Bayport Financial Services, Ghana marries CFC Savings and Loans
Bayport Financial Services,Ghana has taken a giant step by merging with CFC Savings & Loans to help serve the good people of Ghana better.
The merger will also go a long way to help the two companies to empower customers and also contribute to the Ghanaian economy through employment and the provision of a broad spectrum of financial solutions.
Addressing Journalists at the press conference in Accra, the Managing Director of Bayport Financial Services,Ghana Mr. Kofi Adu- Mensah , stated unequivocally that the Bank of Ghana has approved the merger with CFC after going through all the necessary stages and requirements.
The aproval was followed by a final licence authorising us to operate as a Savings & Loans Company.
According to him, the company has so far created a business that now had fifty -two (52) branches across the country.
We have branches in every region of Ghana including :cities , towns and rural communities where traditional banking services may not be easily accessible.
“With our combined forces , Bayport Savings & Loans Limited now employs more than eight hundred (800) people on a permanent basis and offers over two thousand (2000) sales agents across Ghana, the opportunity to earn decent living “, he disclosed.
Adding that, they shall continue to provide the Ghanaian worker with their ever improved Payroll loan products.
We now offer payroll loans of up to Eighty thousand Ghana Cedis (GH ¢80, 000.
With our improved payment terms you can now repay your payroll loan over a period of up to 72 months.
This he said, their products are aimed at addressing specific customers needs in the country.
“To ensure you have more money to meet your financial needs we have introduced a credit bundle that gives you an extra Four hundred Ghana Cedis (Gh¢ 400) , in addition to the amount you are able to borrow under our traditional payroll loan, which is also unsecured”, he added.
Mr. Kofi Adu – Mensah, added that they shall continue to cater for the needs of the their informal sector customers by offering their SME & Micro loan products and services throughout their Fifty (52) branches nationwide.
By: Isaac Kofi Dzokpo