We’ve built the foundation for a world-class bank — CBG MD
The Managing Director of Consolidated Bank Ghana (CBG), Daniel Wilson Addo, has said the Bank has laid a foundation for a world-class bank to become e a monument for all time.
CBG was formed to take over the operations of five banks whose licenses were withdrawn because they faced insolvency challenges.
A statement issued after the bank’s first year anniversary said in record time, the Bank had stabilised its operations and integrated the staff and banking applications of all its 114 branches.
It also posted its first profit and significantly increased its visibility nationwide.
At a thanksgiving celebration, to mark the first anniversary of the bank, the bank showed its appreciation to God for the remarkable achievement and rallied the Board, Management and Staff for greater success.
In an inspiring address, the Managing Director said the challenges the Bank faced and overcame in its first year of operation were enormous but added that “suffice to say that at every stage, we were motivated by the scale of the task ahead and a strong desire to justify the confidence placed in us,” the statement said.
He thanked the Board for its guidance and the Management and Staff for working together through the tough times.
Mr. Addo explained that the thanksgiving service was important because the successes were not just by efficient planning and execution, but through an unshakable conviction that the Lord would guide them through the pitfalls, the statement said.
Nana Abrah-Appiah, the Board Chairman of CBG, according to the statement, said CBG evolved from the back of the pack to become a force to reckon with in the industry.