Progress Savings and Loans Limited is a wholly owned Ghanaian company incorporated on 08th December 2011 and licensed by the Bank of Ghana on 12th February, 2016 under the Non Bank Financial Institution Law 2008, (Act 774) to provide financial services to the public. Progress is supervised by the Bank of Ghana and therefore is authorized to take deposits from the general public and institutions, give out loans and offer other financial services as done by other banks.
The company has its head office at the Zion House, Shiashie Road, East Legon. Its first branch is located at the ground floor of the Zion house.
Our approach to products and services are largely driven by our ability to obtain a clear understanding of the specific needs of our clients and we provide tailor made services to meet the needs and challenges of our clients.
Progress has a wide range of products and services structured to provide financial solutions that meet the needs and requirements of different categories of customers. Our ability to deliver unique quality services to our clients is due to our dedicated professionals who are well trained to provide excellent service delivery through relationship banking.
The capitalization requirement for a savings and loans company in Ghana is currently GHC15,000,000.00. Progress has met this requirement with a capital base of GHC18,000,000.00 and has a balance sheet size of approximately GHC28,000,000. The company therefore has a strong financial backing to offer efficient and innovative banking services to its customers.
With an ongoing branch expansion drive and the imminent launch of its electronic banking suite, Progress Savings and Loans gives you several reasons to own any of our deposit and credit products. We keep to our brand promise in going the extra mile to delight you, our esteemed customer, through a responsive and proactive approach to handling your business needs. Other services provided to our clients include:
The Company is driven by the following core values: Our corporate identity rests on our core values which include integrity, service excellence, empathy, resilience and passion. The philosophy holds the company together and provides the guiding principles, strategic vision and mission for the company and drives its relationship with customers, regulators, shareholders and all other stakeholders
To be the most preferred and patronized financial service provider in the eyes of our customers and other stakeholders by offering products and services at reasonable and competetive rates and in the most cost effective manner.
To deliver unique financial solutions to optimize customer satisfaction and shareholders returns through the use of state of the art technology and well motivated professionals and competent staff.
This product is geared towards encouraging individuals to set aside money gradually to meet future and unforeseen needs.
The account attracts interest which is paid at the end of every quarter. Statements are also provided on request.
JOSEPH BOYE CLOTTEY
Our dedicated Staff members generously contribute their time and professional expertise to Progress’ governance. Working together with our staff, funders, and consultants, our Board of Directors helps Progress to best serve the needs of its clients and provides an important leadership role in the organization.