Business News of 2013-12-24

Bayport Financial Services holds awards night

The Managing Director of Bayport Financial Services, Mr Kofi Adu-Mensah, has said the company would, in 2014, introduce new products and policies to meet the increasing demands from their clients.

He said with the increased competition in the financial sector in the country, there was the need to institute better services and products to enhance the development of the banking service to give clients what they want.

Mr Adu Mensah was speaking at the 2013 end of year dinner dance and awards night held at Obuasi in the Ashanti Region.

He recounted the contributions of staff to the current state of Bayport, which had improved the lives of teachers, students and other public institutions in the country.

“An aggressive but prudent implementation of our new micro-finance products that target the informal sector has helped to improve small-scale businesses and contributed to the socio-economic development of the country,” he added.

He said Bayport had 28 branches in the country, with its operational headquarters in London. He noted that the company also had subsidiaries in Zambia, Uganda, Botswana, South Africa, Mozambique and Colombia in Latin America.

Mr Felix Akorli of the Credit Risk Department of Bayport was adjudged the overall best worker for the year 2013, and was presented with a certificate, a memento and other facilities.

Mr Kwame Pianim, Chairman, Board of Directors of Bayport Financial Services, commended management and staff for the progress of the company, and expressed the hope that the years ahead would be very progressive and better.

According to him, the success of the company had been as a result of the collective efforts of the management and the staff that had been exhibited throughout the years.