uniBank is number 37 in Ghana Club 100
The feat is a remarkable one considering that it was the first time the Bank applied to enlist on the league of the country’s most prestigious companies.
uniBank was also adjudged the sixth growing company in the year having achieved 72 per cent average growth rate in three years.
“We have been consistent in our growth for the last three years in both assets and profitability and so we are happy that our growth has been recognized,” the Managing Director, Mr. Amishaddai Owusu-Amoah said.
Last year, the bank recorded a 259 per cent growth over its 2007 profit before tax to GH¢1, 9 million, with deposits increasing substantially from over GH¢56 million to GH¢89.9 million. uniBank’s assets also soared from GH¢73.76 million in 2007 to GH¢116.6 million at the end of 2008.
The Managing Director said the Bank had put in place a strong growth strategy, which should see the bank improve on the performance in the following year.
“We have a growth strategic plan and despite the challenges from the external environment, we hope to stay on course and this should reflect in our bottom-line, assets and liabilities,” Mr Owusu-Amoah stated.
Interestingly, the remarkable feat of being among the first 40 companies on the Club 100 comes in the wake of the Bank preparing to open its Takoradi Market Circle branch just in days. The branch would be strategically positioned to cater for the financial services needs of companies in the mineral rich region, including oil and gas exploration companies as well as mining concerns.
The Bank has also introduced a set of electronic banking products, such as uni-Alert, uni-Mobile and uni-Web, to make banking convenient for its customers.
By Innocent Appiah