First National Bank Ghana has confirmed the conclusion of the merger with its subsidiary, GHL Bank. The merged entity will be known as First National Bank Ghana.
The newly formed and strengthened entity will offer a portfolio of unique
innovative financial solutions for retail, corporate and investment banking
clients. The bank has also enhanced existing solutions for the housing and
real estate markets.
“We are very excited about the work that we have done to-date and the
resulting seamless synergies we have achieved with this merger,” says
Dominic Adu, Chief Executive Officer of First National Bank Ghana. “We
believe that this merger will offer customers the advantage of a broader
suite of banking products and services while maintaining our commitment
to all our stakeholders.”
A key benefit of the merger is the expanded branch network across the key
cities of Accra, Tema, Kumasi and Takoradi. Customers can now access all
banking services from a total of eleven branches and on First National Bank
Ghana’s world class digital platforms, which make convenient banking
services available 24/7.
The Executive Director of First National Bank Ghana, Richard Hudson
commented that this merger reflects First National Bank Ghana’s focus on
helping individuals and businesses achieve their full potential. “This is an
exciting time for us, and we are committed to partnering with our customers
on their individual or business journey. There are current challenges
impacting general growth and opportunities in the financial services sector,
but we believe that our innovative approach to products and the focus on
in-house digital banking solutions will give us the competitive edge”, he said.
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