30 Nov 2018

INVEST IN PEOPLE FOR GROWTH- BOND CEO

INVEST IN PEOPLE FOR GROWTH- BOND CEO

Chief Executive Officer of BOND Savings and Loans Plc., Mr. George Ofosuhene, has underscored the importance of business owners making effective investments in people for the growth of their businesses and the economy.
The veteran investment banker and entrepreneur tasked Ghanaian business leaders to adequately resource their employees in order for them to effectively drive the vision of the business successfully.
Stressing the importance of investing in people, the well-read Mr. Ofosuhene quoted British-American author and motivational speaker, Simon Sinek, saying “100% of customers are people. 100% of companies are made up of people. If you don’t understand people, you don’t understand business”.
“As a leader, what you are expected to do is to take care of your people”, the BOND CEO stated in an interview with this reporter.

Find the people, motivate to drive vision.
Mr. Ofosuhene tasked entrepreneurs to have and own a vision, adding, the Chief Executive Officer of BOND Savings & Loans PLC said, the only way to ensure that the vision materializes is to put together a team that will share in the vision and at the same time will give off their all to ensure that the said vision sees the light of day.
He stressed the importance of leadership communicating the vision, its meaning and how it intends to achieve it to every member of the team. He added that it was critical for business owners to find the right kind of human capital, train, resource them, create the necessary congenial work environment, culture to give them the space to innovate.
“It is important that you find the people who will drive your vision; it is critical that you train the people, inspire them so they can be self- motivated and prepared to move in the direction you, the leader expect them to go; without you continuously showing the way”, Mr. Ofosuhene noted.

Building a brand that attracts innovators
According to Mr. Ofosuhene, investing in building a strong and resilient brand will attract the right kind of human capital which will ensure long term success.
He explained that a brand which is not visible, not attractive or worth investing in can only draw people who will not commit to the achievement of success for the company but will “do things anyhow to satisfy their parochial pursuits”

Good leadership for business success
Business leaders must show good leadership to achieve success, Mr. Ofosuhene stated. “When I talk about leadership I’m referring to what you can do with people to ensure that certain things are achieved; leaders must know what their roles in their organizations are and stick to those roles”.
He bemoaned the phenomenon where leaders of the organizations bark orders at their employees and expect them to follow through, “This is not the way to do it; you don’t have to force people to follow you”. Leaders must inspire the people into action by leading by example.

BY ISAAC AIDOO, ACCRA
THE FINDER

26 Nov 2018

BOND EXCELS AT GHANA CLUB 100 AWARDS

BOND EXCELS AT GHANA CLUB 100 AWARDS

Indigenous financial institution, BOND Savings and Loans Plc. has been adjudged and honored amongst the best 100 companies in corporate Ghana.
The company took the 50th position out of 100 best companies at the prestigious Ghana Club 100 Awards organized by the Ghana Investment Promotion Center (GIPC) in Accra last Friday to acknowledge the hard work, growth and contribution of corporate Ghana to the economy.
The Awards, the 17th edition was on the theme, “Technology, Innovation & Entrepreneurship- Opportunities for growth and Development”

BOND’s latest feat comes on the back of another laurel grabbed a month ago when it was adjudged the Savings & Loans Company of the year, 2017 by the Chartered Institute of Marketing, Ghana (CIMG) at its National Marketing Performance Awards.
It was, indeed, the first Savings and Loans Company to win the award when that category was introduced in 2016 Awards by the Institute.
Speaking to The Finder after receiving the award last Friday, General Manager, Legal and Corporate Affairs at BOND, Ms. Shirley Longdon, attributed the success story to the company’s consistency over the last 10 years in “putting the customer first in everything we do”.
In spite of the turbulence in Ghana’s financial services sector, BOND had remained strong, consistent and true to its customers, she stated.
“This achievement is undoubtedly a reflection of who we are and what we have been doing over the last 10 years; we have been in business for 10 years and in spite of challenges in the industry, BOND has maintained its consistency in terms of what we do, products and services, introducing technology into the operations of the company, in a bid to delight the customer even more,” Ms. Longdon explained.

We’re not resting on our oars
BOND, she stressed was poised to count down from the 50th position on the Club 100 to the first and so will not rest on its oars. “We will make sure that we will be counted amongst the best all the time”, she said.

BOND, abreast with the latest in digital banking
In tandem with the theme for the Ghana Club 100 Awards, Ms. Longdon explained that BOND had invested into the provision of electronic banking services for its customers.
Management of the company, she pointed out had always maintained that “banking is not where you go but what you do and we intend to ensure that we apply innovation and the e-banking channels to reach the customer and assure them safe and secure transactions.”
In his welcome address, Chief Executive Officer of GIPC, Mr. Yofi Grant maintained that technology and innovation had become the new frontier of businesses across the globe.
“The benefits are many and multifaceted. The biggest companies in the world now are technology companies or companies who have technology and innovation at the heart of their operations, he noted.

BY ISAAC AIDOO, ACCRA
THE FINDER

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11 Oct 2018

BOND’S “BE BOLD” CAMPAIGN WINS AWARD

BOND’S “BE BOLD” CAMPAIGN WINS AWARD

The Chartered Institute of Marketing, Ghana (CIMG) has recognized and rewarded BOND Savings and Loans Plc. for its creativity in advertising its products.
The Institute, impressed with the rare display of initiative and creativity, adjudged the ‘Be Bold’ advert the CIMG Outdoor Advert of the Year, 2017.

This was at the 29thNational Marketing Performance Awards organized recently by the Institute in Accra on the theme ‘Marketing: A catalyst for driving Ghana Beyond Aid.’
A citation presented to the company read “the agenda was to encourage customers to take a bold step, switching their accounts from other financial institutions to a BOND account and you intricately used words, imagery and graphics to precisely spell out your intentions.” “The powerful visuals and graphics solidly portray you as a dependable and solid financial partner capable of delivering on promise,” the citation said.

Head of Marketing at BOND, Mr. Ahn-zim-Wusa-Manga told this reporter” the advert was borne out of the eternal creativity of staff of the company; we conceptualized the whole thing.”
According to him, if they were going to advertise all the products available on different bill boards it would not be ideal so they went in for just one concept which was ‘Bold.’

Using the word BOLD as an acronym, the company spelt out its various offerings.
“The B stands for believing in yourself; believing means you can always depend on your financial institutions, in this case BOND for any product or service you are looking for,” he said.

The ‘O’ which stands for ownership threw light on the hybrid products BOND has assembled for consumers. “You can own a house, you can buy a car and even electronic appliances through BOND,” Mr. Manga said.

The ‘L’ is meant to encourage customers to live their dreams, by taking up to BOND’s varied investment products which will afford them the opportunity to relax during their years of retirement from active work.

“The ‘D’ stands for dreaming big and customers realizing their dreams through by patronizing the products of BOND.
BOND also grabbed the Savings and Loans Company of the Year, 2017 award.
Chief Executive Officer (CEO) of BOND, Mr. George Ofosuhene attributed the success of the Company to its loyal customers and hardworking, intelligent and innovative staff.
“They are the reason why we are where we are. I want to take this opportunity to thank all our customers; also to thank our gallant workers who make BOND what is.”

Published by Business Finder.

04 Oct 2018

BOND IS A TRUSTED BRAND, BOND CEO

BOND IS A TRUSTED BRAND, BOND CEO

BOND Savings and Loans Plc. was recently awarded for the second time running, the Savings and Loans Company of the Year and the best outdoor advert of the year, 2017Award, at the 29th National Marketing Performance Awards organized by the Chartered Institute of Marketing, Ghana (CIMG) in Accra last Friday. BOND was the first to win the best Savings and Loans Company Award, the first time that category was introduced into the Awards scheme in 2016 and has won again for the year 2017.The 2017 Awards was on the theme, ‘Marketing: A catalyst for driving Ghana Beyond Aid.’

STAFF DURBAR
It was on the back of this that a staff durbar was organized to celebrate this achievement and also as an opportunity to allay any fear that staff members may have due to the issues happening in the industry. All staff in Accra, Tema and Kumasi were present including senior members of management.

Speaking to staff at the durbar, the CEO Mr. George Ofosuhene, on behalf of the Board and management dedicated the awards to entire team and said this celebration was possible because of everyone’s contribution. The CEO to allay any fears staff may have, was emphatic that the gathering was neither an emergency nor a crisis meeting but the purpose was to discuss the current trend in the banking industry in Ghana and equip staff to be able to speak intelligently when dealing with customers and the general public.
Mr. George Ofosuhene also encouraged staff to work diligently to avoid a crisis situation because the environment was already poisoned with various perceptions about the industry. He indicated that this was the time for staff to engage more with customers and ensure excellent response and top notch customer service at all times. The CEO also stressed “Don’t unduly delay the customer at the banking halls because it will create discomfort in these times”.

BOND IS SOLID
BOND is a solid Savings & Loans company despite the turbulence in the banking industry the CEO assured staff to be proud of this fact, while indicating that liquidity is very strong and for instance the CAR (capital adequacy ratio) is 16%, the BOG benchmark is 10% and the industry average for S&L is 8%. BOND is doing twice better than its peers in the industry and this he indicated is very commendable. Internally, our systems are solid i.e. we have a ROBUST core banking application within the banking sector and not doing bad with E-banking product innovation.

GHANA FIXED INCOME MARKET
The CEO announced that BOND was the first local company to successfully list medium term notes on the GFIM. This he stated was a feat the company achieved after going through a rigorous process of due diligence, scrutiny and opening up the company to the investing public. The success of this lends to the fact that we are solid, creditable and a well-managed institution and hence the approval by our regulators BOG and SEC, to go ahead with the process. Mr. Ofosuhene reiterated that BOND was able to successfully sign on a GH¢100 million medium term note program, out of which a first tranche of Ghc30 million was raised from the capital market and this transaction he said was fully subscribed. The CEO reechoed “so BOND is therefore, very solvent”. BOND has a clear direction and vision to become the best S&L in the country, remain very profitable and serve our customers the best way possible. BOND is structured and operates in a manner that gives the company multiple sources of funding to ensure liquidity.

ADHERENCE TO STRONG INTERNAL STRUCTURES
The BOND CEO alluded to the company’s unflinching adherence to corporate governance rules, saying “we have internal strength which we always rely on; by internal strength I mean we have structures, corporate governance rules that ensure that we keep to standards.”
“We don’t do things that are speculative, we don’t do things that are completely outside the basic tenets of banking and customer service; we make sure that our customers are always better off,” Mr Ofosuhene stated.

BOND IS A TRUSTED BRAND
The CEO assured staff that the company has a robust system to survive current odds in the financial services sector. “We want to give assurance to every single member of staff that BOND is strong; BOND is a trusted brand and we are going to weather the storm, and we will stand tall when this storm is over” he added.

BOG UP TO THE TASK
Mr Ofosuhene said it was not surprising that there was some level of turbulence in the market. According to him, there was some indication not too long ago of some semblance of distress in the market so “it is not surprising that the Bank of Ghana saw it necessary to sanitize the system.”
He believed the clean-up was good for the banking sector as it would restore confidence in Ghana’s banking industry.
This process, painful as it may be, will lead to a better system which will heighten the confidence and comfort of customers and the business community as a whole,” the BOND CEO stated.
He added “we believe that Bank of Ghana has the capability to manage the process. There are those who are of the view that this can lead to the destruction and total collapse of the system. We trust the regulator to do a good job to return things normal and enhance the credibility of the industry.”

NO NEED FOR PANIC
Mr Ofosuhene allayed the fears of staff who may be confronted with questions and other issues relating to the industry not to panic when dealing with these issues but be confident in handling every single doubt and avoid creating any discomfort for the customers. “There is no need for people to panic; these challenges won’t break the back of our financial system; rather it will get better and we will have a more robust system,” he said.

CALL TO ACTION
The CEO in his final words charged staff to be proactive by not waiting for the customer to call but ensure continuous engagement with the customers at all times. He also advised that, staff should seek clarification when in doubt and tell the customer the truth in their daily dealings.
Mr. Ofosuhene cautioned staff to avoid discussing contentious issues with customers such as what is happening to other banks and savings and loans. Staff are encouraged to pass on any information that can be deemed relevant to the current situation and to provide excellent customer service which is critical in these times.
We need to leverage on the current award by CIMG which is no mean achievement. It enhances the quality of the brand but at the same time puts more pressure on us to perform better, he indicated.

BOND ANNIVERSARY SONG
The well composed song and performed by Harmonious Chorale which is making waves on air and on the lips of the general public was sung to close the brief staff durbar.

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01 Oct 2018

BOND WINS CIMG SAVINGS AND LOANS COMPANY OF THE YEAR

BOND WINS CIMG SAVINGS AND LOANS COMPANY OF THE YEAR

BOND Savings and Loans Plc has for the second time running, grabbed the Savings and Loans Company of the Year Award, at the 29th National Marketing Performance Awards organised by the Chartered Institute of Marketing, Ghana (CIMG) in Accra last Friday.
The company also won the best outdoor advert of the year, 2017.
BOND was the first to win the Savings and Loans Company Award, the first time that category was introduced into the Awards in 2016.
The 2017 Awards was on the theme, “Marketing: A catalyst for driving Ghana Beyond Aid.”

A citation accompanying the award presented to BOND said “you set yourself to be the choice in the provision of tailored and innovative financial solutions that inspire and generate growth, a dream you have pursued through the provision of value driven, networked efficiencies that remain unparalleled in your sector, hence leading to sustainable long term stakeholder value.”
According to the CIMG, financial solutions provided by BOND to its customers in the banking space had resulted in an 18% increase in its market share in an industry flooded with over 300 micro finance companies, “which also saw you recording a total income of GH¢48million, an increase of GH¢19million over the last declaration.”

BOND CEO thanks customers, staff for awards

Chief Executive Officer (CEO) of BOND, Mr George Ofosuhene attributed the success of the Company to its loyal customers and hardworking, intelligent and innovative staff.
He took the opportunity to thank all our customers; also to thank workers of the company who make BOND what is.

Adherence to strong internal structures

The CEO of BOND alluded to the company’s unflinching adherence to corporate governance rules, saying “we have internal strength which we always rely on; by internal strength I mean we have structures, corporate governance rules that ensure that we keep to standards.”
“We don’t do things that are speculative, we don’t do things that are completely outside the basic tenets of banking and customer service; we make sure that our customers are always better off,” Mr Ofosuhene stated.

BOND is a trusted brand

The CEO assured customers the company had a robust system to survive current odds in the financial system.
“We want to give assurance to every single customer that BOND is strong; BOND is a trusted brand and we are going to weather the storm,” he added.

BoG up to the task

Mr Ofosuhene said it was not surprising that there was some level of turbulence in the market. According to him, there was some indication not too long ago of some semblance of distress in the market so “it is not surprising that the Bank of Ghana saw it necessary to sanitize the system.”
He believed the clean up was good for the banking system as it would restore confidence in Ghana’s economy.
“We are as good as the banking industry is. This process, painful as it may be will lead to a better system which will heighten the confidence and comfort of customers and the business community as a whole,” the BOND CEO stated.
He added “we believe that Bank of Ghana has the capability to manage the process. There are those who are of the view that this can lead to the destruction and total collapse of the system. We trust the regulator to do a good job because it understands all that is happening.”

No need for panic

Mr Ofosuhene allayed the fears of customers who are fond of making panic withdrawals in the wake of the challenges facing the banking industry.
“There is no need for people to panic; these challenges won’t break the back of our financial system; rather it will get better and we will have a more robust system,” he said.

11 Sep 2018

BOND SUPPORTS CITI OPPORTUNITY PROJECT ON EDUCATION (COPE)

BOND SUPPORTS CITI OPPORTUNITY PROJECT ON EDUCATION (COPE)

Touched by stories of brilliant-but-needy students, BOND Savings and Loans PLC has doled out GH¢10,000 to Citi Opportunity Project on Education (COPE).
The amount is to lessen the burden of parents as well as students who are unable to afford the cost of schooling at the tertiary level. The company maintains it is touched by people who by their God-given talents perform extraordinarily in their educational pursuits but due to financial reasons are unable to achieve their dreams.

Presenting the cheque to the radio station, Head of Marketing at BOND, Mr. Ahn-zim-Wusa-Manga said “we at BOND believe in making people succeed; we are passionate about making people succeed in whatever good things they find themselves doing so we are here to support the initiative of Citi FM that gives students the opportunities to further their education.”

The Citi Opportunity Project on Education (COPE) is an educational initiative that seeks to provide scholarships to brilliant but deprived students to further their education within various secondary schools and universities in Ghana.

BOND’s Head of Marketing told Head of Programmes at Citi FM, Mr. Bernard Avle the company would extend more support to the project by the close of this year.” This is a seed we are sowing today; it’s a token and from now till the end of the year we will give you a bigger surprise for the COPE project,”

BOND IS A CUSTOMER SATISFYING COMPANY

In an interview on the station prior to the presentation, the Head of Marketing touching on the focus of the company per its operations and noted that “we have ensured that our customers concentrate on their businesses while we take care of their financial needs.”
BOND has also made sure that no customer walks through its banking halls without getting a solution to his or her financial needs.
THRIVING ON TRUST

Mr. Manga stated that BOND built its relationships over trust, over providing value for money and by making sure that it understands its various customer needs.
“We don’t just come out with products and dump them on the market; we undertake very calculated research and understanding of various customer segments that we have on the market,” he noted.
According to him, it’s been a deliberate intention to be consistent in identifying platforms that put us in the faces of people and to ensure that our customers are satisfied and in fact they spread the word for us.

PARTNERSHIPS
The company, he stressed decided from the onset to partner the right people and institutions such as the media that have platforms that reach the markets served by BOND.

Published by Business Finder

10 Sep 2018

BOND INTRODUCES PAYROLL LOAN

BOND INTRODUCES PAYROLL LOAN

The BOND Payroll Loan is a new loan product designed to serve the needs of government workers. This product aims to provide quick and flexible loans to this group of workers.

Below are some key features of the product:
• Loan to government workers
• Flexible repayment terms of 3-72 months
• Loan from GHS 1,000- GHS 25,000
• Receive your cash within 24 hours
• No collateral
• No post- dated cheques
• Fast and convenient
• Visit our nearest branch or speak with any of our payroll officers or fields Agents on 050 134 0464/0303 214 444/ 0322 396 055 for assistance.
• Our Field agents can assist you to initiate the loan process from the comfort of your home or office. (Terms and conditions apply)

BOND, Your Success, Our Passion.

04 Sep 2018

TECHNOLOGY AS THE KEY DRIVER OF BUSINESS IN GHANA, BOND CEO

TECHNOLOGY AS THE KEY DRIVER OF BUSINESS IN GHANA, BOND CEO

•The amount of technical information is doubling every two years. For students starting a four year technical or college degree, this means half of what they learn in their first year of study will be outdated by their third year of study.

•There are 6.8billion individuals on the planet, 4billion of them use cell phones but just 3.5 billion of them use toothbrush.

•The World’s first camera took eight hours to snap a photo in the mid-1820s (1826 -1827).

•There is a factory in Japan which can run unsupervised for 30 days at a time – it is almost entirely manned by robots.

•In 1999, Paypal, with its original business model, was voted top 10 worst business ideas. As of 1st of January, 2018, they are a $102.0 billion dollar business.

A business driver is a resource, process or condition that is vital for the continued success and growth of a business. A key driver in any organization is something that has a major impact on the performance of its operations.

For example
•Human Resource – Leadership
•Positive Culture – (Productivity, Congenial Work environment, Empowerment and Engagement)
•Customer Service Oriented Culture
•Innovation and technology
•Networking
•Efficient Operational Capabilities
•Effective measurement (KPIs) and institution of corrective measures
•Training/Capacity Building

A company must identify its key drivers and make a conscious effort to maximize what is within its control. There are always extraneous business drivers that a company cannot influence, such as economic conditions or trade relations with other nations etc.

Technology has literally changed every aspect of the way any business operates and never before in history has that change occurred so fast. It is now the key driver.
In 2017, Baker McKenzie and Merger Market conducted a survey involving 150 Asian-pacific business leaders on how technology is driving businesses.

•66% reported that the pressure to absorb and adopt new technology as a means to business innovation was one of the biggest challenges facing their businesses.

•The results of this year’s Asia Pacific Business Complexities Survey rank internal technological innovation as the most prevalent complexity for business in the region, above cost pressures (64%) and shifting regulation/compliance issues (62%).

•62% of respondents cited externally-driven disruption via technology as one of the greatest challenges they currently face.

•84% of businesses are expecting to be unsettled by competitive technology within the next two years.

•This figure rises to an almost unanimous 97% for financial institutions, and 96% for consumer and retail companies.

The foregoing gives us an indication of how technology has become indispensable in business. The world is constantly going through a technological revolution. It is an extremely difficult task to keep up with the exponential advances in science and technology, but this is what separates the rapidly growing businesses from the stagnant businesses which have refused to acknowledge the importance of upgrading their technical infrastructure. The world is one big village and Ghana cannot be isolated from developments on the global scene.

Futurists have predicted the different ways the workplace of the future will evolve
•A workforce dominated by freelancers and contractors
•Mobile and agile office spaces
•Emergence of super, mega-corporations who will be more powerful and larger than some national economies.

FINANCIAL INTERMEDIATION

In Ghana, one area that has significantly felt the impact of technology has been financial intermediation and that is only on the payments and settlements side. The contribution of technology to the achievement of a cashless or cash-light society cannot be overemphasized. Mobile Money has become the order of the day and the rise of FinTechs has disrupted the way banking is conducted.

Statistics from Bank of Ghana indicate the following
•52.86% growth in 2018 alone in terms volume of mobile money transactions moving from 428 m transactions in 2017 to 655m transaction in 2018.

•Value of transactions moved from GHS 68billion in June 2017 to GHS104 billion in June 2018 representing 53.31% growth.

•Registered mobile money accounts as at June 2018 was 29.9m probably more than Ghana’s population.

MARKETING

Marketing and advertising have also benefited significantly from the use of technology. The advent of internet with its benefits has created platforms such as facebook, whatsapp, LinkedIn, Pinterest etc. These platforms serve as ready avenues for the marketing and advertising of products and services at minimal costs and yet have an advantage of reaching millions of individuals within the shortest possible time. The impact of these platforms has been felt across cultures, geographic locations, industries etc. These platforms have become too strong to ignore in the scheme of things. All successful businesses don’t have a choice but to explore the use of electronic media to advertise their products and services.

BUSINESS PROCESS AUTOMATION
Business process automation is yet another area that continues to leverage on technology to thrive. Whether it is having your coworkers and employees available via text/video chat at a moment’s notice, or being able to send targeted promotional email blasts to prequalified customers or using the power of technology to detect consumer buying pattern, the rise of mobile technology has blended almost seamlessly with communication software to create a hyper-real web of real time information.

GLOBALIZATION
Technology has increased the level of contact between local businesses and the world and vice versa. National and Continental barriers are now non-existent.

E-COMMERCE
Jumia, Tonaton, Zoobashop, OLX, Melcomonline are but a few e-commerce sites that have leveraged on technology to establish huge online shops in Ghana. One can place an order and have it delivered to your doorstep within a considerable short time. Some businesses have capitalized on this technology to help them deliver goods and services promptly.
The main objective in all these is the convenience and comfort of the customer!!

FUTURE OF TECHNOLOGY
The future of technology will be hinged on the following pillars
•Imminence
Ability to do business everywhere around the clock. Like it is said, anywhere that the head is active, that place is an office.

•Integration
This refers to the ability of businesses to efficiently and effectively connect their processes. For instance, going to the bank to process an order and once payment is done; the manufacturer delivers the product to the consumer.

•Fragmentalization
Breaking down the company into small units and operating from different parts of the globe to ensure efficiency

•Bridging the gap between producer and consumer (PROSUMERIZATION)
This is essentially taking out the middleman and consumers being able to get in touch directly with the producer

•Convergence
Everything is now moving towards one thing – technology

•Digitalization
Rapid conversion of information into bits and moving them around quickly and analyzing within seconds.

CONCLUSION
To say that technology is evolving will be an understatement, technology is actually galloping. In this century, it is not how much we think technology can improve one’s business, but the broader issue is whether it is possible to conduct business without relying heavily on technology.

According to McKinsey Global Institute, Two billion individuals and 200 million small businesses in emerging economies lack access to basic financial services and credit currently. However, broad adoption of mobile banking in developing nations could create 95 million new jobs and increase GDP by $3.7 trillion by 2025.

Companies today are 460% more likely to fail within five years than they were in earlier decades. Creative destruction is accelerating as companies invest in intangible assets such as databases, proprietary algorithms, expert workers etc. instead of physical assets such as factories and inventory.

Businesses that possess the capability to adopt emerging technology and manage through the complexities have a greater chance to achieve 83% higher market cap, 78% earnings per share and 18% more revenue.

20 Aug 2018

BOND SAVINGS & LOANS: A DECADE OF GIANT STRIDES

BOND SAVINGS & LOANS: A DECADE OF GIANT STRIDES

Ten years ago, wholly Ghanaian- owned financial services company, BOND, received approval from Ghana’s Central bank to operate as a Savings and Loans company.
BOND savings and Loans Plc. took off with one office which has now translated into 12 outlets within the country. With just a handful of staff at the start of operations in 2008, BOND has built up tremendously to staff strength of over 150.
The company’s customer base has grown in leaps and bounds from the first 10 to 100, then to 1,000, and “today, we have well over 10,000 customers and their unmatched loyalty, is what drives us to deliver our best every day,” excited Chief Executive Officer (CEO) of Bond Savings and Loans, Mr. George Ofosuhene noted.
Mr. Ofosuhene is categorical that BOND’s 10 year story is a celebration of Ghanaian innovation, excellence and a commitment to a future driven by digitization.
BOND, he maintained will continue to ensure that customer’s banking experience is made easy and guarded by unsurpassed security.
FINANCIAL PERFORMANCE
The sterling financial performance shown by BOND has earned the praise of many, including Vice President, Dr Mahamudu Bawumia, who was then a Deputy Governor at the Bank of Ghana (BOG) when the initial license was issued to BOND, then a Finance House.
In his own words at the launch of the 10th anniversary celebration, the Vice President, Dr Mahamudu Bawumia, who was the special guest of honor, said “I looked at your financials and I was very impressed with your work and your achievements over the last 10 years”.
BOND increased its profit for the last financial year, 2017 by 39% to GHS 11milion from GHS 7.9 million in 2016 while deposits from customers soared 54% to GHS 242 million.
Loans and advances to customers rose by an impressive 18% from GHS159 million in 2016 to to GHS188 million in 2017.
BOND’s capital adequacy ratio stands at 16%, well ahead of the industry average, while its non-performing loans ratio is under 10%, way below that even of the banking sector which is around 23%.
BOND TO REMAIN A CHANGE AGENT
Mr. Ofosuhene indicated that right from the onset, the company’s vision was to be the change agent waiting to dawn on the financial services industry in Ghana.
Poised to make an indelible impression on the minds of its customers, the BOND CEO said his outfit decided to provide “a totally different approach to the management of relationships, moving away from the transactions.”
“And 10 years on, we at BOND remain committed to facilitating the creation of wealth for Ghanaians both home and abroad,” Mr. Ofosuhene confidently stated.
BOND, A BUSINESS SOLUTIONS HUB
For a company that has set itself on a mission to make a difference in Ghana’s financial services sector, and become the hub for meeting the needs of businesses, Mr. Ofosuhene said “we are focused on tailoring specific solutions to every business challenge that walks through our doors and partnering the customer to achieve his or her financial goal.”
For him, it was time to usher in a new phase of financial intermediation in Ghana-one which BOND was more than ready to spearhead.
GOOD CUSTOMER EXPERIENCE IS BOND’S TOP PRIORITY
“Everything we do is dependent on ensuring that the customer is satisfied and the customer continues to walk through our doors; the experience that the customer enjoys is what makes it possible for us to continue to have repeated business,” Mr. Ofosuhene said.
BOND’s new bulk payment system will allow customers to make bulk payments to any bank account within the country. Appreciative of the fluid nature of future banking needs, the company’s vision is to enable customers access their money from anywhere in the world.
DOING MORE ON THE BOND MOBILE BANKING APP
BOND is seeking for its customers to be able to do more through its electronic banking platform (BOND Mobile Banking App). The company is thus rolling out additional measures that will make bill payments, mobile money transfers and airtime top ups easy to undertake via the smartphone.
BOND CLIENT SERVICE
The new service allows customers to receive funds through any electronic channel, BOND branch or cash center. The service eliminates the risk of carrying a lot of cash and allows merchants to expand their reach to their customers, making transactions between them a lot easier.

09 Aug 2018

BOND Supports The Children’s Heart Foundation

BOND Supports The Children’s Heart Foundation

BOND Savings and Loans Plc. have again gone to the rescue of deprived families who are unable to afford the cost of surgeries to correct congenital heart diseases.
As part of its Corporate Social Responsibility (CSR), the company has doled out GH¢35,880 in aid of four-year old Fafali Kluvia, diagnosed with a hole-in- heart condition.
The amount will enable little Fafali undergo surgery at the National Cardiothoracic Centre, Korle-Bu Teaching Hospital (KBTH) to correct the abnormality.
The Company, last Thursday donated that amount of money to the Children’s Heart Foundation at the Korle Bu Teaching Hospital at a brief session organised by the Foundation to receive donations on behalf of children diagnosed with congenital heart diseases.
The Children’s Heart Foundation is a non-profit, non-governmental voluntary organisation.

BOND has been supporting the Foundation for the past 5 years, an initiative which is part of the company’s mission.
Media and Public Relations Officer for BOND, Ms Jacqueline Pinto told The Finder the objective is to “extend some relief to these young ones so they can get well, go back to school and play.”
“We are always delighted to be able to support these children; at BOND we always say that we believe Ghanaians must support their own and we are proud to associate with this worthy cause,” Ms Pinto said.
On behalf of BOND, she encouraged parents of diagnosed children to keep hope and support their children.
“We know these are challenging times but thank God we are all here to support; take good care of these young ones and we believe God will see you through,” she appealed.

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18 Jul 2018

BOND INTRODUCES NEW USSD CODE

BOND INTRODUCES NEW USSD CODE

The BOND USSD BANKING allows our customers access to banking services at their convenience from any location using any phone (smartphone and feature phone) simply by dialling *876#.

Among other things, the BOND USSD Banking *876# allows the customer to do the following:

  • Check balance
  • Bank to Mobile Money Wallet transfers
  • Mobile Money Wallet to Bank transfers
  • View mini statement
  • Buy airtime and internet data
  • Bill payments
16 Jul 2018

BOND ASETENAPA RELOADED PROMOTION

BOND ASETENAPA RELOADED PROMOTION

The BOND Asetenapa promotion is here again. We are rewarding you our cherished customers with awesome prizes like home appliance, Duapa investment account, shopping voucher, attractive interest on your account and many more as we celebrate our 10th anniversary. Transact business on your account from now to 31st December, 2018 to win awesome prizes.

Call 0303 214444 or 0303 205550 for more information.

BOND, Your Success, Our Passion.

06 Jun 2018

BOND SPONSORS THE NATIONAL SCIENCE AND MATHS QUIZ COMPETITION

BOND SPONSORS THE NATIONAL SCIENCE AND MATHS QUIZ COMPETITION

This year’s edition of the National Science and Mathematics quiz will have a Mentorship Sessions. This initiative will comprise of presentations from professionals taking students through the realities of the working world.

BOND Savings and Loan is proud to sponsor this year’s Mentorship Sessions.

10 Apr 2018

BOND SAVINGS & LOANS DONATES TO THE CHRIST FAITH FOSTER HOME

BOND SAVINGS & LOANS DONATES TO THE CHRIST FAITH FOSTER HOME

BOND Savings and Loans, the 2016 CIMG Savings and Loans Company of the year, made a donation and spent some time with children of the Christ Faith Foster Home ,Frafraha in Accra.

BOND donated several food items, clothes and supplies to commemorate the Easter celebrations and to announce their commitment to put up an infirmary of the home to mark their 10th anniversary celebration.

BOND has supported the foster Home for the past (seven) 7 years in various ways including infrastructure face lift , food items, educational and medical supplies based on the home’s need.

During the visit Ms. Jacqueline Pinto, the Media & P.R Officer for BOND, stated that as a fully Ghanaian owned company, they had come this far with the support of the Ghanaian community which has patronized the products and services of the company with a firm belief in the abilities and capabilities of the company. BOND believes in giving back to its own; Ghanaians must support Ghanaians and quoted a line from Maya Angelo’s that “one should not go through life with a catcher’s mitt on both hands; you need to be able to throw something back”.

Miss Pinto also encouraged the children to study hard, dream big to pursue and realize their interest, she also encouraged them to look out for each other and as the bible says “to be each other’s keeper”.

She further stated that BOND is celebrating ten years of providing financial solutions and banking services. She indicated that there are a lot of surprises to look forward to and also pledged BOND’s continuing and unflinching support to customers over the past ten (10) years. BOND is positioned to continue to introduce products and services that will give customers the needed convenience, lasting value and financial security that all stakeholders deserve.

BOND is a leader in the Savings and loans sector and a player in the financial industry in the country and duly registered and supervised by the Bank of Ghana.

24 Jan 2018

REVIEW OF ACCOUNT CHARGES

 

Kindly be informed that maintenance fee on all current accounts has been reviewed to enable us serve you better.

The revised monthly charges are as follows:

CATEGORY                                                             MAINTENANCE FEE

Individual                                                                         GH₵5

Sole Proprietor                                                                  GH₵25

Small Business                                                                  GH₵45

Corporate                                                                           GH₵75

The minimum balance on savings account is now GH₵30 and a monthly charge of GH₵1 will apply for SMS banking services on savings account.

All e- banking services are free of charge. These rates take effect from 1st February, 2018.

Thank You.

BOND, Your Success, Our Passion.

20 Nov 2017

BOND INVESTMENT CODE

BOND INVESTMENT CODE

BOND Savings & Loans Limited wishes to inform its cherished customers and the general public that, the company has introduced a USSD CODE for funds transfer.

The new code (*713*1788#) will enable customers transfer funds from their mobile money wallet across all networks into their investment account at BOND.

This initiative offers customers enhanced convenience, security and real time value for funds transferred.

Valued customers are to note that one should be an existing investment account holder with BOND and a registered mobile money subscriber before making transfers via this mode.

Attached is a breakdown of the steps involved for the various networks.

Kindly call 050 134 0465 for further information.

BOND, Your Success, Our Passion

 

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26 Sep 2017

BOND WINS SAVINGS & LOANS COMPANY OF THE YEAR

BOND WINS SAVINGS & LOANS COMPANY OF THE YEAR

 

BOND Savings & Loans was awarded the Savings and Loans Company of the year 2016 by the Chartered Institute of Marketing Ghana (CIMG).

A company is awarded this recognition for demonstrating a good understanding and implementation of marketing concept, exceptional customer service and philanthropic contributions to society.

We would like to thank our customers, employees and management of BOND and all stakeholders who helped us achieve this height.

BOND, YOUR SUCCESS OUR PASSION

 

 

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16 Sep 2017

BOND SAVINGS & LOANS INDUCTED INTO THE FINANCIAL SERVICES HALL OF FAME

BOND SAVINGS & LOANS INDUCTED INTO THE FINANCIAL SERVICES HALL OF FAME

 

 

The Premiere Brand inducted BOND Savings and Loans into the Financial Services Excellence Hall of Fame last Wednesday 13th September, 2017.

The Hall of Fame Accreditation is an honor that is accorded a business organization whose service performance to the community is deemed excellent and exceptional.

We are humbled by this award and pledge to continuously improve and provide an exceptional service to our customers and general public.

BOND, YOUR SUCCESS OUR PASSION.

 

 

 

 

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01 Sep 2017

INTRODUCING THE BOND MOBILE APP

INTRODUCING THE BOND MOBILE APP

Enjoy the convenience of performing the following transactions anytime and from anywhere.

  • Quick view of account summary
  • Quick access to transaction history
  • Cheque book request
  • Quick transfer of funds between accounts
  • Quick transfer of funds to beneficiary in BOND