GN Bank is an indigenous

private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

Ghanaian owned commercial bank in

Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...

. GN Bank is one of the private commercial banks licensed to operate in

. GN Bank has over 260 locations across the 10 regions of Ghana. GN Savings and Loans Company Limited was originally incorporated as First National Savings and Loans (FNSL) Company Limited and licensed as a Savings and Loans Company on 8th May 2006. It was subsequently issued with a universal banking license by the Bank of Ghana on 4th September 2014 and was renamed GN Bank Limited.

Services

GN Bank offers mainstream banking services which include cash deposits and withdrawals, savings and loans and financial advice consultation (private banking, corporate banking, consumer banking, corporate products, lending products, special services, money transfer). In 2014, GN Bank introduced a cash deposit service known as E-Banking. The service allows GN Bank customers to deposit cash into their bank accounts at their convenience through their

smartphone A smartphone is a portable computer device that combines mobile telephone and computing functions into one unit. They are distinguished from feature phones by their stronger hardware capabilities and extensive mobile operating systems, whic ...

s (

mobile phones A mobile phone, cellular phone, cell phone, cellphone, handphone, hand phone or pocket phone, sometimes shortened to simply mobile, cell, or just phone, is a portable telephone that can make and receive calls over a radio frequency link whil ...

) via First SMS Alert banking (First Net Banking) and M-POS (Mobile Point Of Sales) Electronic Statement without physically being present in any bank branches of the GN Bank. In 2019 the bank of Ghana revoked the licenses of 23 savings and loans companies and finance house companies which included the GN bank. A statement issued by the BoG on Friday, August 16, 2019 said the revocation of the licences of the institutions had become necessary because they were insolvent even after a reasonable period within which the Bank of Ghana had engaged with them in the hope that they would be recapitalized by their shareholders to return them to solvency.

Board of directors

Papa Kwesi Nduom Paa Kwesi Nduom or Papa Kwesi Nduom, (born February 15, 1953) is a Ghanaian business consultant, politician, and founding member of Ghana's Progressive People's Party. A three-time nominee for president, he was the member of parliament for the ...

is Chairman; Mr Issah Adams is Managing Director.

Branches

GN Bank is

headquarter Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...

ed in

Accra Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...

. GN Bank as at June 2016 has Two -hundred-and-sixty (260) operational branches in all the ten regions of Ghana territorial entities: Ashanti (23 operational branches); Brong-Ahafo (44 operational branches);

Central Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

(31 operational branches); Eastern (30 operational branches);

Greater Accra The Greater Accra Region has the smallest area of Ghana's 16 administrative regions, occupying a total land surface of 3,245 square kilometres. This is 1.4 per cent of the total land area of Ghana. It is the second most populated region, befor ...

(38 operational branches);

Volta Volta may refer to: Persons * Alessandro Volta (1745–1827), Italian physicist and inventor of the electric battery, count and eponym of the volt * Giovanni Volta (1928–2012), Italian Roman Catholic bishop * Giovanni Serafino Volta (1764–184 ...

(18 operational branches);

Northern Northern may refer to the following: Geography * North, a point in direction * Northern Europe, the northern part or region of Europe * Northern Highland, a region of Wisconsin, United States * Northern Province, Sri Lanka * Northern Range, a ra ...

(29 operational branches); Upper East (18 operational branches); Upper West (14 operational branches) and Western (27 operational branches).

Sponsorships

On 30 December 2014, GN Bank became the headline sponsor of the GN Bank Division One League. This sponsorship agreement between the GN Bank and the GFA is a three-year deal worth 1.2 million cedis to 2017.

Awards

*In October, 2015 GN Bank wins Fastest growing Bank in

at the 2015 Association of Ghana Industries Awards.

References