Business News of Tue, 4 Aug 20150

EB-Accion now Pan-African Savings and Loans

EB-ACCION has now rebranded as Pan-African Savings and Loans Company Ltd.

The re-branding is part of measures to strategically position the company to become a market leader in Africa.

Pan-African Savings and Loans Company Ltd was born out of a partnership between Ecobank Ghana Ltd, ACCION Investments in Microfinance, Ecobank Transnational Incorporated and the International Finance Corporation (IFC) to provide financial services to the low-income and un-banked segment of the Ghanaian population.

The Company began operations in Ghana in 2008, and now with a highly skilled and committed team of 450 employees and a current branch network of 14, it has warmed itself into the hearts of its numerous clients with an efficient track record of efficiency, responsiveness and care.

Pan-African Savings and Loans currently has branches in the Greater Accra, Eastern, Central, Ashanti and Brong Ahafo regions and is still expanding.

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The company has been offering financial services to the country’s low-income, un-banked and under-banked population for the past 7 years and its new name, Pan-African Savings and Loans Company Ltd is to enable the company align itself with its vision of being the leader in the microfinance sector in Africa in addition to highlighting its affiliation and links with Ecobank, its majority shareholder.

Under our new brand name, current and potential clients can look forward to improved quality of service from our friendly banking and field operations staff.

Pan-African Savings and Loans intends to make savings and access to finance much more relevant to the un-banked, low-income earners and small businesses, facilitating the creation of wealth & employment for our target market.

The company also provides savings and investment opportunities and serves as an outlet for remittance products such as Rapid Transfer, Western Union, Moneygram, MTN mobile money, Airtel Money and Tigo Cash.

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