uniCredit Ghana Limited says developments in the country's financial sector has created both challenges and opportunities in its quest to remain competitive.
The savings and loans company is therefore exploring ways to broaden its based and enhance prospects for sustained growth and improve its market share.
“In line with its mantra 'Your Caring Partner', the company would provide products and services in the most efficient and effective manner to gain the needed competitive edge and distinguish itself from other competitors by its performance and relevance, particularly in the microfinance sector”, stated Managing Director, Stephen Ameyaw, uniCredit Ghana Limited.
He was speaking at the opening of the institution's 1st branch opening in Kumasi.
uniCredit has registered over 100 percent growth in the number of depositors, and tripled deposits within the past three years.
According to Mr. Ameyaw, the company has also doubled it loan advancement from Gh₵25.5m in 2009 to the current Gh₵50.9m.
The Kumasi operations, he said, will provide financial and other support services to low income earners as well as micro small and medium scale enterprises.
“We wil help them to effectively manage their business, so that there will not be this issue of business collapse as a result of bad decisions taken by such SME firms,” Mr. Ameyaw told Luv Biz Report.
General Manager of uniCredit, P.V. Yeboah Asiamah noted uniCredit offers unique provides to meet the socio-economic needs of clients, including payment of interest on susu savings and current accounts.
An additional branch of uniCredit is expected to be opened at Suame.
Story by Kofi Adu Domfeh/Luv Fm/Ghana