Bond Savings and Loans Ltd

Corporate Status and Oversight

Bond Savings and Loans PLC is a non-bank financial institution operating in Ghana. The company is licensed and supervised by the Bank of Ghana, the country's central bank and primary financial regulator.

The institution presents its operational base as being located in Tema, Ghana. Its stated mission is to provide customized financial solutions tailored to the needs of both individual clients and business entities.

Historical Background

The institution was established in 2007. Its initial operations began under the structure of a finance house, a specific category of non-bank financial institution in Ghana.

In its fifth year of operation, the company transitioned its business model. It acquired a savings and loans licence from the Bank of Ghana, which altered its regulatory classification and expanded its scope of permitted activities to include deposit-taking from the public.

Business and Personal Lending

Bond Savings and Loans provides a range of credit facilities for both personal and commercial purposes. The product suite includes general personal loans designed for individuals and business loans structured for corporate clients.

For salaried workers, the institution offers a payroll loan product. It also provides asset finance loans, which are structured to facilitate the acquisition of specific assets by individuals or businesses.

To support commercial and trade activities, the institution's product offerings include import loans and working capital financing. These products are designed to address the specific funding requirements of businesses engaged in trade and day-to-day operations.

Savings and Investment Solutions

The institution offers several products for customers looking to save or invest funds. These include standard savings accounts for individuals and businesses to hold liquid funds and manage daily transactions.

For clients with longer-term financial objectives, Bond provides fixed deposit accounts and other investment plans. These products are structured to accommodate different investment horizons and financial goals as defined by the customer.

Digital and Transactional Banking

Bond Savings and Loans provides customers with access to their funds through an ATM service. This allows for cash withdrawals and other related transactions at automated teller machines.

The institution operates an internet banking platform. This online portal allows users to manage their accounts digitally. The platform supports both user registration for new clients and sign-in functionality for existing customers to access their financial information and perform transactions.

Remittance and Mobile Money Services

The company facilitates inward remittances, enabling customers in Ghana to receive funds from abroad. This service is provided through established international money transfer operators, specifically MoneyGram and Western Union.

Bond also offers mobile money services, integrating its financial platform with major telecommunication providers in Ghana. The supported mobile money networks include MTN Mobile Money, Telecel Cash, and ATMoney, allowing for seamless transfers between a customer's account and their mobile wallet.