The Managing Director (MD) of HFC Bank Ghana Limited; subsidiary of Republic Bank of Trinidad and Tobago, Mr. Robert Le Hunte, has paid a courtesy call on the new Vice -Chancellor of the Kwame Nkrumah University of Science and Technology (KNUST), Prof. Kwasi Obiri-Danso, to usher him into office and to pledge the bank’s support for his activities.
The visit was mainly to welcome the newly appointed Vice -Chancellor and at the same time pledge the bank’s commitment and continuous support to the tertiary institution.
Other members of the delegation included Paula Baldwin, General Manager in charge of Retail Banking, Benjamin Dzoboku, General Manager in charge of Finance and Strategy as well as other Zonal Heads of the bank from the Ashanti regional capital, Kumasi.
During the visit, the M D, Robert Le Hunte presented a portrait to the Vice Chancellor, Prof. Kwasi Obiri-Danso.
In a brief remark, he said HFC Bank Ghana Limited is a universal banking institution and the most diversified financial institution so far operating
in the country.
This was contained in a press release made available to the press in Accra after the MD’s visits to the KNUST Vice-Chancellor’s office in the Ashanti Region.
According to the statement, HFC as a one-stop financial institutionhas services including Commercial Banking, Investment Banking, Mortgage Banking and Micro Finance.
HFC Bank has been instrumental in the development of the mortgage industry in Ghana and continues to be the number one home loan provider in the country with over 30 percent share in the mortgage industry.
In May 2015, Republic Bank Limited (RBL), now Republic Financial Holdings Limited (RFHL) in Ghana became the majority shareholder in HFC Bank with 57.11 percent equity stake following the closure of the Mandatory Tender Offer (MTO) to shareholders and the subsequent approval by the regulator, Securities and Exchange Commission (SEC), the regulator.
The statement said Republic Bankis one of the largest and most successful independent commercial banks in the English-speaking Caribbean with over 178 years of banking experience.
The mother bank also works in collaboration with the subsidiaries like Republic Financial Holdings Limited, HFC Bank to be able to build on the existing strong foundation and grow to achieve new levels of success in the industry.
This collaboration marks the beginning of a new and exciting chapter of growth, development and service for both HFC Bank and the Universitythe statement revealed.