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Ecobank claims to use JoyNews ‘Habitat Fair’ to improve home loan financing in Ghana


Ecobank Ghana is promising to use the Joy Information Habitat Reasonable to greatly enhance mortgage funding in the country.

The financial institution which is this 12 months headlining the 11th Joy News Habitat Fair intends generating the event a memorable one, and importantly connecting numerous future residence house owners who have been dreaming for a number of many years to have attributes.

The Pan-African lender has re-emphasized its mission of taking part in a foremost job in the country’s home loan financing house to connect several potential residence owners, some who are unbanked to develop into landlords and landladies.

Importantly, the bank continued to dominate the loans and advancements and deposits sector of the banking business, controlling about 14.6% and 13.4% of the market share repsectively, according to the PwC 2020 Ghana Banking Sector Report. Without a doubt, its share of mortgage loan funding has also shot up considerably.

PwC stated in the report Ecobank maintained its direct in the current market share of superior credits in 2019. The bank’s net loans and developments elevated from GHS 4.15 billion in 2018 to GHS 5.38 billion in 2019.

The report emphasised that the introduction of a micro bank loan merchandise presented to the typical public through its cellular banking application and aim on SMEs can be the way ahead in reaching out to the unbanked market segment.

The dilution in focus possibility of the Ecobank’s top rated 50 largest publicity to gross financial loan from 80% in 2018 to 69% in 2019 decreases the hazard from substantial exposure.

Ecobank drives house loan funding

The pan-African financial institution has normally exhibited its prowess to dominate the lending room, but extra importantly providing a system and funding assist to shoppers to invest in residences and mansions.

This has necessitated the need to companion Joy FM to travel this agenda of enabling several individuals to get residences with simplicity.

Executive Director of Finance and Shopper Banking, Dr. Edward Botchway, outlined several packages for all cash flow earners, which will enable quite a few Ghanaians to personal properties with relieve.

“A great home finance loan has generally been key. What we have accomplished is to place jointly housing financing items that would enable everybody to be able to safe a household with out considerably struggle. We have put collectively all the stakeholders to aid the required documentations to support potential buyers to acquire unique types of flats and mansions.

“And certainly you require not be a client of Ecobank. Just stroll into any Ecobank department and we would provide you with the monetary help to get your dream residence with relieve. So, this is something that we’re pretty fully commited to carrying out for a lot of opportunity assets homeowners,” he pointed out.

Ecobank provides innovation

Ghana’s quantity one financial institution continues to delight its prospects with amazing and ground breaking goods.

It has demonstrated determination in catering for the demands of discerning customers, giving them monetary answers for accumulation and preservation of particular wealth as properly as for small business targets.

The financial institution has many liabilities and deposits goods these types of as Leading Cost savings Account, Leading Present Account, Basic Current Account and Vintage Recent Account Payments and Transfers which includes Rapid Transfer and Ecobank Mobile Cards these as Credit score and Pay as you go Playing cards.

It not too long ago gained an award for Innovation in Economical Expert services at the 2020 edition of the prestigious African Banker Journal Awards.

The Awards, which reward banking excellence in Africa, recognise the African financial institutions that have demonstrated first and practical works by using of technological innovation to supply purchaser benefit, improved and far more affordable solutions and better access to the money products and services sector in Africa.

Ecobank Ghana is a member of the Pan-African Ecobank chain which operates in 32 nations around the world.

The stock of Ecobank Ghana is stated on the Ghana Stock Trade, in which its shares are traded beneath the image: EBG.

The bank is a fully networked professional bank in Ghana with branches in nearly all regions of the country.

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