GCB to review lending rates downwards

GCB Bank Limited has announced plans to reduce its lending rates for the benefit of its customers.

At a meeting of corporate customers of the erstwhile UT Bank and Capital Bank in Accra, the Managing Director of the Bank, Mr Anselm Ray Sowah, explained that the reduction in the rates would be at the level consistent with GCB’s existing corporate clients.

The meeting was the first of its kind since GCB assumed the management of UT and Capital Banks and it was designed to reassure customers of the advantages, benefits and business opportunities in doing business with GCB.

It provided the avenue for the customers to have direct interaction with the Management of GCB and to chart the way forward.

Corporate customers at the meeting expressed delight at the openness of the GCB Management and commitment to meet their expectations.

Mr Sowah said, “the decision to assume the management of the two institutions was taken seriously to grow the GCB brand and to create the environment for your business to thrive.”

“I wish to assure you that you will have access to a bigger bank with over 200 branches all of which will be fully networked as part of the six-month programme of integration. This will provide a wider scope to operate from than previously,” the MD said.

He said GCB had the right balance sheet to support big transactions and large ticket deals, adding that GCB will offer customers a one-stop solution to their banking needs rather than having to deal with different banks.

He emphasized that the passion to grow local business was ingrained in the procedures and practices of GCB and as the MD his ambition was to bring back passion into the way GCB manages the local entrepreneur space in Ghana.



Mr Sowah said, “we have embarked on a campaign to win, nurture, support and grow Ghanaian businesses to enhance the national economy.”

The Chief Operating Officer of GCB Bank, Mr. Samuel Sarpong, assured the customers that their funds are in good hands as GCB has been a trailblazer in the banking sector for six decades.

He added that the integration of the systems will be done in the coming weeks to help customers bank at ease and to help in the smooth flow of operations.