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TF Financial Services Goes Banking

Atto Esiam

Atto Esiam

TF Financial Services (TFFS), a wholly-owned subsidiary of the Teachers’ Fund, will soon become a full fledged bank.

Atto Esiam, Head of Operations at TFFS, told CITY & BUSINESS GUIDE in an interview that his outfit was just a year old, but had made remarkable impact in the financial sector of the economy.

He said: “Our remarkable performance in the financial sector had propelled the management of the company to take such decision.

TFFS, which has defined its niche market as the private and civil service sectors of the economy, would concentrate its core activities on the provision of loans to this market segment.”

Mr. Esiam confirmed that the company was also involved in the provision of loans to Small Micro and Medium Enterprises (SMEs), adding that its interest rates were relatively low, but highly competitive as compared to other financial institutions.

Giving a background of TFFS, Mr. Esiam said: “The decision to set up TF Financial Services was borne out of the Fund’s objective of diversifying its investments into long-term holdings.”

Mr. Esiam mentioned that TFFS would also extend its activities into other financial activities in response to market demands and growth potential in accordance with the licensing requirements of the Bank of Ghana (BoG).

The Trustees of TFFS, he observed, had maintained a prudent portfolio by investing in both listed and unlisted equities.

TFFS was officially launched in August, 2008.

Source: dailyguideghana.com

  1. Prince Arhin
    November 3, 2009 at 10:51 am

    I believe that it is a good idea to turn the financial service into a bank as it will give the teachers of this country something to hold on to. TF management indeed is wonderful and I am indeed glad to work with such a company.

    TF , Yes You Can !

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