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Business News of Thursday, 6 December 2012

Source: GNA

Energy Bank to expand branches

Energy Bank says it plans to increase its branch network and Automatic Teller Machines (ATMs) to 60 countrywide by the end of 2012, in order to provide reliable products and services to its clients in all the 10 regions.

“The bank seeks to provide convenient reliable products and services locally, regionally and internationally. The bank is in the process of developing its Visa platform to add to our suite of self-help services,” Ms. Ophelia Attobrah, Executive Director, said.

She was speaking at the “End of Year Customer Forum and Cocktail’ organised by the bank to strengthen its relationship with its customers and to address their concerns.

She debunked the notion that the bank is only focused on the energy sector. “The ‘energy’ in our name does not necessarily mean that we are solely going to focus on the energy sector. The ‘energy’ represents vitality, strength, vigour and dynamism that we deploy in our dealings with customers. It is about doing things better, doing things never done before; it is about creative innovation,” she said.

Mr. Sam Ayininuola, Managing Director of Energy Bank, said the bank “plans to grow along the West Coast and then move on to establish a branch in London. This is to make it easier for customers to transact business in Europe and America.”

He indicated that the event will be an annual affair to address the grievances of its clients and strengthen the working relationship.

In barely a year of operation, the bank has established eight branches—Spintex and Suame branches are set to be operational by the close of the year. It is also looking at increasing its capital base from the initial GH¢60million to about GH¢100million to place it in pole position to finance big-ticket transactions.

The bank, which is a subsidiary of Global Fleet Group, this year introduced the Energy Temple Account, Energy Kid Account, and Energy School Fee Pay.

The Energy Temple Account is an operational current account linked to an interest-bearing investment account with churches as its target clients, while the Energy Kid is aimed at encouraging parents to save for the children as well as to inculcate in children the habit of saving.

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