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4-Traders Homepage  >  Equities  >  Nyse  >  Western Union    WU

WESTERN UNION (WU)
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Western Union : GHL Bank signs up with Western Union

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01/13/2018 | 03:25am CET

Accra, Jan. 12, GNA -GHL Bank, formerly Ghana Home Loans, has signed up with Western Union to offermoney transfer services, joining a global network of Western Union partners toprovide a fast, reliable, secure and convenient way of remitting funds withinthe country as well as inbound transfers.

The Executive Directorof Business at GHL Bank, Mr. Kojo Addo-Kufuor, stated in a statement issued tothe GNA that, Western Union offered one of the easiest ways by which family andfriends can send and receive money and stay connected to their loved ones.

“With over 437,000Agent locations worldwide, Western Union is definitely one of the institutionsto partner, in creating the platform to conveniently serve our clients’’.

He noted that with arobust banking system, GHL Bank will expand its frontiers to enable as manypartners to drive the bank’s focus for digital and convenient banking in Ghana.

“Our reliabletechnology customer centric platform and excellent customer service, ensures fastand efficient receipt of funds from abroad. The good thing about this is that,you don’t need a bank account to receive money from anywhere in Ghana”, Mr.Addo-Kufuor said.

This remittanceservice also provides non-resident clients of GHL with convenient channel toservice their mortgage facilities on a monthly basis. GHL is a one-stop bank focused on the realestate sector and home ownership.

The company evolvedfrom Ghana Home Loans, the largest home financing institution in Ghana into a universalbank in December 2017. Ghana Home Loansdisbursed mortgages of about $200 million through its financing products, whichinclude Home Purchase Mortgages, Home Equity Mortgages, Home CompletionMortgages and Home Construction Mortgages.

In addition to thesemortgage products, the bank offers smart innovations and experience forpersonal, private and business banking for payments, insurance, money transfer,current accounts and savings accounts.

GHL Bank is majorityowned by the Abraaj Group, a global private equity institution with over $10billion of assets under management.

GNA

(c) 2018 2017 Ghana News Agency (GNA) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 5 482 M
EBIT 2017 1 082 M
Net income 2017 758 M
Debt 2017 -
Yield 2017 3,44%
P/E ratio 2017 12,80
P/E ratio 2018 11,14
Capi. / Sales 2017 1,70x
Capi. / Sales 2018 1,67x
Capitalization 9 296 M
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Technical analysis trends WESTERN UNION
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TrendsBullishBullishBullish
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Average target price 20,3 $
Spread / Average Target 0,37%
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Jeffrey A. Joerres Non-Executive Chairman
Rajesh K. Agrawal Chief Financial Officer & Executive Vice President
Sheri Rhodes Chief Technology Officer
Betsy DeHaas Holden Independent Non-Executive Director
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