Audio By Carbonatix
Consolidated Bank Ghana LTD (CBG) proudly marks its five-year milestone as a market leader in Ghana's banking industry.
The Bank has achieved significant milestones, including building cutting-edge technology platforms, impactful lending, and achieving leadership in SME finance.
In the SME sector, CBG has played a pivotal role, providing GHS1.6 billion in loans to over 5,600 businesses, introducing innovative programs such as the 'CBG SME Adesua Series,' and optimising loan processing for swift access.
The initiatives in the SME sector have earned the bank various awards including the 'Euromoney Award for SME Market Leadership' in 2022 and 2023.
In the Corporate and Institutional Banking segment, CBG has participated in loans totalling GH¢2.35 billion, either as lead arranger or transaction advisor, benefiting crucial sectors like energy, tourism, and agriculture.
The Bank's commitment to community impact is evident through various CSR initiatives, focusing largely on health and education.
To position the bank for further growth, and to restore balance sheet resilience, the Ministry of Finance (MoF) recently provided GHS 2.5 billion Ghana Cedis in capital to the Bank.
The Bank is therefore solvent and liquid to discharge its core mandate of financial intermediation without any challenges.
It is, therefore, ideally positioned to continue its growth trajectory and most importantly to continue to make a positive impact on the economy.
In the immediate future, CBG would deepen investment in digitisation, upscale support to SMEs, further prioritize customer service, and operational efficiency.
The overriding ambition is to build market leadership in SME financing while building a resilient institution.
Latest Stories
-
Nearly 400 sentenced in Nigeria for links to militant Islamists
5 minutes -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
12 minutes -
Kwaku Azar writes: A-G vs OSP
45 minutes -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
1 hour -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
1 hour -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
2 hours -
Barcelona dominate derby to extend La Liga lead
2 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
2 hours -
Importers and Exporters Association declares full support for Publican AI port system
3 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
3 hours -
Volleyball emerges as Ghana’s fastest rising sport
3 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
3 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
3 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
4 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
4 hours