Daniel Addo, CEO of Consolidated Bank Ghana
Consolidated Bank Ghana (CBG) Limited has assured its customers that it will meet their needs through its branches and channels.
“However, as a new bank created out of several legacy institutions, there would of necessity, be a period of stabilization required to synchronize our operations across all our channels, the scope of which would be quite broad and cover every facet of our operations, especially with regards to our staff, products, channels and technology.
According to management of CBG, it would make the synchronization as brief as possible without disrupting or diluting its commitment to providing outstanding services to all stakeholders.
“CBG starts on a strong footing and we intend to use our size, as well as the knowledge and vast experience of our management and staff to support large and small businesses across the country, play our part in ensuring a stable financial sector and finally support the industrialization and economic transformation agenda of the government.”
With a stated capital of GH¢450 million, a branch network of 175 and presence in regions of Ghana, CBG called on customers to exercise patience and continue to support it, adding that “the new entity is irrevocably committed to building an institution that would stand the test of time and become one of the leading beacons of the Ghanaian nation.”
With its 175 branch network, Consolidated Bank Ghana Limited (CBG) has overtaken GN Bank with 90 branches and Ecobank Ghana Limited with 67 branches to become the second biggest bank by branch network.
Ecobank has been operating in the country since 1990 while GN Bank has been in business since 1997, first as a savings and loans company before upgrading to a bank in September 2014.
However, CBG trails GCB Bank Limited, which has 183 location points in the 10 regions of Ghana.
By Samuel Boadi