THE Worawora Asubonten Rural Bank Limited in the Jasikan District in the Volta Region has attained a position as the best managed rural/community bank in the country.
This position was bestowed on the Bank by the ARB Apex Bank Limited, the controlling body of the rural banks, and was announced by Abusuapanin Wilson Seth Antwi, Chairman of the Board of Directors, at the 8th Annual General Meeting of the bank at Worawora over the weekend
He said by dint of hard work and sacrifice their bank had been able to stand tall out of the 124 rural/community Banks under the ARB Apex Bank.
Abusuapanin Antwi noted that the bank had recorded a net profit of GH¢108,077 as at December 31, 2008 as compared to that of GH¢73,769 as at the end of 2007.
“This is a remarkable achievement of 47 per cent over that of 2007 in a year of stiff competition and falling interest rates, he said.”
The chairman informed the shareholders that their bank was among the few rural banks that had been able to increase their stated capital to the minimum of GH¢ 150,000 required by the Bank of Ghana.
“Your bank’s stated capital is now GH¢151,913 as compared to GH¢50,863 in 2007,” he announced. And after 10 years of operations, the bank “has decided to reward our loyal shareholders with GH¢ 0.41 per share as at the end of last year,” he added.
The Supervising Manager of the bank, Mr Joshua Odoom, expressed his gratitude to the bank’s customers and staff for their contribution to the attainment of such enviable position.
He, therefore, appealed to the bank’s customers to buy more shares even though the bank had reached where it was.
Mr Odoom commended the women at their Dambia, Kpando and Hohoe agencies for patronising their micro-finance scheme, adding that the quicker they paid back the more they would benefit.
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