The management of ABii Savings and Loans, one of the leading savings and loans company owned by Mr Samuel Tobin; the group chairman of Tobinco Pharmaceuticals Limited, will in the coming weeks, outdoor its seventh branch in Takoradi in the Western Region.
ABii’s six branches include, Avenor, Abossey Okai, Darkuman-Kokompe, Mallam Atta market all in the Greater Accra region, Kasoa in the Central region and Adum in the Ashanti region.
Speaking at the official launch of the activities of the company in Accra and attended by Mr Steven Amegashie, a representative of the Governor of the Bank of Ghana (BoG), the Omanhene of Wassa -Fiase traditional area, Nana Kwamena Enilson and Jose Nuhu, the Director of Financial Services at the Ministry of Finance and Economic Planning; Mr Godfried Osei-Boakye, the Managing Director (MD), said the company was working to meet the October 2015 deadline for the increment of the central bank’s threshold of fifteen thousand Ghana Cedis for all savings and loans companies in the country.
He said, as it stands now we have twenty eight universal banks, twenty four savings and loans, twenty five financial services and one hundred thirty seven rural banks in the country.
On his part, Mr Amegashie said, sixty percent of Ghanaian adults are unbanked and urged the bank to be mindful of the risks involved in servicing clients.