uniCredit Ghana Limited, one of the leading Savings and Loans Companies in the country, has opened a branch in the industrial hub of Kumasi, Suame. The new branch which is the ninth branch of the institution was opened over the weekend at a short ceremony in Suame.
Speaking at the opening of the branch, the managing director of uniCredit, Mr. Stephen Ameyaw reiterated the firmís commitment to its customers in helping them grow their finances.
Mr. Ameyaw indicated that the primary objective of the Company is to provide attractive deposit and credit delivery services to individuals, micro, small and medium scale enterprises. He said the long run objective of the Company is to help small savers and borrowers to improve on the quality of their life through wealth creation and thereby increase their financial resources.
Touching on the firmís steady growth over the years, Mr. Ameyaw said the efforts made to promote deposit mobilization and credit delivery have paid off, as evidenced from significant increases in deposit and credit portfolios. He said the number of depositors which stood at 41,150 in 2009 currently stands at 96,045 registering a growth of over 133.4%. Similarly outstanding deposits increased from GHS 18.3 million in 2009 to the current level of GHS 109.1 million registering about six-fold growth.
He stressed that the company would continue to help build the capacity of its customers to help them improve on their productivity while creating the necessary platform to get closer to such customers in order to help them address their challenges.
Franklin Belnye, Head of Banking Supervision Department, Bank of Ghana commended uniCredit for the strides it has so far made and urged them to continue in the delivery of quality services.
He noted with delight uniCreditís steady growth, with total assets now reaching GHS 122.4million representing 3.8% of the market share.
According to him, the company has complied with the minimum paid up capital requirement with shareholders equity standing at GHS 9.5million.