Our deposits increased – GN Savings

The management of GN Savings, a subsidiary of Groupe Nduom, has said that despite the recent developments in the banking sector, the financial firm has experienced an increase in deposits by clients in the past weeks...


The management of GN Savings, a subsidiary of Groupe Nduom, has said that despite the recent developments in the banking sector, the financial firm has experienced an increase in deposits by clients in the past weeks.

According to the Chief Executive Officer of the company, Mr Issah Adam, “the recent successes can be attributed to the measures the financial institution has put in place to ensure that customers of the company are served better”.

Mr Adam said the difficulties GN Savings encountered as a result of the recent banking crisis, demanded that they reviewed operations of the company and adopt measures that will secure the interest of depositors.

This, he said, necessitated the introduction of the LRB (Local, Regional Banking) concept in December 2018, which chalked successes that culminated in bringing life to most of their banking halls dotted around the country.

To him, LRB is a means to serve people better while the shareholders of the financial institution made efforts to inject more capital into the business to address the liquidity challenges they are currently facing.

“Today, we want you to know about the strategy we have adopted to guarantee unlimited withdrawals of your deposits when the need arises. We call it LRB (Local, Regional Banking). Since we started LRB, in November 2018, we have chalked some successes. LRB assures that those who bring new deposits get unrestricted access to their funds”, he noted.

He continued: “If a customer brings GHS1,000 on Monday, they can come back on Tuesday and withdraw some or all of it. They can ask us to send part of the money to another branch in a different region and get the money there. It is working for traders, lawyers, students, companies with customers spread throughout the country and others. This has resulted in strengthening some of our branches, making them relatively liquid. It is bringing back customer confidence step by step, one person at a time”, he said.

With the new LRB concept, Mr Adam is challenging Ghanaians, especially the market women who were doing business with the company in the recent past, simply because GN Savings provided convenience, to come and give it a try.

Mr Adam used the opportunity to thank the Ghanaian banking public for their patience during the difficult days and promised that going forward, he was going to focus on customer-driven initiatives that will ensure that whoever saves at GN Savings leave their banking halls fully satisfied with the services rendered them.

Source: Ghana/ClassFMonline.com/91.3FM



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