Bayport Financial Services, a non-banking financial institution in Ghana will now be known as Bayport Savings & Loans PLC.
This follows a merger between Bayport and CFC Savings & Loans to operate as a savings and loans institution in Ghana – offering a wide range of services drawn from their combined resources in assets, customers and expertise.
Announcing the deal, Managing Director of Bayport Savings and Loans, Kofi Adu-Mensah said after a thorough procedure between the managing stakeholders of both financial institutions, they had eventually secured the approval of the Bank of Ghana for the merger.
“Your new Bayport Saving and Loans PLC is in a better position to offer you more products and services beyond our traditional payroll loan products which the Ghanaian public sector worker has become so familiar with,†Mr. Adu-Mensah announced.
He reassured the Ghanaian public that the company in its new status, “will maintain and seek to better our delivery speed, convenience and the quality of service our cherished customers have enjoyed over the past fifteen yearsâ€.