Republic Financial institution (Ghana) PLC has entered right into a Memorandum of Understanding (MOU) and Non-Disclosure Settlement with Sierra Leone Business Financial institution Restricted (SLCB), geared toward offering technical help, strengthening banking capabilities and accelerating monetary sector growth in Sierra Leone and past.
The formal signing ceremony passed off on the headquarters of Republic Financial institution (Ghana) PLC (RBGH) at Ridge in Accra and was attended by key management of each establishments, together with the Board Chairman of Republic Financial institution (Ghana) PLC, Mr. Jonathan Prince Cann, and the Board Chairman of Sierra Leone Business Financial institution, Mr. Nyake I. Amara.
This strategic partnership marks one more vital step ahead in Republic Financial institution’s mission to help peer African establishments by capability constructing, operational steerage, and product innovation.
The settlement will see Republic Financial institution present technical help to SLCB in areas together with mortgage financing, bank card companies, company and institutional banking, commerce financing, funding banking, custody and belief companies, and asset administration.
In his remarks, Managing Accomplice at Jpcann Associates Restricted Mr. Jonathan Prince Cann famous that “this partnership is a well timed response to the rising want for African banks to collaborate extra intentionally in shaping a resilient, inclusive monetary future for the continent. The information we share right this moment could have a ripple impact on generations to come back, and on behalf of the RBGH Board, we’re poised and dedicated to guide this agenda of capability constructing.”
The Board Chairman of and Sierra Leone Business Financial institution Restricted, Mr. Nyake I. Amara, strengthened this sentiment, expressing confidence within the long-term influence of the partnership.
“This alliance with Republic Financial institution (Ghana) PLC is rooted in shared objective and mutual profit. Our workers, our prospects, and our nation will acquire considerably from the switch of technical information, confirmed experience, and collaborative innovation, opening extra doorways for each establishments,” he mentioned.
Managing Director of SLCB, Mr. Abdulai Yusufu Silla, added that, “This partnership opens new doorways for SLCB to modernize our choices, enrich the talents of our folks, and ship worldclass companies to our prospects not simply in Sierra Leone however in West Africa and Africa as an entire. We have now not been capable of appeal to big funds to develop the nation, as a result of we didn’t have the capability and expertise, so this partnership is a daring step towards our transformation journey.”
Dr. Benjamin Dzoboku, Managing Director of Republic Financial institution (Ghana) PLC, referenced the Financial institution’s profitable technical help engagement with the Liberian Financial institution for Growth and Funding (LBDI), noting that, “When African banks share experience, the end result is institutional transformation and buyer empowerment. We consider that this partnership with SLCB will yield comparable, if not better outcomes, enhancing monetary entry and stability not solely in Sierra Leone however throughout the area.”
“The signing of this MOU was borne from a spot of belief and a company need to have a strong establishment whose operations meet world requirements. It affirms the rising position of Republic Financial institution (Ghana) PLC as a technical help hub inside the Republic Monetary Holdings Restricted Group, and underlines its dedication to regional integration and management in banking innovation,” Dr. Dzoboku added.
Republic Financial institution says it should proceed to play a pivotal position in monetary sector transformation in Ghana and inside the African markets it helps.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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