At a time when most local banks are having a difficult time meeting the Bank of Ghana’s capital requirement, Papa Kwesi Nduom and his GN Bank are out there kicking a**.
Y’all remember when it was reported that Papa Kwesi Nduom has purchased a bank in the United States, making him the first Ghanaian to ever do so?
The 2016 Presidential Aspirant through his company called Group Nduom purchased Illinois Service Federal (ISF) Bank in 2016.
In a rebranding ceremony from Illinois Service Federal (ISF) Bank to GN Bank, the President of Groupe Nduom, Dr. Papa Kwesi Nduom told the Americans that “GN Bank is here to work with you in our community.”
This is against the situation experienced in the USA where many minorities and smaller community banks had failed. ISF Bank became the only African-American owned bank in the State of Illinois last year when Seaway Bank collapsed.
After acquiring ISF Bank two years ago, Groupe Nduom established a three-year turnaround plan. The Bank achieved that goal last year and continues to be profitable thanks to its loyal customers, MYJOYONLINE reports.
“Under our new brand, you will see the care and attention to customers that have sustained us in this community for more than 80 years. You will also see the introduction of more technology, services and products to meet the growing needs of this community,” he declared.
Groupe Nduom has developed a banking brand which started as a savings and loans company in Ghana and has grown to become an international bank, with more than 330 branches in Africa.