Mr Prince Kofi Amoabeng the Chief Executive Officer of UT Holdings, has appealed to clients of UT Bank to invest loans from the Bank in profitable ventures.
"We will deliver on our promises and we expect same from you," Mr Amoabeng gave the advice in response to issues raised at an end-of-year cocktail for its customers in Ho.
He said some clients tended to divert their loans into other non profitable ventures which made it difficult for them to service their loans on schedule.
Mr Amoabeng said those who were unable to meet loan repayment schedules to approach the Bank in good time with their difficulties and not give cause to the Bank to come after them.
"This is because the Bank is also under obligation to meet its commitments to shareholders and depositors on time," he said.
Some of the customers urged the Bank to hold regular seminars for its clients on its loans administration and other policies.
Some were of the view that many potential clients of the Bank were scared because of what they heard about the Bank's approach to recouping loans.
Others however said the Bank's strict approach to loan payment had helped them to become disciplined in their business activities resulting in tremendous gains to them.
Colonel Cyril Necku (rtd), the Deputy Volta Regional Minister, called on the UT Bank to prepare itself to reap the benefits of investments and business opportunities that would be flowing into the region from next year.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The inconvenient truth: Why Africa’s boardrooms must reset the boardroom governance clock
2 minutes -
Abuakwa South MP issues appeal for 21st-century overhaul of education system
15 minutes -
PURC reports consumer grievances and monitoring efforts in Northern Region
21 minutes -
Barcelona B extend Abdul Aziz Issah’s loan for 2025/2026 Season
59 minutes -
Black Sabbath singer Ozzy Osbourne dies at 76, Sky News reports
1 hour -
Forestry Commission responds to Sokoban wood sellers’ harassment claims
1 hour -
Government urges legal counsels to accelerate resolution of Chieftaincy disputes
1 hour -
Education: GQAA calls for an end to punishing students for using AI
1 hour -
Unlike NPP, the NDC gov’t is taking heed of my reports on galamsey though the menace continues – Erastus Asare Donkor
1 hour -
AT CEO urges students to embrace AI at TEDxUCC Career and Skill Summit
1 hour -
Anlo Youth Council welcomes Blekusu Sea Defence Phase II but warns of looming danger on unprotected coastal stretch
1 hour -
School under siege – Why cybersecurity must be a top priority in Ghanaian classrooms
1 hour -
Police arrest Nigerian suspect in armed robbery attack at Avenor
2 hours -
Volta NDC Chair: Mahama’s fast-track projects signal real change for the region
2 hours -
Sakumono Ramsar site demolition Phase II met with fierce resistance from residents
2 hours