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BEIGE Capital Savings and Loans (BCSL) has secured final approval to operate as a Universal Bank.
This final license follows BCSL’s satisfaction of all the licensing requirements of the Bank of Ghana.
The BEIGE Bank, is fully authorised to offer complete banking services to the general public as a traditional bank.
BEIGE’s banking subsidiary will be called The BEIGE Bank.
“We are happy about this milestone. Our competencies are in the SME space and that’s where we would play for now,” says Mike Nyinaku, CEO of BEIGE.
At the time of its licensing, the BEIGE Bank had over 70 business offices around the country, over 2,000 staff and a clientele base of almost 700,000 most of which are individuals and SMEs.