First National is a wholly Ghanaian owned financial institution, licensed by the Central Bank of Ghana to operate as a non-bank financial institution since 10th May 2006. We provide excellent banking services to people and develop small and medium scale entrepreneurship.
PRODUCTS AND SERVICES
First National boasts of innovative and bespoke products and services, set apart from traditional current and savings accounts. Wo Daalcye, which is a savings account, allows customers to save with as little as 50 Pesewas. Daily savings are mobilised by the institution's mobile bankers with the POS device. This has created huge amounts of confidence and trust in our cherished customers about the safety of their deposits.
The SikaPlus, which is also our domestic money transfer service, has become one of our most patronised banking services across the nation. The service allows traders etc. to travel freely and safely without cash and the fear of being attacked.
Other products include the Susu Account and Susu Loans, to mention a few.
BANKING THE UN BANKED
First National has managed to reach the unbanked people in areas such as Widana, Saboba, Pusiga, Wulensi, Elubo, Garu, etc. (categorised as unbanked) and provide effective close-to-client and doorstep financial services to its customers. This has significantly increased the Company's branch locations, taking banking to the door-steps of the ordinary person.
FINANCIAL AND GROWTH PERSPECTIVE
The last seven years has seen First National grow from $10.7m in total assets in 2007 to a remarkable $189.7m as of December 2012. This is to improve by December 2013. The Company's Capital adequacy stood at 20.18% as of December 2012, favourable when compared with BoG mandatory requirement of 10%.
The institution currently has an...