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Business News of Tuesday, 21 December 2010

Source: GNA

UT Bank advises clients to invest loans in profitable ventures

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Ho, Dec. 21, GNA - Mr Prince Kofi Amoabeng Chief, the Executive Officer of UT Holdings, has appealed to clients of UT Bank to invest loans from the Bank in profitable ventures. "We will deliver on our promises and we expect same from you," Mr Amoabeng gave the advice in response to issues raised at an end-of-year cocktail for its customers in Ho. He said some clients tended to divert their loans into other non profitable ventures which made it difficult for them to service their loans on schedule. Mr Amoabeng said those who were unable to meet loan repayment schedules to approach the Bank in good time with their difficulties and not give caus= e to the Bank to come after them.

"This is because the Bank is also under obligation to meet its commitments to shareholders and depositors on time," he said. Some of the customers urged the Bank to hold regular seminars for its clients on its loans administration and other policies. Some were of the view that many potential clients of the Bank were scared because of what they heard about the Bank's approach to recouping loans.

Others however said the Bank's strict approach to loan payment had helped them to become disciplined in their business activities resulting in tremendous gains to them. Colonel Cyril Necku (rtd), the Deputy Volta Regional Minister, called o= n the UT Bank to prepare itself to reap the benefits of investments and business opportunities that would be flowing into the region from next year= ..

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