Business News of 2013-12-27

Union Savings & Loans targets more branches

Union Savings and Loans, one of the fastest growing financial institutions in the country, would have eight more branches in addition to its existing 10 outlets in the country by the close of 2014.

From a humble beginning of just four branches, the company, which started five years ago with a minimum of 10,000 deposits, now boasts of 30,000 deposits, a 200 percent increase.

Speaking at its end of year dinner and awards for staff and clients themed, “Appreciating the past, defining the future,” Managing Director of Union Savings and Loans, Philip Oti Mensah advised the staff to avail themselves to more training programmes to serve more clients as they strive to make impact on the financial market.

He commended the staff for their dedicated services, adding “I want to, on behalf of the board, commend you highly for remaining dedicated to this cause. Let’s keep striving for excellence as we launch deep into the financial market in the coming years.

The branch managers of the company’s spelt out their respective plans for the coming year and appealed to their subordinates to work hard.

Staff, who excelled in their various fields of endeavor as well as served the company for many years, were accordingly given electrical home appliances such as 32? LED flat screen television.

Five loyal clients were also given a three-year GH10,000 scholarship package for their children and other relations. The company used the opportunity to introduce the Union’s U-Junior and U-Scholarship accounts for children under 18 and the U-scholar for accounts for students above 18.