Patrick Fiscian, MD, Heritage Bank
Heritage Bank Ghana Limited has disclosed that it’s firmly on track to meeting the new minimum capital requirement of GH¢400 million ahead of the stipulated deadline.
Managing Director of the bank, Patrick Fiscian disclosed this to the media during an interaction on the sidelines of the SMEGA (SME Ghana) 5th anniversary breakfast meeting.
He stated that management of the bank initiated plans to meet the revamped minimum capital requirement even before the bank commenced operations in 2017.
“Prior to the official opening of the bank, we were well aware of the proposal by the Bank of Ghana to inject fresh capital, this has therefore been at the fore of our strategy even before we open our doors to the public,” he added.
He also predicted that Heritage Bank would emerge as one of the strongest local banks after the Bank of Ghana’s recapitalization deadline elapses.
Mr Fiscian further asserted that the move by the Bank of Ghana (BoG) was understandable, as it would strengthen local banks and provide them with the financial capacity to provide relevant services to facilitate business and spur economic growth across the country.
Heritage Bank is one of the newest entrants on the Ghanaian banking scene.
It marked its first anniversary in February this year.
Within a year of operations, the bank has established seven branches, with four in Accra (Airport City, East Legon, Dzorwulu, Abossey Okai), two in Kumasi (Adum and Suame-Magazine) and one in Tema.
The bank also has some of the most efficient digital banking platforms and consumer asset finance loan offerings on the market, as well as a host of other bespoke products.
A business desk report