UBA open more branches

Story: Boahene Asamoah

THE United Bank of Africa (UBA), Ghana has opened six new branches in Accra simultaneously as part of its strategy to enter into the retail business.
The new branches are located in Madina, Teshie, Spintex Road, East Legon, Dzorwolo and the Ring Road Central all in Accra.
The new branches also come with new model edifices designed with the customers in mind and conforms to the bank’s new banking edifices throughout its operation in Africa, Europe and America.
Speaking at the opening of the new branches at the Ring Road Central branch of the bank in Accra yesterday, the Managing Director and Chief Executive Officer (CEO) of the bank, Mr Nnamdi Okonko, said “ the opening of our additional six branches is a reflection of our expansionary posture and shows that we are on course as far as the bank’s branch roll-out strategy is concerned”.
He said “UBA bank also aims to develop a branch foot-print and delivery that will ensure that the banks services are always within reach of valued customers and thus position ourselves among the top five banks in terms of geographical reach”.
Mr Okonko said the bank which presently has 12 branches including the six new branches would add four more branches next month, adding that “UBA Ghana will continue its policy of opening new branches across all regions of the country”.
That he said would be supported with a roll-out of electronic channels such as point-of-sale terminals and auto teller machines in line with the objectives of the Ghana Inter-Bank Payment Settlement.
He said the strategic location of the new branches was to address the constraints of proximity to ensure that the bank’s services and products reached the door steps of the customer.
“It is a further opportunity to reach out to the mass retail customers who for various reasons, such as high initial deposit requirements and access to business loans have decided to stay out of the mainstream banking”, the CEO stated.
UBA Ghana, a subsidiary of UBA Plc one of the largest banking groups in Africa has expanded its operations to other countries in Africa, which includes, Liberia, Cote D’Ivoire Cameroun and Sierra Leone. The bank recently opened in London as Capital (Europe).