GCB rolls out special loan package for Kantamanto fire victims

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As part of efforts to support traders affected by the Kantamanto fire outbreak, the GCB Bank has rolled out a special loan package for its Micro and small enterprise customers whose businesses were destroyed in the devastating fire.

GCB on Thursday, January 30, honoured its promise to support victims of the devastating Kantamanto fire, which razed over 100 shops to ashes and affected more than 30,000 traders, by devoting a GH₵ 3 million loan project to provide relief to the victims.

The bank brought together a group of affected customers to receive the loans after each of them had completed the documentation processes.

Speaking to the media on behalf of the Managing Director, Farihan Alhassan, Executive Head of Retail Banking, Sina Kamagate stated that the support comes in the form of a subsidized loan package of a nine-month payment period, with no payments required in the first three months.

“They have a moratorium of three months. They will start paying from April,” he stated.

GCB 1 Channel1 News GCB rolls out special loan package for Kantamanto fire victims

During an interaction with the traders, Sina Kamagate shared GCB Bank’s concerns for the welfare of the victims and the restoration of their businesses.

He confirmed the Bank’s determination to stand side-by-side with its customers in this difficult time. He further expressed the Bank’s confidence in how the customers will apply the financial support to rebuild their businesses, making them stronger than before.

“Our thoughts and deepest sympathies are with all those affected by this tragic incident. As a Bank that stands firmly with our community in times of need, we are offering this tailored loan package to provide immediate financial support. We understand the immense challenges you are facing, and it is our hope that this initiative will help you rebuild your lives, restore your businesses, and regain stability.

GBC Channel1 News GCB rolls out special loan package for Kantamanto fire victims

“Together, with resilience and determination, we can overcome this adversity and move forward toward a stronger and brighter future. For us at GCB Bank, initiatives like these give true meaning to our brand promise; your bank for life,” he said.

The Bank’s action is a follow-up on the promise made to the victims of the fires by GCB Bank through its Executive Head of Retail Banking when he and other Bank officials visited the Katamanto Market the morning after the market was razed to the ground. In that interaction, the Bank offered to support its customers at the Kantamato Market who had subscribed to the VAP.

GCB Bank PLC is a leading player in Ghana’s banking industry, with 184 branches, 340 ATMs and a host of banking agents spread across the length and breadth of the country. As Ghana’s premier indigenous bank, GCB Bank has, since its establishment in 1953, been described as a systemic bank with significant contributions to Ghana’s growth in multiple sectors including oil and gas, agriculture, commerce and others.

The Bank has transformed itself into one of Ghana’s most modern banks in terms of its financial intermediation capabilities including digital payment platforms and consequently strengthened its corporate reputation both at home and abroad. The Bank’s relationship with its stakeholders is delivered on a platform of trust, support and collaboration and anchored through its brand promise, “Your Bank for Life”.

 

“A proper sim card re-registration will be done” – Sam George

Manuel Ayama

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