’s capacity to broaden its lending market.

Speaking at a Breakfast Meeting in Accra, the managing director of the bank, Mr. Simon Dornoo said the bank further anticipated higher growth in the future due to its rebranding programmes, including the enhanced technology in banking.

According to him, the bank had given out over 900 million loans to relieve the financial strain on many and help raise the quality of life of many more households.

He said the bank expected to carry out a branch optimisation programme that would upgrade its branches with the state-of-the-art technology across the country.

“We also wish to refurbish over 150 branches of the bank to meet the demands of customers over a five-year period. This will include opening of new branches in areas where the bank is under-represented,” he said.

Mr. Dornoo said that the bank was strengthening its representation in rural areas to bring banking services to the new customers by using appropriate and sustainable business models.

He explained that the initiative was to ensure that customers were provided with easy and accessible banking across the country.

“We have also set new standards for customer service which do not only include quality of employee interactions with customers but also banking environment,” he said.

According to him, the enhancement of its Information Technology (IT) base had led to the bank recording over one million Automated Teller Machines transactions monthly, compared to less than 100,000 transactions three years ago.

By Charles Amankwa         


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