HFC Bank’s love turns sour


I am still trying to get the love story of two banks gone sour…

Nana Boakye-Yiadom's Blog

One of Ghana’s indigenous banks that is doing so well is about to lose its majority shares to the Republic Bank of Trinidad and Tobago, but the transition has turned ‘bloody,’ literally.

Asare Akuffo is Managing Director of HFC Bank Asare Akuffo is Managing Director of HFC Bank

How this story is turning out is a bit strange because HFC Bank literally went out there to invite Republic Bank of Trinidad and Tobago to be a key partner in the business.

The relationship started just like when two lovers find each other and want to quickly marry and consummate. But even before the marriage is blessed, there is already suspicion, seeming betrayal of love and trust. Hatred is literally oozing out from their veins. It is a sad end to a relationship that blossomed beautifully.

The media is also feeding on like vultures on a carcass.

According to some banking analysts and industry players I have spoken to…

View original post 77 more words

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s