Ecobank Ghana and GN Savings have signed an agreement for the establishment of a partnership between the two financial institutions.
The agreement was signed on Friday, 29 March 2019 at the office of GN Savings.
The agreement will see the two institutions work together in areas that will be mutually beneficial to both entities.
The deal became necessary due to the re-classification of GN Bank as a Savings and Loans company, now called GN Savings.
Speaking at the signing ceremony, Mr Issah Adam, CEO of GN Savings, said: “With this partnership signed, we urge our clients and the Ghanaian banking public to continue doing business with us”.
“With 300 locations nationwide, GN Savings brings to this relationship the widest physical outlets for the distribution of financial services in Ghana, creating the desired convenience for customers, especially in the rural areas”.
For his part, Dr Edward Nartey Botchway, Executive Director of Finance, Ecobank Ghana, and CFO Anglophone West Africa, said: “We at Ecobank are happy with the opportunity to provide banking services to GN Savings. The re-classification of GN Bank to GN Savings has resulted in the need for a Banking partner for GN Savings & Loans. We believe our superior technology platform and dedicated staff makes us indeed the ideal partner to support GN Savings and Loans in this regard. For us, this is not just a transaction but a partnership that will serve both institutions well. We believe that this partnership will grow and possibly lead to other forms of strategic alliances in the coming years”.
Present at the ceremony were the Chairman of GN Savings Dr Papa Kwesi Nduom; Dr Nana Kweku Nduom, Vice-President, Groupe Nduom; Mr Robert Danso Boakye, COO for GN Savings; Mr Alfred Sakyi, Ecobank Head of Commercial Banking, Ghana and Anglophone West Africa; Ms Adobea Addo, Ecobank Head of Branch Network; Mr Kingsley Adofo-Addo, Ecobank Head of SME; and Mrs Kelda Ofedie Ocansey, Ecobank Relationship Manager for Non-Bank Financial Institutions.
Graphic
