HFC bank MD resigns to take up ministerial appointment

The Board Chairman of the Bank, Charles William Zwennes, confirmed the approval of Le Hunte’s departure by the President of Republic Financial Holdings Limited and HFC Bank’s Board of Directors.

The Chief Executive Officer (CEO) of HFC Bank; Robert Le Hunte

This was contained in a statement issued by the HFC Bank.

He added that a new Managing Director would be appointed and subsequently announced soon in order to ensure a smooth transition.

Zwennes said the bank has been successful under the leadership of Le Hunte. Key among them is the recent achievement of bringing the Bank back to profitability with a historic half year performance. “The Bank is very pleased with Le Hunte’s initiatives of re-tooling the Bank and the enthusiasm he brought to bear. We have no doubt about Mr Le Hunte’s future successes and we stand hopeful and excited for the next chapter of HFC Bank.”

Le Hunte was appointed as the Managing Director of HFC Bank in July 2015.

Before his appointment as MD, he was the Executive Director responsible for Risk Management of the Bank.

Le Hunte also served as an Executive Director of Republic Financial Holdings Limited which is the parent-company of HFC Bank (Ghana) Limited. He also served Republic Bank in several key positions over the years.

Achievements of HFC Bank under Robert Le Hunte

HFC Bank has made notable progress in Culture Revitalization, ICT Infrastructure, Service Excellence, CSR Engagements and managing Non-Performing Loans.

It was during his tenure, the Bank made a historic first half year performance in 2017 by posting a profit of GHC26 million with an impressive cover ratio of over 65% provision to non-performing loans.

The Bank was recognized early in 2017 by the Institute of Human Resource Management Practitioners (IHRMP) as having undertaken the Most Successful Change Management Program in 2016.

HFC Bank was also named as the Most Telephone Efficient Bank in the Financial Institution survey conducted by Walsbridge Market Research.

At the 16th Ghana Banking Awards 2017, HFC Bank was adjudged the 2nd Runner-up in Corporate Social Responsibility and the 1st Runner-up in Trade Finance.

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