Bayport Savings and Loans, a member of the Bayport Management Limited (BML) has launched the WE ARE BAYPORT campaign.
The campaign aims at providing relevant information about Ghana’s leading payroll based lender and one of the most significant Savings and Loans company to customers, investors, and stakeholders.
It is important to make information available to our customers, investors and all stakeholders.
We share our growth and success with our community, and it is appropriate to make information available to all our stakeholders and for them to Know what Bayport really represent’ Nii Amankra Tetteh, the Managing Director of Bayport Savings and Loans stated.
Over the past 15 years of operations in Ghana, Bayport has advanced over one billion Cedis (Ghs1 billion) to over four hundred thousand (400,000) Ghanaian businesses and workers.
“It is exciting also to note that, our staff referred to as Bayporteers is a major contributor to our success. Currently, we create employment opportunities for over two thousand (2000) Ghanaians month on month,” said Nii Amankra Tetteh
Bayport Savings and loans are part of an international group of business with operations in 9 countries across the world.
Specifically, Bayport has operations in seven (7) African countries (South Africa, Botswana, Mozambique, Zambia, Uganda, Tanzania and Ghana) and two in South Africa (Mexico and Colombia).
As a truly national business, Bayport currently operates from fifty-three (53) locations and present in all the regions of Ghana.
“Our objective is to have a balanced and effective distribution network that delivers convenience to our customers”.
It is important to note that the local investment community in Ghana gave a huge endorsement to the Bayport brand by actively and successfully participating in the initial bond of Ghs 200m listed on the Ghana Stock Exchange.
At the group level, Bayport’s core shareholding consists of its management, the founding entrepreneurs, Investment AB Kinnevik and Helios Investment Partners. This shareholding structure is complemented in the operating companies by local strategic partners.
Bayport received its first Development Finance Institution (DFI) loan from KfW (a German government-owned development bank).
This was an enormous vote of confidence in the business, the processes and the people.
In 2015, Opportunities for the Majority (OMJ) sector of the Inter-American Development Bank (IDB) granted Bayport Colombia an A/B loan facility of USD50 million.
This was the first loan facility from a DFI for any of the Latin American operations of Bayport.
Bayport under the holding group BML raised over USD300 million in its maiden and subsequent bond issuance for investment in growth and business innovation.
Bayport successfully has issued a total of SEK 783m and USD133 million subordinated bond on NASDAQ Stockholm in Sweden.
Public Investment Corporation (PIC), Africa’s largest strategic investor, acquired a minority stake in the business for USD149 million on behalf of South Africa’s Government Employees Pension Fund (GEPF).
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Source: Bayport
