OmniBSIC Bank Ghana Limited has successfully hosted its maiden ‘Figures in Focus’ event, bringing together industry leaders, key stakeholders, and regulatory authorities to engage in insightful discussions on the Bank’s financial standing and strategic direction.
The event, attended by representatives from the National Pensions Regulatory Authority (NPRA), Securities and Exchange Commission (SEC), Pension Funds, Institutional Investors, and Customers, served as a platform for stakeholders to interact directly with board members and executives and gain a clearer understanding of the Bank’s performance and long-term vision.
A Bank on a Strong Growth Trajectory
Speaking at the event, Managing Director, Daniel Asiedu, attributed the Bank’s impressive growth to deliberate strategy, disciplined execution, and a commitment to sound banking principles.
“This level of performance is not coincidental. It is the outcome of meticulous planning, strategic decision-making, and a relentless focus on delivering value to our customers and shareholders,” he stated.
Highlighting key milestones, he noted:
- Recapitalisation in 2021, strengthening the Bank’s financial base.
- First profit in 2023, marking a major turnaround.
- Doubling of profit in 2024 to GH¢314 million, reflecting strong financial growth.
- Total assets reaching GH¢9.4 billion in 2024, driven by a 70% increase in customer deposits to GH¢8.2 billion.
- Loan portfolio expanding by 77% to GH¢1.03 billion, supporting business and economic growth.
He also emphasized the Bank’s cautious lending approach, ensuring sustainable expansion while maintaining strong client relationships.
Commitment to Shareholder Value and Inclusive Growth
OmniBSIC Bank remains committed to:
- Enhancing shareholder value through financial strength and operational efficiency.
- Investing in staff development, fostering a diverse and inclusive workforce.
- Strengthening its digital transformation strategy, positioning itself as a key player in Ghana’s evolving financial sector.
Board Chair, Mrs. Teresa Effie Cooke, reaffirmed the Bank’s dedication to exceeding customer and stakeholder expectations. She highlighted its near 50/50 gender balance, reflecting its commitment to equal opportunity and inclusive leadership.
“Diversity strengthens our institution, and we remain committed to fostering an equitable workplace where all employees can thrive,” she stated.
A Clear Path for Future Growth
Looking ahead, OmniBSIC Bank’s strategy includes:
- Strengthening its capital base to support future expansion.
- Expanding market share through customer-centric solutions.
- Enhancing product and service offerings to meet the needs of corporate, SME, and individual clients.
- Investing in digital banking solutions, ensuring seamless and efficient financial services.
“Our trajectory is clear, and our focus remains on sustainable growth, innovation, and delivering superior banking experiences,” Mr. Asiedu noted.
Industry Recognition and Transformation
OmniBSIC Bank has undergone a comprehensive transformation, achieving numerous industry accolades, including:
- Bank of the Year (Ghana Business Standard Awards, 2024)
- Best Corporate Bank, Ghana (Global Banking and Finance Awards, 2024)
- SME Bank of the Year (Ghana Credit Excellence Awards, 2024)
- Best Ghanaian-Owned Emerging Bank (Made-In-Ghana Awards, 2024)
- Ranked 29th Best Company in Ghana (GIPC’s Ghana Club 100, 2024)
Positioned for Long-Term Success
Headquartered in Accra’s Airport City, OmniBSIC Bank operates 40 branches across Ghana, offering a comprehensive suite of financial solutions tailored to businesses and individuals. By investing in technology, employee development, and customer engagement, the Bank is positioning itself to compete at the highest level in Ghana’s financial sector.
With a strong capital base, innovative digital banking solutions, and a commitment to stakeholder engagement, OmniBSIC Bank remains one of the fastest-growing banks in Ghana, shaping the future of financial services in the country.