OmniBank Targets 3 billion Cedis In 2020

Union Savings and Loans Company would soon be known as OmniBank Limited. The transition comes about after the company had met the central bank’s requirement to enable it operate as a developed universal bank.

Currently, the bank has a capital asset of over 140million cedis and is targeting over 3 billion cedis in 2020 and this was made known by the Managing Director of Union, Mr. Philip Mensah.

“We have grown our capital from 4 million cedis to over 140 million in the short period. Just three years ago, we were at the bottom but now we are number one,” he said.

Addressing clients at the Transition Engagement ceremony which was held at the Holiday Inn Hotel, Mr. Philip Mensah noted that told Union wouldn’t abandon its core mandate of satisfying the needs of the Small and Medium Enterprises (SME) as it moves on to operate forex accounts.

“We are coming into the market with two exciting messages; the first message is the free bank account for all. No COT, absolutely free. We are still SME focused and will serve clients in the SME sector,” he said.