GCB Bank says it plans to expand its operations into the West Africa sub-region, beginning with the English-speaking countries.
The Bank is also exploring with a foreign partner to form a joint venture to provide insurance products.
Speaking at the ‘Facts behind the Figures’ programme on the Ghana Stock Exchange, Mr Ray Anselm Sowah, the Managing Director of the Bank, said more details of the plan would be announced later in the year.
“We are also looking at the sub-region. We have an agenda of moving into various countries and we are prosecuting that agenda. We do hope that we will make investments into other countries and that will inure to the benefit of people to have the opportunity of going out to learn new things and to teach people what they have learnt here,” he told investors, media and brokers on the Exchange.
Mr Sowah said the bank had also decided to diversify and was looking to boost non-funded interest.
In this direction, he said, the bank was converting its subsidiary, called Development Finance Holdings into a full investment bank to be known as GCB Security Limited.
“That subsidiary is going to do all the works in investment banking in this country and compete for business in terms of book running and investments. So, we do hope that we will create another stream of income from that,” Mr Sowah said.
He said in line with GCB’s strategic plan, the bank’s focus was on providing first-class banking solutions to all customers and value to stakeholders as well as meet the everyday needs of the people.
Mr Sowah said the Bank would rely heavily on safe, secure and convenient mobile and digital banking to drive the agenda of bringing banking to the door step of the people.