myEnergy Loan from Universal Merchant Bank Ghana
Universal Merchant Bank believes that Ghana’s energy problem is an opportunity to provide products aimed at addressing how the energy crisis affects the every day Ghanaian.
imported 2024-03-17 17:43:07
Universal Merchant Bank believes that Ghana’s energy problem is an opportunity to provide products aimed at addressing how the energy crisis affects the every day Ghanaian.
“The banking industry has always been vibrant and robust. It has been a very, very tough first half of 2015,” notes Frank Brako Adu Jr, Managing Director of CAL Bank.
“We do not need foreign assistance of that kind to develop the country,” maintains Frank Brako Adu Jr, Managing Director of CAL Bank.
John Awuah believes that the future holds many opportunities for the UMB, which is set to move aggressively into the tier one bank quartile by 2020.
According to Frank Brako Adu Jnr, Ghana’s banking industry has always been vibrant and robust, however “it is a very painful 2015.”
“The Egyptian economy requires all sectors to be moved. Infrastructure, power and energy. Most of the deals have now been launched in the energy sector in particular.”
“We had been reforming the banking sector from 2003 to 2010. These reforms saved the banking sector in Egypt during the dry years. It was very difficult to manage our reserves in the past few years. The performance of the Egyptian banking sector, its survival and its role as the backbone of the economy in those tough years, has now become a case study in the best universities in the world. “
“Corporate banking is considered the fastest-growing portfolios in the whole country. The portfolio was acquired in 2008 by Banque Swiss, so we have a very clean portfolio since we’ve started.”
“We are one of the leading banks in the syndication market. We have a number of milestone transactions in hydrocarbons, energy, power generation, fertilizers etc. We are the leading bank in the SMEs proposition as well.”
Egypt’s financial services sector is one of the oldest and best established in the Middle East. Egypt’s top financial institutions are also one of the best developed in the region. The key representatives of the top financial institutions in Egypt include Egypt’s financial authority EFSA (Egyptian Financial Supervisory Authority) and the EGX.