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Business News of Friday, 13 February 2015
Source: B&FT
Databank, GTBank to boost client comfort and investments
Databank Group and Guaranty Trust Bank (Ghana) Limited, two of Ghana’s biggest and innovative brands in the financial services industry have entered into a unique partnership agreement that will see Databank set up partner locations in selected GTBank branches across Ghana to offer investment solutions and other related services.
The service will be rolled out in six selected GTBank branches namely Airport, East Legon, Osu, Ashaiman, Cape Coast and Tamale branches and will eventually be rolled out across all branches nationwide.
This partnership, which is the first of its kind between an independent bank and an investment firm, will see Databank setup representative desks in each partner location to enable clients to purchase any of Databank’s five mutual funds, namely Databank Epack Investment Fund (Epack), Databank Money Market Fund (MFund), Databank Balanced Fund (BFund), Databank Educational Investment Fund (EdIFund) and Databank Ark Fund (ArkFund).
Existing Databank clients would be able to check their account balances and sign up for value-added services such as Databank Notification Alert, Direct Debit and Prepaid ATM cards.
Through the new service, clients can also be able to top-up their mutual fund investments at any GTBank branch nationwide.
According to Databank Chief Executive Officer, Mr. Kojo Addae-Mensah, this initiative is in line with Databank’s mission of helping its customers to achieve financial independence, through providing financial education and offering a diverse range of investment products and services.
He said: “At Databank, we are all very excited about this new partnership. GTBank has a very strong brand in Ghana and has made amazing strides since it opened in 2006.
“Through this partnership, we believe we can really reinforce a culture of investing among Ghanaians that will not only positively impact individuals, but also help move our country forward financially as financial independence is not just a catch phrase at Databank.,” he said.
