Company Information

Get to know Midland Savings and Loans Limited

Founded in 1996, Midland Savings and Loans Limited was a non-bank financial institution licensed by the Bank of Ghana. It began as a small finance house and grew to offer a diverse range of financial products, including various savings and current accounts, fixed-term investments, and credit facilities for personal, SME, and corporate clients. The company's mission was to provide customer-focused financial solutions and contribute to Ghana's economic development. However, it faced severe liquidity challenges, leading to the revocation of its operating license by the central bank in 2019.

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Financial Other Service

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Midland Savings and Loans Limited

Ghana

Founded in

1997 (29 Years)

Founded

Last online: No recent activity

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.