BEIGE Capital Savings and Loans (BCSL) has secured final approval to operate as a Universal Bank at it met all the licensing requirements of the Bank of Ghana.

BEIGE’s banking subsidiary will now be called The BEIGE Bank, according to a press release from the company.

The implication of this announcement is that BCSL, now The BEIGE Bank, is fully authorised to offer complete banking services to the general public.

At the time of its licensing, The BEIGE Bank had over 70 business offices around the country, over 2,000 staff and a clientele base of almost 700,000 most of which are individuals and SMEs.

“We are happy about this milestone. Our competencies are in the SME space and that’s where we would play for now,” says Mike Nyinaku, CEO of BEIGE.

BEIGE is the accepted trade name of The BEIGE Group (TBG), its subsidiaries and related entities.

 The Next Steps

Between now and the end of the year, all business offices of BCSL will undergo a process of rebranding to reflect their new status.

Together with its subsidiaries and affiliates, BEIGE is currently providing direct employment to over 4,000 people and serving a clientele base that could soon reach One Million (1,000,000).

“We have come this far through the hard work and dedication of our staff and the loyalty of our customers. We are emboldened to help our customers to grow with us, from small beginnings. We are a homegrown bank determined to make a difference in financial intermediation in Ghana. We invite you to come along with us as partners,” Said Kofi Otutu Adu Labi, Board Chairman of The BEIGE Bank.

Testimony

“I have been a regular customer of BEIGE Capital Savings and Loans now The BEIGE Bank for the past five years. The service experience has been excellent and for all those years, I recommended BEIGE to professionals, artisans and corporate business and their expectations were exceeded by the bank. BEIGE is reliable, serviceable and trustworthy and l call on all persons to come join this wonderful Bank as partners,” Dr. Mrs. Eugenia Danquah Quist - Coordinator, 1959 Year Group - Wesley Girls High School.