Payflex, a leading indigenous microfinance company limited located at Osu-Re in Accra, has re-launched its financing service operation, with a call on government to support the institution in order to push forward its?innovative programmes.?

The non-bank financial institution consequently pledged to continues to register itself as a formidable force in the financial institution with the provision of affordable and accessible loans to businesses, organizations and individuals.

Addressing the gathering, the Chief Executive Officer (CEO) of Payflex, Nana Yaw Ababio said the institution which was licensed by the Bank of Ghana (BoG) in 2012, is aimed at offering comprehensive range of financial solutions to Ghanaians.

?We expected to be the financial institution for the average person to take advantage of the ensuing opportunities in the economy. As we are ‘the unique financial institution for real people’ providing flexible, different, refreshing and timely tailor-made solutions? he stressed.

He noted that the institution have effective and well-trained professionals with an extensive research background and a greatly ability to listen, identify and understand customers.

According to him, the institution return-on-equity out-performed the annual treasury-bill rate of the institution while also its loan disbursement for the year significantly improved.

?With the SME and import sectors being our major beneficiaries, this goes to confirm that we are indeed an SME and import financial institution in the country.

?We would not be interested of opening more branches but we will ensure that we devise measures to build on existing one that can help us to offer affordable and accessible loans to our customers. Delivering with speed and accuracy is our hallmark?, Mr. Ababio further stressed.

He emphasized: SME is our traditional clientele base, made up of businesses that lack the appropriate structures for operations hence their peculiar needs for funding.

?These businesses have high potential growth if managed well and are the silent drivers of economic growth. Our corporate portfolio is also rapidly growing?, he advised.

He continued that as Payflex strengthened its deposit and loans mix it stood to gain more income.

?Our consumer finance portfolio was confident? This was driven primarily by strategic partnerships with various dealers in vehicles, import clearing agents and SME?, he noted.

According to him, the widening of the institution products base has also enabled the financial institution to optimize its earning assets at minimal default rates, as well as reduce risk concentration.

Mr. Ababio assured that his outfit continues with its innovative drive to satisfy clients with convenient products and services to ensure profitable relationships in the country.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.