Databank holds annual thanksgiving, chalks 25 years in 2015

Asset management and equity firm Databank has held its annual thanksgiving service at the Asbury Dunwell Church in Accra on Thursday, as well as raise funds to support the children’s ward of the Accra Psychiatric Hospital.

Springboard executive and minister of the gospel, Albert Ocran in his message challenged congregants to aspire to greater heights and not feel inferior as there is greatness in everyone.

He urged sheep in the Lord’s garden to be guarded lest the greatest opportunities pass them by using a man who had been provided arms and tools to kill a bird as an example, who only stood and watched when the bird flew by. He said 2015 is the year where those who trust in the lord must act on their hopes especially after the prayers and fasting.

Group CEO Kojo Addae-Mensah who took over the mantle of leadership in May from Keli Gadzekpo explained he was deeply humbled when the pair of Ken Ofori-Attah and Keli Gadzepko appointed him as the new CEO, noting that the legacy bequeathed to him was huge but was grateful with the support of the team he has been able to restructure operations of the company.

He said in 7 months, the bank launched the Edi-fund, Ghana’s only two tier fund bringing the total of funds being managed at the bank to 5; adding that the bank also pioneered the first cedi bond in the country to huge acclaim.

“We also won the Balanced Fund of the year 2013 gold winner award, Broker-Dealer of the year 2013 gold winner award and Investment Advisor of the year 2013 silver award in addition to other certificates of recognition given the bank,” Mr. Addae-Mensah stated.

“The vision of Databank is to be the dominant financial firm in Ghana and Africa. Even as we mark our 25th anniversary in 2015, bear in mind that the drive is to touch every Ghanaian with a databank product whiles making our products easily available in software,” he added.

Group Chief Marketing Officer of Databank Group for her part expressed joy at the progress of the company intimating that despite the challenges, the bank remains a leader in many fields.

On why the bank has limited branches, Madam Gillian Hammah noted that the cost of opening new branches across the country was on the high side, but assured that in 2015 Databank will seal a deal with strategic banks in the country such that Databank can operate its unique services from the premises of such banks.

“Databank is essentially an investment bank not a commercial one, so our first goal is managing investments and equities. Within a year, our EPACK yielded 80% returns while the Ghana Stock Exchange offered 36%. We are set to roll out the Emergency Fund and Retirement Fund to help clients adequately deal with eventualities,” she added.

Databank is a proud Ghanaian multi-national company that has innovated in financial services since it was founded in 1990 by Keli Gadzekpo and Ken Ofori-Atta.

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credit : Michael Eli Dokosi | GhanaWeb