No Result
View All Result
Saturday, June 25, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    CBOD calls for a more structured supply of Forex for petroleum products

    Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020

    Ghana International Bank reaches agreement with UK’s FCA over £5.8m fine

    UK watchdog fines Ghana International Bank for poor anti-money laundering systems

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Node 8, Ghana Tech Lab partner on Pathways to the adoption of Digital technologies in e-commerce

    Government is committed to stabilizing cedi – Ofori-Atta

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

    #CitiBusinessFestival: Forum on surviving uncertainties of consumer markets comes off today

    A law that will compel banks to lend to Agric sector players being considered – Min. of Agric

    National Unemployment Insurance Scheme training launched

  • TECHNOLOGY

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    CBOD calls for a more structured supply of Forex for petroleum products

    Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020

    Ghana International Bank reaches agreement with UK’s FCA over £5.8m fine

    UK watchdog fines Ghana International Bank for poor anti-money laundering systems

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Node 8, Ghana Tech Lab partner on Pathways to the adoption of Digital technologies in e-commerce

    Government is committed to stabilizing cedi – Ofori-Atta

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

    #CitiBusinessFestival: Forum on surviving uncertainties of consumer markets comes off today

    A law that will compel banks to lend to Agric sector players being considered – Min. of Agric

    National Unemployment Insurance Scheme training launched

  • TECHNOLOGY

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Union Savings & Loans to be known as OMNI bank

bycitibusinessnews
June 12, 2016
in Banking And Finance, News, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

Union Savings and Loans will be rebranded as Omni bank as it begins its journey as a bank in a few weeks.

Union Savings and Loans which was issued with a provisional banking license by the Bank of Ghana late last year – 2015 is expected to commence operations as a commercial bank in July, 2016.

[contextly_sidebar id=”pCd9aHcshGcDn0yX72CdQ24QGlzgpVU5″]Citi Business News has gathered union savings and loans has met the 120 million cedis minimum capital to operate a universal bank as against the 15 million cedis for a savings and loan company.

ADVERTISEMENT

Registered in 1989 Union Savings & Loans is one the oldest savings and loans companies in Ghana.

Union Savings and Loans has been operating in the banking sector as a “tier 2” Bank and has undergone major restructuring and recapitalization in the last few years.

In 2013 the company set out with a new vision to be at the top of the tier 2 banking space by 2015 and by 2017 to become a bank.

Earlier the Managing Director of Union Savings and Loans, Philip Oti- Mensah speaking to Citi Business News about the company’s performance so far said “since we set of, we grew our total assets from just about 15million in 2012, by end of 2014 184 million, and that is about a 12 fold growth.

At the same time we increase our deposit base from just about 10 million in 2012 to almost a 100 million in 2014, and that is about a 10 fold increase.

We’ve grown our loan portfolio by almost 12 fold. And with these we have indeed not only become a strong brand in the tier 2 banking space but also left to the key figures we are indeed in the top 5.

Despite the short term successes we believe that these first 3 years have largely been a period of building a brand therefore we are not satisfied, we want to achieve more towards vision 2017 as we seek to become a dominant commercial bank,” Mr.Oti-Mensah added.

–

By:  Vivian Kai Lokko/citibusinessnews.com/Ghana

Related Posts

Business

Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

byNerteley Nettey

Vice President, Dr. Mahamudu Bawumia, has reiterated the need for a regional approach to enhance the competitiveness of Africa. According...

Read more

CBOD calls for a more structured supply of Forex for petroleum products

Economy grows by 3.3% in Q1 of 2022; slowest since Q3 of 2020

Ghana International Bank reaches agreement with UK’s FCA over £5.8m fine

UK watchdog fines Ghana International Bank for poor anti-money laundering systems

Bank of Namibia Governor pays courtesy call on BoG Governor

DBG funds will not be used to buy gov’t securities – Deputy CEO assures

Next Post

More International airlines expected to suspend flights to Nigeria

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.