Business News of Friday, 30 December 2011

Source: Daily Guide

Fidelity Re-Launches Flip Product

Fidelity Bank Ghana Limited, one of the fastest growing indigenous banks in the country, has re-launched its flagship investment product Flip Investment Account, to encourage Ghanaians to cultivate the habit of investing for a better future.

The new Flip, a medium to long term product, comes with fresh features that will entice all and sundry to part with some of their monthly income.

For instance, those who invest GH¢100 every month could earn about GH¢8,500 in three years time while those who invest GH¢500 could earn over GH¢300,000 in three years.

At the same time, the bank also launched its Platinum Club for its prestige customers. The Platinum Club has been put together to make customers of the bank feel good in the coming months and years.

Jim Baiden, Managing Director of the bank, said the consistent patronage and business has enabled the bank to make some strong in-roads into the banking market space in five years.

According to him, the bank is engaged in all aspects of banking-retail, wholesale, treasury, mortgages, wealth management, e-banking, among others.

He added that the bank has been involved in some of the biggest syndicated facilities to boost the economy of Ghana.

Expressing delight at the achievement of the bank so far, he said, “Our balance sheet will very soon cross the GH¢1 billion mark. We now have a branch network of some 39 branches and 48 ATMs in eight of 10 regions of Ghana.”

Urging everyone to invest in the Flip product, he said “as we enter a brand new year in 2012, you will want to enrich your resolutions with a plan that makes you wealthier in three year’s time. You will want to break the cycle of financial hardship in your own life and that of your family.”

Fidelity Bank Ghana was recognized as the Best Bank, Customer Service during the 2011 Ghana Banking Awards. It was also acclaimed the 19th Best Company in Ghana in 2011.