First National Bank renews commitment to help address housing needs in Ghana

by Business Zone

First National Bank has reassured Ghanaians of its determination to help address the housing needs in the country, even in the climate of uncertainty generated by the COVID-19 pandemic.

Executive Head of Home Loans at First National Bank Kojo Addo-Kufuor, gave the assurance during the maiden virtual Property Developers Forum with real estate developers from all over the country.

He said the bank has introduced an enhanced home loans portfolio with a dedicated team and a robust platform to serve the increasing number of Ghanaians discovering the benefits of mortgages.

“Housing is a universal need,” he told the developers. “People need shelter regardless of the situation they find themselves in. So, whether COVID or no COVID, the demands haven’t changed. That is why keeping the relationship with developers and agents is a very important activity on our calendar every year.”

Mr. Addo-Kufuor also revealed that First National Bank has proactively reengineered its team and systems to drive efficiency and speed in the processing of mortgage applications. “With the support from other business units like the Retail, Commercial Banking, Corporate and Institutional Banking, coupled with the positive relationship with real estate developers and agents, we are better placed to help meet the growing demands for home ownership,” he said.  

The Secretary of the Ghana Real Estate Developers Association (GREDA), Mr. Samuel Amegayibor, congratulated First National Bank on the successful acquisition and subsequent merger with GHL Bank and expressed the association’s readiness to support the renewed entity. “On behalf of the Executive Council of GREDA, we wish to congratulate First National Bank Ghana for the merger and for hosting the first virtual Property Developers Forum,” Mr. Amegayibor said. “We were not sure of what to expect but this has been a great meeting overall. GREDA is behind you and the entire membership of GREDA will maintain ties with First National Bank Ghana.”

Source: BusinessZone Online

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