Banks Lose 96% Customer Complaints To Regulator – ARB Executive Director

Around 96% of disappointed bank clients don’t say anything negative straightforwardly to their separate banks when they experience a test during their financial exchanges, the Executive Director of Association of Rural Banks, Ghana Mrs Comfort Owusu has uncovered.

As indicated by her, this disclosure is supported by experimental exploration by advertising specialists, expressing such disappointed clients don’t say anything negative straightforwardly to the organizations they manage.

As indicated by her, it is actually quite significant that, despite banks’ cognizant endeavors to convey predominant quality assistance, there can be administration disappointment due to wild factors, an advancement she noted calls for compelling client protest the board.

The Executive Director of Association of Rural Banks, has accordingly, approached provincial banks to be proactive by setting up client input framework to follow client grumblings and not trust that clients will gripe or think clients are fulfilled and OK.

By this appalling turn of events, Mrs Comfort Owusu has suggest some client criticism assortment apparatuses which incorporate conduction of consumer loyalty study each quarter, CEOs and Branch directors must collaborating with clients to figure out their dormant issues, secret shopping among others.

These proactive measures, she accepts would assist with tending to clients’ grievances accordingly lessening client disappointment and abandonment.

The Executive Director of Association of Rural Banks (ARB) made these declarations when she tended to the comprehensive gathering of the Eastern Regional section of the Association of Rural Banks held as of late in Koforidua under the subject “Buyer Recourse Mechanisms in Rural Banking”

She stressed the significance of approaching client grievances in a serious way; Effective instruments and systems for buyer plan of action as swell as Directors and CEOs job in dealing with clients’ grumblings.

Addressing the subject she was of the view that it was phenomenal and suitable on the grounds that it would help their part banks to limit acceleration of cases to the Bank of Ghana and likewise to the law court for change.

Backing her cases on the need to focus on client protests, she said “Concurring the Bank of Ghana report on client grievance, a complete number of 321 objections were gotten from the financial public during the half year of 2021 and the comparing past half year (2020) was 445.

This turn of events, Mrs Owusu focused on the way that when the banks dismiss client grievances, clients will look for change from the controller which could damagingly affect the bank’s standing.

She has in this way requested that provincial banks give pivotal consideration to client objections, demonstrating there is the propensity for clients to take part in regrettable verbal exchange correspondence by communicating their disappointment to companions, family members among others.

“On a genuine note, some will depend on the mass and virtual entertainment to look for supporters and change. Out of control spreading, it will almost certainly contrarily affect the individual RCB and likewise the business all in all. To stay away from these unfortunate results, we should focus on customer plan of action instruments and goal.” She pushed.

The Executive Director of ARB added that when disappointed clients issues are ignored, they will desert to their rivals, encouraging them that to remember that a few disappointed clients don’t leave alone, they will prevent their companions to go along with them.

“The resultant impact is that our client base and main concern will endure. Accordingly, as specialist organizations we should concentrate on client grumbling goal to drive consumer loyalty and maintenance.”, Mrs Comfort Owusu added.

Mrs Owusu encouraged CEOs to familiarize themselves with client’s protests to guarantee expedient goal, saying “As Directors and CEOs we have oversight obligation over our banks and therefore, we will be responsible when objections raise to the Bank of Ghana or court.”