Insurance company policy makes GN Bank customer friendly - CEO

Ghanaian owned multinational company, GN Bank is attributing its success to the pragmatic measures put in place when the business was a Savings and Loans company.

The bank which is a subsidiary of the over fifty companies under the GN Group was recently adjudged the Fastest Growing company in the country at the 4th Association of Ghana Industries Awards.

Speaking to host of the Gold Power Drive, Samuel Eshun, Chief Executive of the GN Bank, Patrick Anumel said even though his outfit is relatively a young universal bank they have achieve a lot to merit the numerous accolades bestowed on them.

“Before attaining a universal bank status, we have grown remarkably in our asset base, if you look at our balance sheet size it has grown, deposit, it has grown five hundred percent size in some cases, one thousand”.

Mr. Anumel also indicated that GN Bank has also stretched its tentacles all over the country saying “specifically if you look at our location, we are now in every region of the country.”

“When the bank opened in 2006 there was only one branch, which was located at North Ridge. Before the end of 2006, it has increased to three, it became thirteen in 2008 and thirty – five, 2010 and that was where the acceleration actually started,” he recalled.

The Chief Executive of GN Bank also emphasized that the number of the branches of the bank increased steadily in the following years which he explained that “by 2012 we were fifty one and 2014, one hundred and seven, as of now we are one hundred and seventy-seven getting to two hundred by the end of the year.”

Commenting on some of the successes chalked by the GN Bank across the country, Mr. Anumel enumerated that the company won “the Northern Business Excellence Award in Best Customer Service Initiative and in the Western Region, the Best Client Service Provider.”

Touching on the services rendered by the bank, Mr. Anumel indicated that the bank offers virtually all the various products being rolled out by all the universal banks in the country.

He however indicated that his outfit has a unique savings account adding that “it has added value with nine percent rate in addition with an insurance policy component.”

Meanwhile the Chief Executive of GN Bank, Patrick Anumel is urging existing and prospective customers of the bank to participate in the ongoing loyalty promotion of the bank.

The campaign he said is part of a move to promote savings culture among the public and also to appreciate the confidence reposed in the bank.