NDK Financial Services Limited

NDK Donates computers

admin — Fri, 17 Feb 2012 13:35:34 +0000

As part of its corporate social responsibility, NDK Financial Services, one of the first Finance House category of the Non-Banking Services, has presented eight computers and their accessories to two JHS schools in the Osu community to enhance the knowledge of pupils in an emerging IT world. ST Barnabas Anglican School and Presby Primary each received four computers and accessories in line with the company’s three-prong social responsibility areas – Education, health and Sports. Head of Marketing of NDK, Mr Tony Quaye, said the items were to help the pupils grasp the basics in ITC and to encourage teachers to direct their teaching methodology in that area. The items among other things were to prepare the pupils for a future IT-driven market force giving them the necessary tools to fit into the emerging arena. Last year, NDK offered scholarships to 60 bright but needy pupils in the Osu cluster of schools and with the help of qualified professionals, took the final year pupils through a free counselling sessions ahead of the BECE exams. The company has also constructed a six-classroom block costing thousands of Ghana cedis to the people of Puteh, a finishing community in Ada. Significantly, the reconstructed Puteh School was where the owner of NDK, Oko Nikoi Dzani, had his primary education while assisting his father in his fishing industry. NDK has also made significant contribution towards the rejuvenation and revitalisations of hockey in the country. The company, whose owner and CEO, Mr Dzani, doubles as the President of the Ghana Hockey Association (GHA), was one of those who contributed financially towards the construction of the country’s first-ever synthetic pitch (Sand-based) in 1999. And under his watch, Ghana hockey now has a modern stadium (in 2009), the first of its kind, and a water-based pitch, rated third in the world after Holland and Belgium. It is worth mentioning that NDK was the headline sponsors during the 2009 Hockey Nations Cup as well as the 2010 Hockey Club Championship, both in Accra. The company has in time past made several interventions in sponsoring Ghanaians clubs to participate in African competitions and helping to promote the country’s youth teams financially. The company has a hockey team called, NDK Financiers, one of the leading clubs in the seniors divisions and until recently were both the league and gala champions.

The New NDK Head Office

admin — Wed, 04 Jan 2012 13:21:21 +0000

Following the expansion of its customer-base and the growing demand to meet the ever-increasing customer needs, NDK Financial Services, a specialist finance house with creative approach to providing financial services, has relocated to an ultra-modern facility opposite the Accra Sports Stadium. Located a few metres away from its former facility near the Osu Cemetery Traffic light, the six storey with state of the art facilities, is meant to give the company a new facelift in the industry and also give customers the warmth and comfort they require. Constructed by Italian construction giants, Michellite, the new facility was commissioned on December 20, 2011, at the forecourt of the now ‘Onanye Aba House’ before some big wigs in the industry. The ceremony attracted mainly friends of the owner, Oko Nikoi Dzani, the Winneba Youth Choir and one of the country’s revered men of God, EastWood Anaba, in an atmosphere of praise and worship. NDK, one of the leading non financial institutions in the country, covers from gap loans, to warehousing, to SME financing but without the hustle and confusion. Indeed, NDK is the first company in the Finance House category of the NON-Banking Services industry in Ghana and began operations in 1991, from a rented property at Kingsway Mall in Accra, prior to the enhancement of the Financial Institutions (Non-Banking Law) of 1993- PNDC 328. The Head of Marketing of NDK, Mr Tony Quaye, told he media the company was committed to providing quality service which is the cornerstone of the business operations of the company. ‘Our excellence in the industry explains why both small and large businesses as well as individuals are comfortable working with us,’ Mr Quaye said.

Warehousing: Distroff Engineering supplies ECG with Generators

obsdev — Thu, 24 Feb 2011 04:55:10 +0000

Distroff Engineering Ltd was awarded a contract to supply ECG with generators. Mr Agyei, the chief accountant at Distroff Engineering approached NDK to assist in financing the contract. Distroff had however been able to a payment arrangement with the German suppliers of the generators. Thus a letter of Credit ( L.C.) would be used to pay for the actual good and NDK was approached to help with clearing the goods.

NDK gave Mr Agyei the necessary forms to complete the forms on behalf of the company. After confirming the contracts with ECG and ensuring that the the order with the German company meets the ECG standards, and an assessment was done. Distroff presented documents on their company as well as collateral and the ususal importation documents such as packing lists, bills of lading etc. ECG also agreed to make payment in the joint names of NDK and Distroff Engineering upon delivery of the goods.

When the goods arrived at the harbour, NDK’s clearing agent laiaised with Distroff Engineering and the goods were cleared and delivered straight to ECG.

ECG made payment to NDK in accordance with the terms of the contract and paid by the stipulated credit period. NDK reimbursed Distroff after the loan was paid off.

Distroff Engineering and Mr Agyei now know that NDK is a viable partner who can be called upon whenever they have contracts and orders to compelete.

Launch of ndkfinancialservices.com at La Palm

obsdev — Mon, 21 Feb 2011 02:58:44 +0000

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Breaking News, NDK Financial Services is now in TEMA!

obsdev — Mon, 21 Feb 2011 02:58:01 +0000

Mr. Oko NiKoi Dzani, Chief Executive Officer of NDK

NDK Financial Service has commissioned a new branch in Tema to serve corporate clients, importers, exporters and individuals interested in investments and personal loans. Staff of the company took Tema by storm Monday morning, with a float through the principal streets of the industrial city to outdoor their new branch office, off Meridian Road in Tema, Community Two. The plush Tema branch building is adjoined by three warehouses, each measuring 1,880 square meters, also owned by NDK for the purposes of providing warehousing services to customers, and non-customer importers and exporters. Chief Executive Officer of NDK, Mr. Oko NiKoi Dzani told journalists the move to Tema was because NDK had lots of its corporate clients either based in Tema or operating a great chunk of their businesses from Tema. He said moreover, “there are lots of businesses in Tema, the ports are booming both here and Takoradi – the oil find has increased the volume of business here and we want be part of the growth.” Mr. Dzani said lending had always been the core business of NDK and they would continue with that plus a fall back on their warehousing services, which would enable them provide proper security for the businesses they finance. He noted that the warehousing facility gave NDK an advantage over competition because it assured the customer of competitive charges. “Moreover our interest rates are just little bit higher than the banks because we borrow from the banks but there are no overhead charges so it makes ours very competitive,” he added. The Tema Branch Manager, Crispina Crankson said the branch would begin with loans and investment opportunities for persons and companies who want to invest their moneys in a viable business. She said we have a staff of 22 manning a credit department, accounts department and an investment department for starters. Crispina Crankson assured customers and prospective customers that NDK would remain a listening institution and also support customers to make strategic investments in order to grow their businesses. “NDK is not in the practice of chasing customers to the extent of selling their properties to defray debt, but we rather help our customers with sound financial and investment advice so they can make profit for both of our businesses to go on,” she said. Dr. H.A.K. Wampah, Deputy Governor of the Bank of Ghana, who cut the tape to commission the new office, lauded NDK for exceeding the 2012 minimum capital requirement for non-banking financial institution. He noted that the minimum capital requirement for 2011 was GHS4 million cedis and that for 2012 was pegged at GHS7 million, but NDK had already deposited GHS9.8 million with the BOG, which gave it the strength to manage risks better and remain solvent. “It is my hope that other financial houses in the country will meet the revised statutory minimum capital before the deadline,” he said. Dr. Wampah also lauded NDK for its corporate social responsibility contributions to the development of health, education and sports sectors of the economy, mentioning its support for breast cancer patients, scholarships for schools in Osu and support for hockey. He however charged NDK and other financial institutions to avoid high performing loans with the potential of eroding capital base, high cost/income ratio which adversely affects profits, adopt standard know your customer (KYC) practices through due diligence, and uphold the principle of transparency. Dr. Nii Amo Darko, a Member of the Council State urged the staff to be honest with customers, and urged customers to also be committed to paying back their loans.