Ecobank, UL, Sign Tripartite Loan Agreement

first_imgDr. Weeks and Ecobank MD Mensah-Asante exchanged loan agreement after the signing ceremony. Pan-African banking group Ecobank Liberia Limited and the University of Liberia have signed a tripartite loan agreement to extend loan facilities to its faculty association who are full-time employees of the university. The loan package, according to Ecobank Managing Director, George Mensah-Asante, comes at a concessionary interest rate, with a one-month moratorium.“As a bank, we continuously find innovative ways to promote our business and to also grow our customer base. We are therefore extending our full array of financial services to the membership of the University of Liberia Faculty Association,” Mensah-Asante said at the signing ceremony on Wednesday, March 20, 2019, in Monrovia. “This includes loans, a variety of digital products and services as well as other traditional banking facilities to ULFA members.”Under this agreement, he said, loan applicants can apply for personal, vehicle loan, and mortgage depending on the individual’s debt-service ratio.Explaining the qualification aspect, the Bank Managing Director said applicants must first be full-time employees of the university and have no other loan obligations with any other bank.Also commenting at the signing ceremony, President of ULFA Cllr. Viama J. Blama thanked Ecobank for the timely intervention, which seeks to elevate the lives of the association members.He said the loan has a 12 percent interest rate and is only open to full-time employees of the institution.Cllr. Blama disclosed that his administration lobbied with reputable banks for ULFA members to obtain a loan that will enable them to buy a car or build their own homes. He said, his administration has been able to lobby with the University of Liberia (UL) administration in forming a cordial partnership to address issues affecting the warfare of the association.“So, we are happy today to sign this agreement. This loan is a tripartite agreement and the case of dismissal or death, ULFA takes the responsibility,” Cllr. Blama added.For her part, UL President, Prof. Dr. Ophelia Inez Weeks, expressed gratitude to Ecobank for making available such financial services, especially the loan packages, to members of the Association.She pledged, on behalf of the members, that they will endeavor to fulfill all obligations, as customers of the bank and to repay all loans contracted timely.Meanwhile, the signing ceremony was attended by the management of Ecobank Liberia, management of UL as well as the leadership of ULFA.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Boca Juniors arrive in Madrid to end Copa saga

first_img0Shares0000Carlos Tevez greets Boca Juniors supporters as his team arrive in Madrid for the delayed second leg of the Copa Libertadores final © AFP / GABRIEL BOUYSMADRID, Spain, Dec 5 – Boca Juniors landed in Spain on Wednesday as they prepare to end the long-running Copa Libertadores final saga over two weeks after a fan assault threw the fixture into doubt.Boca players were greeted by an army of fans outside their hotel in Madrid as they prepare to finally dispute the second leg of the final against arch-rivals River Plate on Sunday at the Santiago Bernabeu stadium, with the scores level at 2-2 after the first match at Boca’s La Bombanera ground almost a month ago. The match has been delayed ever since River fans attacked the Boca team bus hours before the match was supposed to take place at River’s El Monumental stadium on November 24.River jetted off from Buenos Aires on Wednesday afternoon, with Boca already in the Spanish capital in order to contest the decisive leg of the biggest match in Argentine football history at a venue at which they had both initially refused to play.Over the weekend River joined Boca in saying that it was “incomprehensible” that the game had been moved to Spain, insisting that the club bore no responsibility for the “faults in the security operation” for the high profile fixture in Buenos Aires.On Tuesday Boca hero Juan Roman Riquelme slammed the decision to move the match away from Buenos Aires to Spain, saying that it would make one of the world’s fiercest derbies “the most expensive friendly in history”.“The final is losing a bit of its magic,” Cristian Farfalla, a young Boca Juniors supporter who made the transatlantic trip from Argentina, told AFP.“Honestly, I would have preferred the game to be played over there (in Argentina). But on the other side, I have the chance to be able to come and see it, which I wouldn’t normally have been able to do.”On Monday the two clubs each put 5,000 tickets on sale to supporters in Argentina at 3,600 pesos (84 euros), or a quarter of the average monthly Argentine salary.Meanwhile in Spain 20,000 tickets were put on sale for Boca fans outside Argentina on Tuesday, and a source close to the match organisers told AFP that the same number of tickets would go on sale to River supporters who live abroad.0Shares0000(Visited 1 times, 1 visits today)last_img read more