Story: Boahene Asamoah
INTERCONTINENTAL Bank, Ghana Limited, has said it hopes to double its branch network from the present 10 to 20 branches by the end of this year.
These branches would include two new branches at Tarkwa and Takoradi in the Western Region and eight more branches in Accra and other strategic locations in the country.
This was contained in the annual report of the bank for the 2007 financial year released to the press.
According to the report, the bank recorded a a profit of GH¢146,070, whiles the bank’s balance sheet also increased to GH¢98.7 million from GH¢19.6 million recorded in the previous year.
Profit after tax increased from a loss of GH¢693,687 in 2006 to GH¢127,307 for the year under review.
In his report, the Managing Director of the bank stated that ‘there is no doubt that this year we want to clearly take our deserved position as a leader in the industry’.
He stated that all the bank’s growth plans are to be vigorously pursued with all the necessary staff motivation benefits introduced.
The bank said to ensure high calibre of staff and professionals, the bank had trained nine senior staff in top European training institute as well as 129 staff locally to deliver quality service and sharpen their skills in various disciplines.
Again, 29 staff members were promoted to higher grades to motivate them.
The company presently employs 405 staff in Ghana, 14 of whom are expatriates.
The company last year undertook a re-branding strategy and launching of the new corporate logo.
On its social responsibility, the bank supported a number of initiatives, including the construction of the multi-purpose car park at the Ohene Gyan stadium to host the African Nations at the cost GH¢410,000.
The bank also supported the Southern Command of the Ghana Armed Forces in its awards to its outstanding soldiers and also a hole-in-heart patient at the Korle-Bu Teaching Hospital.
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