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FirstBanC Opens New Branch in Tema

Author: Emmanuel Bruce

The FirstBanC Financial Services (FirstBanC) has opened a new business branch in Tema.

The new branch is aimed at providing exiting and potential clients the opportunity to open new investment accounts, top up on their investments and enjoy investment and financial advisory services to support their businesses.

The Managing Director of FirstBanC, Mr Samuel Asiedu, said the opening of new branches outside the Accra metropolis was to provide investment banking services to clients as its clientele base continued to grow as demonstration of market appetite. He said FirstBanC’s clientele base has grown from 842 in 2010 to over 14,000 across the country.

“As our clientele base grows across the country, there is the need to open up branches to enable our clients and potential investors to access our investment products and expertise,” he stated.

He said the opening of the new branch would draw it closer to its customers to extend provision of excellent customer service delivery.

The MD also mentioned the company intended to open two more branches in other regions as it aimed to doubling its current client base in three years time.

Operating within the regulations

The Deputy Director General of Finance of the Securities Exchange Commission, Mr Lawrence Yirenkyi Boafo, said the opening of the branch would help increase the footprints of the company across the country. 

He said it would also provide an opportunity and access to individuals and corporate bodies to transact their investment business at their convenience. 

“For us (SEC), this calls for celebration as it adds to the growth and development of the capital market,” he said.  

He, however, noted that growth always came with challenges and, therefore, urged the board and management of FirstBanC not to take their eyes off the ball but to put in stringent controls to ensure that they operated within the rules.

“On our part and in line with our mandate as the regulator of the capital market, SEC will continue to support innovation and drive the industry’s development while harnessing the potential of the private sector and industry to support Ghana’s economic development agenda,” he added. 

The paramount chief of Tema traditional area, Nii Adjei Kraku, was excited the FirstbanC had opened a branch in Tema