GCB Bank defends SME lending risks
GCB Bank's Managing Director, Farihan Alhassan, affirmed the bank's strategy to lend to Small and Medium-sized Enterprises (SMEs). He explained that taking on risk from SMEs is essential for national economic growth. The bank focuses on helping these businesses become creditworthy and growing them into larger enterprises, seeing them as partners rather than just customers. This approach aligns ...
GCB Bank Managing Director, Farihan Alhassan, has stated that supporting Small and Medium-sized Enterprises (SMEs) is vital for economic progress. He explained that banks cannot avoid lending to these businesses even with their risk profile. This forms part of GCB Bank’s strategy.
Mr. Alhassan noted that GCB Bank sees SMEs as partners. The bank aims to help these businesses grow and become creditworthy. He added that the bank’s goal is not just to make profit. It is also to create a wider economic impact. This includes helping businesses create jobs and expand. The bank believes that when client businesses grow, GCB Bank also grows.
This strategy aligns with Ghana’s overall economic trajectory. GCB Bank wants to play a key role in the real sector of the economy. The bank is committed to building sustainable enterprises by providing lending support.
Source: StatsGH — Ghana's data-driven news platform