Consolidated Bank Ghana celebrates 5 years of market relevance

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.