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Business News of Saturday, 27 September 2014

Source: GNA

Ezi Savings and Loans now Firstrust

As part of efforts to be a leading conglomerate in the financial industry in Ghana, Private Equity Firm, Ideal Financial Holdings Limited has acquired Ezi Savings and Loans.

Ezi now Firsttrust Savings and Loans will be officially out-doored on Tuesday, September, 30th, 2014 has been revamped to provide excellent financial service to its customers.

Ezi which was near collapse has been strengthened with massive investments in human capital, technology, product and innovations to propel service delivery for its customers.

Chief Executive Officer of Ideal Financial Holdings, Dr. Nii Kotei Dzani said they intended to move the brand to the next level.

He disclosed that they have so far injected about GH?10 million in Firstrust and are aiming to meet the Bank of Ghana’s minimum capital requirement of GH?15 million at the end of 2014.

“We are looking forward to becoming a universal bank in two years with the backing of Ideal Financial Holdings to enable us beat our competitors” he added.

Dr. Dzani however assured the staff of Ezi Savings and Loans of job security since there will not be any major restructuring.

Ideal Financial Holdings Limited is a non-bank financial institution with interest in finance, mining investment banking and insurance