Databank poised to generate $2b from investment funds by 2015

Databank aims to rake in what management describes as an “audacious goal” of attaining a two-billion-dollar investment fund by 2015.

Mr Ernest Akore, Executive Director of the financial institution who disclosed this to the Ghana News Agency in an interview in Accra on Thursday, added that management aimed to attain two million customers by 2015.

He said the bank had successfully expanded its operations on the Ghanaian market and beyond, building key relationships with the private sector, government and public corporations and educating its clients on the benefits of corporate advisory services.

Mr Akore expressed the hope that the bank would use modern technology as a platform to transact businesses with their customers in a more convenient, easy and reliable manner.

Databank was founded in April 1990 to provide corporate and public finance advisory services to companies in Ghana.

It has been influential in the development of the capital market in Ghana, acting as advisor, placement agent and broker to private clients, government and corporations alike.

Databank’s flagship financial products include EPACK, a mutual fund and MFund, a money market fund scheme.

Source: GNA