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SG-SSB to improve operations to boost market share

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SG-SSB will enhance service delivery and adopt positive orientation to clients, to increase its market share, the bank’s Managing Director, Mr Gilbert Hie, said in Accra on Thursday.

The bank will also boost deposits and loans, focus on staff training and enhance operational efficiency to deliver value to shareholders.

Mr Hie was addressing brokers, financial institution representatives, investors, and the media at the Ghana Stock Exchange ‘Facts Behind the figures’ programme.

He said while the current macro-economic environment presented a positive atmosphere for the banking sector to thrive, the high level of competition was making it difficult for the banks to increase their market share.

Mr Hie said with the huge number of the population outside the banking sector, the industry would grow only if more people own and operate bank accounts.

He said it was important to encourage the public to save with banks, which would guarantee the safety of their deposits.

Mr Hie said the bank would ensure efficiency, increased productivity sustain support for small and medium scale enterprises while maintaining strict risk management for long-term growth.

He said the bank’s new Head Office would be completed by March next year to bring together all the different head offices under one roof to ensure efficiency and good supervision.

SG-SSB recorded a net profit of GH¢22.5 million for 2011 compared to GH¢19.3 million in 2010 and shareholders’ funds increased from GH¢118.8 million to GH¢150.6 million.

Source: GNA

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