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	<title>NDK Financial Services Limited</title>
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	<link>http://www.ndkfinancialservices.com</link>
	<description>Loans &#124; Investments &#124; Solutions</description>
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		<title>Warehousing: Distroff Engineering supplies ECG with Generators</title>
		<link>http://www.ndkfinancialservices.com/case-studies/warehousing-distroff-engineering-supplies-ecg-with-generators</link>
		<comments>http://www.ndkfinancialservices.com/case-studies/warehousing-distroff-engineering-supplies-ecg-with-generators#comments</comments>
		<pubDate>Thu, 24 Feb 2011 04:55:10 +0000</pubDate>
		<dc:creator>obsdev</dc:creator>
				<category><![CDATA[Case Studies]]></category>

		<guid isPermaLink="false">http://www.ndkfinancialservices.com/?p=190</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p>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.<span id="more-190"></span> 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.</p>
<p>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.</p>


<span class="quote_left"><p>When the goods arrived at the harbour, NDK&#8217;s clearing agent laiaised with Distroff Engineering and the goods were cleared and delivered straight to ECG.</p></span>

<p>When the goods arrived at the harbour, NDK&#8217;s clearing agent laiaised with Distroff Engineering and the goods were cleared and delivered straight to ECG.</p>

<p>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.</p>

<p>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.</p>]]></content:encoded>
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		<title>Launch of ndkfinancialservices.com at La Palm</title>
		<link>http://www.ndkfinancialservices.com/events/launch-of-ndkfinancialservices-com-at-la-palm</link>
		<comments>http://www.ndkfinancialservices.com/events/launch-of-ndkfinancialservices-com-at-la-palm#comments</comments>
		<pubDate>Mon, 21 Feb 2011 02:58:44 +0000</pubDate>
		<dc:creator>obsdev</dc:creator>
				<category><![CDATA[Events]]></category>

		<guid isPermaLink="false">http://www.ndkfinancialservices.com/?p=178</guid>
		<description><![CDATA[Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking [...]]]></description>
			<content:encoded><![CDATA[Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News<span id="more-178"></span>, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!Breaking News, NDK Financial Service website launch!]]></content:encoded>
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		<title>Breaking News, NDK Financial Services is now in TEMA!</title>
		<link>http://www.ndkfinancialservices.com/press-releases/breaking-news-ndk-financial-service-website-launch</link>
		<comments>http://www.ndkfinancialservices.com/press-releases/breaking-news-ndk-financial-service-website-launch#comments</comments>
		<pubDate>Mon, 21 Feb 2011 02:58:01 +0000</pubDate>
		<dc:creator>obsdev</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.ndkfinancialservices.com/?p=176</guid>
		<description><![CDATA[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 [...]]]></description>
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<div><img src="http://photos.myjoyonline.com/photos/news/201108/126270537_224666.jpg" alt="" /></div>
Mr. Oko NiKoi Dzani, Chief Executive Officer of NDK

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&#8211;><!-- Top Content -->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.
<img src="http://news.myjoyonline.com/photos/news/NDK%20Tema.jpg" alt="NDK Tema" width="460" height="230" align="right" border="1" />

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.]]></content:encoded>
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		<title>The brand new NDK website coming soon!</title>
		<link>http://www.ndkfinancialservices.com/press-releases/the-brand-new-ndk-website-coming-soon</link>
		<comments>http://www.ndkfinancialservices.com/press-releases/the-brand-new-ndk-website-coming-soon#comments</comments>
		<pubDate>Sat, 19 Feb 2011 13:55:44 +0000</pubDate>
		<dc:creator>obsdev</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.ndkfinancialservices.com/?p=171</guid>
		<description><![CDATA[The brand new NDK website coming soon! The brand new NDK website coming soon! The brand new NDK website coming soon! The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK [...]]]></description>
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The brand new NDK website coming soon! The brand new NDK website coming soon! The brand new NDK website coming soon! The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!The brand new NDK website coming soon!

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