Union Savings & Loans is on the verge of becoming a full-fledged bank in the coming weeks after distinguishing itself in the Savings and Loans industry.
In a transition engagement with clients in Accra recently, Board Chairman of Omni Bank Baba Issah, said that the evolution sought to maintain and improve its focus to serve its numerous clients better.
He called on clients to keep faith with his outfit and expect more improved services.
Mr Issah said, “Our focus and vision is to be a small bank, our tag line hasn’t changed; rapid bank in excellence service, still going to be close to our customers, give our customers financial services and business advisory services to ensure that at any point in time we know what he or she is doing.
“Basically our stand is not going to change, our interest rate is not going to change overnight, we are not going to do anything drastic. What this new status gives us is to serve the customer better because we have a bigger capital base so it means that depositors’ funds are safer. Those customers we couldn’t serve well because we were Savings and Loans, our attitude and stand hasn’t changed.”
Over the past 27 years, the company has evolved from a forex bureau to a savings and loans institution, and now it wants to dominate the banking industry after meeting the GH¢120 million capital requirement of the Bank of Ghana (BoG).
A Business Desk Report