The Association of Rural Banks has declared the Asubonten Rural Bank at Worawora in the Jasikan District of the Volta Region the best rural bank in the country for the first quarter out of the 122 rural banks country-wide.
The Supervising Manager of the bank, Mr Joshua Odoom, said the bank was among the 122 rural banks that were adjudged.
The Volta Region has 11 rural banks.
According to him, during the last quarter of last year Asubonten placed fourth, while in September that same year it placed second.
Mr Odoom said the Monitoring Unit of the ARB Bank took into account the balance sheet and profit and loss statements of all the rural banks.
The manager said the bank wanted to deepen its micro-finance operations and enhance its deposit mobilisation and clientele base.
He said presently 660 women in the Kpando, Hohoe and Krachi-East districts had benefited from a GH¢320,900.00 facility to improve on their farms and start new businesses this year.
“The challenges are immense but there is reason for optimism. Already, there are encouraging developments towards improving the trading environment for the private sector,” he said.
He said at the moment the bank had lines with the Western Union Money Transfer at its Hohoe and Worawora branches and was yet to have similar facility at the other branches at Kpando and Dambai.
But he cautioned, “When you take loans from the bank, you must pay them back for others also to benefit.”
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