The BEIGE Bank has officially been launched in Accra.
Speaking at the launch in Accra, the CEO of BEIGE, Mike Nyinaku, said the bank has come at a time when Ghanaians are expecting local banks to lead in the economic growth agenda of the country.
“There’s a wind blowing. It’s a wind of change. It’s very contagious and stimulating. This wind is carrying with it a feeling of hope, self-belief and somehow an aura of patriotism. Suddenly people of Ghanaian descent are thinking big and global in spite of the obvious lack of resources.
“Let’s take advantage of this wind and galvanise Ghanaians into action and endeavour. Keeping in mind, however, that many of these entrepreneurial adventures may fail but I believe that if one out of every 10 succeeds, the wheels of prosperity would gradually be turning in our favour, one business at a time,” he said.
Mr. Nyinaku stated that the bank will not deviate from serving the SME sector of the economy where the bank has grown a huge customer base.
“We are a traditional SME financing institution. That’s where we have built out capacity and that’s where we can play with our competitive strengths. We do not see ourselves veering into corporate banking at least for the first 5 years of our existence. We will play where we are good at. More than 80% of the economically active population of this country are in the SME space. That is big business” he stressed.
About BEIGE
BEIGE is a financial services firm with business operations in Banking, Pension, Insurance and Investments.
It began operations with one branch in 2008 and now boasts of over 70 branches across the country.
It is also considered to be the largest Savings and Loans Company to be given the Universal Banking Licence to operate as a bank in Ghana.
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By: citibusinessnews.com/Ghana
