The Agricultural Development Bank (ADB) has rallied support and patronage for its Initial Public Offer (IPO) which would be staged soon.
Cabinet earlier this year approved the bank?s proposal to enlist on the Ghana Stock Exchange (GSE) to expand its shareholder and equity base
Mr Stephen Kpordzih, Managing Director, ADB, who was addressing the official launch of the Tema Meridian Branch, said, ? Our listing on the GSE is a means to basically gave Ghanaians a sense of ownership? adding that,? It is our expectation that Ghanaians will embrace the IPO when the eventual announcement is made.?
According to him, ADB?s eagerness to be enlisted on the Ghana Stock Exchange was also to buttress the fact that it wanted to remain an indigenous bank which is committed to the aspirations of Ghanaians.
?I assure the good people of Ghana that we have prepared the bank adequately to go through the IPO process and that the end result will be very beneficial to the country and our customers.?
According to Mr Kpordzih, the bank was undertaking a major refurbishment exercise in all its branches to match up to its model branches at Ejisu in the Ashanti Region, Dansoman in Accra and the Tema Meridian.
He said the refurbishment comes along with improve services, especially customers services which emphasise the comfort of the customer.
The Managing Director announced that the Head Office of the bank would be moved to the Accra Financial Centre, near the Cedi House in early 2015.
A ?Deposit and Win Promo? which aims at rewarding customers of the bank was launched by Mr Alfred Neneh Akotiah, Executive Head, ADB Retail Banking.
During the 10 weeks that the promotion would run, customers who deposit 200 Ghana Cedis in their accounts would earn 50 per cent interest in addition to other gifts.