Energy Bank Ghana limited has officially opened its Takoradi branch, bringing its branch network across the country to five, with just a year into its operations in the country. Located in the Farouq Building near the SNNIT office, the branch aims at serving customers with diverse universal banking services. Speaking at the opening ceremony in Takoradi, the Managing Director of Energy Bank Ghana, Sam Ayininuola said the Bank would leverage technology and competence to scale the stiff competition in the industry. He said the use of the state-of-the-art electronic banking platforms and skills would help meet the needs and aspirations of the Ghanaian customers. Later in an interview with Maxx Business, he stated that many had misconstrued the name of the bank to mean that it was strictly targeting the oil and gas sector, explaining that the Bank is a diversified entity which will only lead the way with competence and skills to make it first choice in the emerging oil and gas business in Ghana. “Energy Bank is a universal bank. The name just happens to coincide with this oil find in Ghana. But what the Energy connotes, is the quality of service. The zeal and the determination to satisfy customers, that is the Energy. The energy we put into providing specialized services to customers. Energy Bank is opened to all Ghanaians. From the individual market woman, the artisans, those in both medium and large scale businesses,” he explained. Mr. Ayiniola said the Bank in the interim will not focus on making profits, but to grow their customer base by offering the best of service. “Everybody has a bank now so the proposition we are putting on the table is specialized service, good service, using state-of-the-art technology. This bank is using the Flexcube UBS system which is the most advanced banking system worldwide. This is to be able to respond to customers’ needs and request quickly. Our own intention at this point in time is not to make profit or to exploit our customers. At this point what we want to do is to let customers know what we can do for them. It’s going to be a win-win situation. I am not saying we are going to operate at a loss, but at this point in time, profit is not the focus. Our primary motive is for customers to know the value proposition, try it, become happy with it and inform others,” he noted. The Energy Bank Ghana Limited, owned largely by the NICON and Global Fleet, of Nigeria, has a shareholders' fund in excess of GH¢60 million. It started operations in Ghana in August 2011 as the 27th licensed bank.