[ 2011-04-21 ]

Ammishaddai Owusu-Amoah, Managing Director, Unibank

uniBank Launches 10th Anniversary
uniBank Ghana Limited on Tuesday launched its 10th
Anniversary in Accra to mark its success since
2001.

The bank, which started operations with only one
branch at its current head office in 2001, can now
boast of 13 branches across the country. It
intends to add seven branches to its network this
year.

Opoku-Gyamfi Boateng, Board Chairman of the bank,
at the launch, said the anniversary was not only a
time for the bank to celebrate its success over
the years but evaluate the challenges confronting
it, as well as re-strategize for the future.

He noted that the financial intermediary has put
in the necessary strategies to overcome challenges
in future, adding that it is poised to explore the
business opportunities in the promising sectors of
the economy and also provide the necessary
financial intermediation and advisory services to
meet the needs of clients.

“Our commitment to the SME segment will remain
paramount in the next decade. We plan to identify
more promising entrepreneurs and nurture them to
become business giants,” Mr. Boateng indicated.

Continuing he said “We are determined as a bank
to leverage on our state-of-the-art Information
Technology (IT) infrastructure to develop a lot of
e-banking product in the ensuing years. We
therefore pledge to provide superlative services
that are accessible to the consumer.

He applauded customers of the bank, the Central
Bank, banking fraternity, past board members and
managing directors and loyal staff for supporting
the bank immensely.

Millison K Narh, Deputy Governor of the Bank of
Ghana (BoG), who launched the anniversary,
commended the bank for competing aggressively in
the competitive banking industry, adding, “It is
gratifying to note that uniBank has not been left
out in the cutting edge IT infrastructural
development.”

Commenting on the performance of the bank over the
years, Ammishaddai Owusu-Amoah, Managing Director
of the bank said uniBank witnessed a significant
growth in total deposit, loans, profit before tax
and shareholders fund from 2003 to 2010.

Significantly, deposits grew from GH¢7.36 million
in 2003 to GH¢307.87 million in 2010 whilst loans
and advances increased from GH¢3.0 million in
2003 to GH¢220.558 million in 2010.

At the same time total assets grew from GH¢9.6
million to GH¢393.49 million while profit before
tax shot up tremendously from GH¢81,000 to
GH¢6.832 million.

The growth, he added, translated into a consistent
increase in the industry market share for the
bank.

Over the past 10 years, the bank has won over 20
awards from the Corporate Initiative of Ghana,
organizers of the Ghana Banking Awards.

In the area of corporate social responsibility and
its core value, the bank has impacted on the lives
of many needy individuals and organizations
through donations and kind gestures.

Activities lined up for the celebration include
the launching of the bank’s new website,
unveiling of the 10th Anniversary cloth, medical
mission, seminar for SMEs, among others.

Source - Daily Guide

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