Union Savings Opens Sixth Branch



micro pixUnion Savings and Loans Company has opened its sixth branch in the Western regional capital, Takoradi to meet the increasing capital needs of businesses in the Sekondi-Takoradi area.

The Managing Director of the company, Mr Philip Oti-Mensah, told guests at a ceremony to inaugurate the offices of the new Takoradi branch of the company that the move was also to help to generally improve the lives of the people in the metropolis.

He noted that Union was one of the oldest savings and loans companies in Ghana, having operated in the financial sector for the past 24 years.

Mr. Oti-Mensah said the company had a very good capital base as well as qualified personnel who continually create innovative, technology-based and tailored products and services to exceed clients’ expectations.

The Chairman of the Board of Directors of Union Savings and Loans Company, Mr. Baba Issah said the company aimed at becoming “one of the top three savings and loans companies in the country by 2015 and a dominant universal bank by 2017”.

He also reiterated that, with the company’s many years of experience, it was a reliable financial partner for all individuals and businesses.

An Assistant Director at the Banking Supervision Department of the Bank of Ghana, Mr. Boyd Donkor, advised Union to pay serious attention to good corporate governance, internal control and risk management in order to realise its corporate mission and objectives.

A representative of the Metropolitan Chief Executive of the Sekondi-Takoradi Metropolitan Assembly (STMA), Capt. Anthony Cudjoe (rtd), Mr. Samuel Yirenkyi Appiah charged Union to honour its tax obligations and corporate social responsibilities.

The manageress of the new branch, Ms. Ivy Adjorkor Adjei, stressed Union’s commitment to good banking practices that would protect depositors’ funds and thus encouraged the people to do business with Union without fear.

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