UniBank Eyes Top Position

uniBank Ghana

UniBank Ghana Limited, a wholly-owned Ghanaian financial institution, has indicated that it is determined to attain first tier status in the banking sector.

The bank intends to achieve this status as well as command a sizeable share of the market by the end of the next decade.

Felix Nyarko-Pong, Chief Executive Officer (CEO) of Unibank which celebrated its 10th anniversary this year, speaking at a programme to climax the celebration, said the bank had chalked significant and impressive achievement notwithstanding the challenges of time since its inception.

He said the bank is a first-class employer “employing the best on the local market and retaining the best.”

In line with this, Unibank has been winning awards over the years.

Barely a year after commencing operations in the country, Unibank was adjudged the best bank in customer care and “we have gone ahead to win best bank or runner-up eight times in the 10 year history of the illustrious banking awards; more than any other bank in Ghana.”

In 2011 the bank won five awards as it was named best bank customer service; best bank corporate banking; best bank advisory service; best bank trade financing and second runner-up long term financing.

Mr Nyarko-Pong noted that the bank can now boast of a total asset of GHC750 million from GHC2.71 million in 2001 when the institution was established while its net profit after tax stands at GHC15.8 million.

On capital, the CEO mentioned that the net worth of the company stands at GHC38 million but gave assurance that the board of the bank was working to raise its stated capital to GHC 60 million by December 2012 as directed by the Bank of Ghana (BoG), regulators of the banking industry.

In the last decade, Mr. Nyarko-Pong said the bank had extended support to society through its social corporate responsibility initiatives in the area of health and sanitation, education and youth employment.

Furthermore, with focus on Small and Medium-scale Enterprises (SMEs), he said Unibank had identified and assisted a number of organizations to blossom into “big businesses which are the envy of many in Ghana.

Unibank, which had one branch in 2001, now has network of 19 branches and one agency and ranked 10th out of 25 banks and 15th in terms of total assets.

It holds about 4.1 % of industry.

By Emelia Ennin Abbey

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