Management of the Republic Investment Services have said, the bank is currently investing significantly in infrastructure in order to reach all customers through the mobile money interoperability system.
Officials say developing the the infrastructure is key to ensuring that they are able to reach a sizeable customer-base and to grow the company’s profit.
“This is where the world is heading and we expect that everyone is able to reach us through that. I can confirm that by the end of 2018 we expect a lot more unit holders to join us.” Mr. Peter Larbi Yeboah, CEO of Republic Investment Services told the Goldstreet Business at the 2017 AGM of the Republic Investments Services in Accra.
With a recent takeover of HFC Bank by the Republic Bank from Trinidad and Tobago, the then HFC Investment now Republic Investment Services Limited have in excess of US$10 billion.
Mr. Yeboah explained that the takeover offers lots of expertise and best practices that would be engaged to manage the fund.
“The bank itself is very well diversified and as time goes on will be issuing instruments which we can also tap into” he said.
Mr. Yeboah expressed optimism on growth projections for the future of the bank, describing it as bright.
“We’ve seen interest rates coming down, exchange rates stabilizing and inflation currently at 9.6 percent and that is good for growth.
By Wisdom Jonny-Nuekpe|goldstreetbusiness.com