GN Bank Will Exceed GH₵400m Capital Requirement

Dr. Papa Kwesi Nduom, the Board Chairman of the Groupe Nduom (GN) Bank has assured that said that the bank will meet or exceed the GH₵400million minimum capital requirement imposed by the central bank.

According to him the bank will raise a minimum of GH¢600million by December 31, 2018.

Mr. Nduom emphatically said that his bank will raise the GH¢400million before the December deadline by revealing that on August 10, 2018, GN Bank submitted a road map to meeting the Bank of Ghana’s requirement for its review.

“If approved, the bank will meet or exceed the minimum capital requirement. In exceeding the amount, they hope to get to a minimum of GH¢600million by December 31, 2018 so that in case of anything we will meet the minimum,” he said.

Speaking at a press conference recently, Dr Nduom said “It is local banks that cater for the needs of the rural economy. It is local banks that cater for the needs of the rural economy. GN Bank has been a leader in the national retail market with over 300 locations and presence in every region and in almost all districts.

“I wish to encourage Ghanaians to patronize our Ghanaian-owned banks. I am referring to individuals, corporate-type companies; and there is one group I want to direct this to – the pension funds”.

He assured customers that the GN bank cannot only be technically liquid, but most importantly it will be a safe and sound place for people to keep their money.

By: Hannah Bonful