Sunday, May 2, 2010

BARCLAYS OPENS NEW BRANCH IN GUMANI (PAGE 38, MAY 1, 2010)

THE growing business opportunities in the Tamale metropolis continue to attract the attention of more banks with the existing ones opening additional branches.
The latest to increase its presence in the metropolis is Barclays Bank. Their newly constructed Gumani branch was opened to the general public last weekend. This brings to two, their branches in Tamale and the 92nd nationwide.
According to the Managing Director of the bank, Mr Benjamin Dabrah, the decision to establish an additional branch in the metropolis formed part of their long-term strategy.
It also followed the impressive performance of the main branch and the growing number of customers who are attracted to the innovative products of the bank in the area.
He also explained that it was part of the bank’s objective to expand its footprint and to consolidate its position in becoming the number one bank in the country by providing strategies and products that would respond to the needs of Ghanaians.
He said developments in the country's banking sector in the first quarter of the year indicated a continued strong asset growth on account of significant increases in deposits and shareholder funds and advised the people to avail themselves of the opportunities and gains made so far.
Mr Dabrah further indicated that the bank was also into community development and had funded a number of projects as part of its social responsibilities.
He mentioned the Nadowli Women's Advocacy Group in Upper West Region, Afram Plains Development Organisation, Challenging Heights, School for Life and the Guinea Worm Eradication Programme in the Northern Region as some of the beneficiaries of their support.
The Director of the bank’s Consumer Banking, Nana Benneh, also explained that the decision for the expansion was to bring world class banking to the doorsteps of the people and therefore, urged them to “continue to do business with us because in Barclays, you have indeed found your financial partner”.
The Deputy Northern Regional Minister, Mr Nasamu Asabigi acknowledged the significant contributions made by the private sector to the growth of the economy and entreated the bank to extend its support to farmers and peace initiative programmes in the area.
“I also wish to appeal to the management of the bank to consider making it easier for more people to be able to access loans to expand their small-scale businesses, particularly the women in view of the fact that such support has become a major source of livelihood for our people,”he indicated.
On behalf of the chiefs and people, the minister commended the bank for its long presence in the metropolis and also establishing an additional branch to respond to the demands of the people.

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