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Stanbic Bank Looks to Increase Personal Loans Following Expansion

Stanbic Bank Looks to Increase Personal Loans Following Expansion

From Ghana Web

Stanbic Bank Ghana says it is poised to deepen its consumer and corporate banking activities in the country, having used the last six years to expand its reach across the country.

Consequently, Stanbic Bank, a member of the Standard Bank Group of South Africa, expects to work closely with its corporate customers with the view to granting more loans while encouraging consumer clients to step out for various personal loans such as car, education, mortgage and other personal loans banking.

The Managing Director of the bank, Mr Alhassan Andani, said the bank had spent the last few years to build branches, augment its human resource and strengthen its interface with customers through cutting-edge technology and processes, which had made the bank ready to deepen its offering to the public.

SME Lending

Mr Andani said the bank, like many other universal banks in the country, had loanable funds and would deepen lending to small and medium scale enterprise sector.

However, enterprises must have basic good governance structures and also the bank was ready to work closely with those it identified in need of it for them to comply.

Agriculture

“We have a focused approach to agriculture and this year, we’d like to double our portfolio on agriculture,” Mr Andani said.

Read more at Ghana Web