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Press Release: Introducing…The BEIGE Bank

BEIGE, the financial services provider, wishes to announce to the general public that its subsidiary, BEIGE Capital Savings and Loans (BCSL) has secured final approval to operate as a Universal Bank. This final license follows BCSL’s satisfaction of all the licensing requirements of the Bank of Ghana. BEIGE’s banking subsidiary will be called The BEIGE Bank. The implication of this announcement is that BCSL, now The BEIGE Bank, is fully authorised to offer complete banking services to the genera

June 19th, 2017|

Press Release: U-life is now BEIGE Assure

U-life is now BEIGE Assure The BEIGE Group (BEIGE), the financial services provider, has announced the change of name of Unique Life Assurance Limited (U-Life) to BEIGE Assure Limited, following the successful acquisition of U-Life. A licensed Life Assurance firm The management of BEIGE Assure Limited will continue, and bring to full accomplishment, the one-year business transformation plan which included an injection of additional capital to increase the Stated Capital of the licensed Life Assu

May 9th, 2017|

BEIGE CEO speaks on consolidation of Banks

  By Samuel Doe Ablordeppey, ACCRA The Group Chief Executive Officer of BEIGE, Mr Mike Nyinaku, has cautioned that any attempt to artificially control the emergence of local banks would force such indigenous banks into becoming minority players in the market and in the long term make financial intermediation a preserve of foreign banks. In an exclusive interview with the Daily Graphic in Accra, the BEIGE CEO said the regulator should rather be encouraged to work with local banks for them to

April 24th, 2017|

BEIGE posts impressive earning results in 2016

BEIGE, the financial services provider, has returned an impressive performance in 2016, meeting all of its major targets and expectations. The banking arm of BEIGE, which controls about 30 per cent market share, in the savings and loans sector posted GH¢19 million in profit before tax, a jump of 77 per cent over the earnings in 2015. BEIGE Capital Savings and Loans (BCSL) recorded an interest income of GH¢301 million, for the year ended December 2016, compared to the GH¢172 million recorded for

April 4th, 2017|

Beyond the bank consolidation talks…there must be a stronger local content perspective

  Despite the raging debate as to the fact that there are too many banks in the country, Mr. Mike Nyinaku, the Chief Executive Officer of The BEIGE Group (TBG) is cautioning that the debate must be put into proper context. Mr. Nyinaku, whose BEIGE Group is in the final stages of acquiring a universal banking license from the regulator opines that comparing developments in Nigeria and South Africa, banking evolution will not suffice for us as a justification as each of these countries are at

March 29th, 2017|

2017 Budget is wake-up call for entrepreneurs – Mike Nyinaku

  Chief Executive Officer of The BEIGE Group (TBG), Mike Nyinaku, has called on entrepreneurs to take advantage of opportunities in this year’s budget. Mr Nyinaku expressed confidence that the 2017 financial plan can lay the platform for business ideas to thrive since one of its core focus is to provide an enabling environment for business growth and job creation. Mike, who founded The BEIGE Group, one of the leading financial institutions in the country in 2008, described the 2017 budget a

March 24th, 2017|

BEIGE Capital System upgrade successful

  The  Management  of  BEIGE  Capital  Savings  and  Loans  (BCSL)  has  commended  Jethro  Ltd   for   their   successful   implementation of   the   bank’s   new Core Banking Application Software, TEMENOS T24 (T24) Release 15. As the implementing  partner,  Jethro  has  been  engaged with the BSCL Team since the procurement of the software in January 2016. The  project  kicked  off  in  Accra  in  February  23, 2016  following  a  courtesy  call  on  BEIGE  Capital by   the   leadership  

March 1st, 2017|

Mike Nyinaku discusses the evolution of BEIGE with BnFT

February 23rd, 2017|

BEIGE Capital upgrades system to boost competitive capacity

Global Solutions (GS), the regional partner of TEMENOS banking software in West Africa, has confirmed the successful migration of BEIGE Capital Savings and Loans (BCSL) onto the world acclaimed core banking application platform Temenos T24. This follows BCSL’s announcement in December last year to unveil a transformational core banking software. According to GS, TEMENOS banking software has emerged as the preferred choice for over 600 premier universal banks in the world, including some very pro

February 23rd, 2017|

The BEIGE Group acquires U-Life

The BEIGE Group acquires U-Life. The BEIGE Group (TBG), the Financial Services Provider, today announces the acquisition of Unique Life Assurance Company Limited (U-Life), a licensed provider of life insurance products in Ghana. The acquisition process which began in the last half of 2016 was completed in January 2017, following the satisfactory due diligence procedures completed by the National Insurance Commission as well as other financial services regulators. The acquisition is an important

February 16th, 2017|

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