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Liberian FX Association Partner With Local Bank to Drive Access to Finance

Liberian FX Association Partner With Local Bank to Drive Access to Finance
Nov 27, 2019 · 2m 21s

The Groupe Nduom Bank (GN Bank) Liberia Limited, one of the country's fastest-growing banks, and the National Association of Foreign Exchange Bureaus of Liberia (NAFEBOL), have signed an agreement mutual...

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The Groupe Nduom Bank (GN Bank) Liberia Limited, one of the country's fastest-growing banks, and the National Association of Foreign Exchange Bureaus of Liberia (NAFEBOL), have signed an agreement mutual partnership to promote access to finance. Madam Rhonda R. VonBallmoos, the bank Deputy Managing Director for Client Services and administration, said they know how much people use this service for transaction, and the bank is glad to have entered this partnership with the belief that it will benefit both institutions,and they are here to support their customers as they expect their customers to support them,and their doors will keep open. The agreement was signed on Tuesday, November 26 at the head office of Bank (GN Bank) Liberia Limited on Broad Street, and witnessed by the leadership of NAFEBOL, and staff of the bank. According to the agreement, the association will now serve as a partner for GN Bank mobile money when the bank will anticipate to see a long term or continue the partnership. According to the agreement, GN Bank's customers will now directly withdraw from their account through NAFEBOL members. "Now, money can be transferred to all GN Bank mobile money users using the Bank's account," according to the agreement. She said plans are underway to ensure that the program is decentralized to the 15 counties, as they believe that more people will make use of the service. She, therefore, called on the public to register with GN Bank by dialing *545#. NAFEBOL President, Nimely Sayeh, said the association will work with the Bank to ensure that the agreement is sustained. He said the bank has a vision for the association and will do all possible to sustain the partnership in the interest of the two institutions.
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Author Africa Business Radio
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