THE Asubonten Rural Bank Ltd at Worawora in the Jasikan District in the Volta Region emerged the proud recipient of the Gold Award at the 2nd Ghana Business and Financial Services Excellence Awards held in Accra.
The award was conferred on the bank by the Ministry of Trade and Industry under the Rural Banking Category.
The Excellence Awards has been instituted under the auspices of the Ministry of Trade and Industry to honour enterprises that are deemed to have made outstanding contributions to the development of the nation.
In a citation following the award, Asubonten was commended for various qualities such as exceeding the Bank of Ghana’s (GoB’s) minimum requirements and having met several social responsibilities to the communities in their catchment area.
It noted that the bank was incorporated on November 1, 1996 and started business on June 22, 1998.
At the moment, the citation said the bank had three agencies at Kpando, Hohoe and Dambai, with two mobilisation centres at Ve-Golokuati in the Hohoe Municipality and Katanga in the Krachi East District.
“The bank, which started with a capital of GH¢ 3,000, now has grown to GH¢ 153,365.00, exceeding GoB’s minimum requirement of GH¢ 150,000.00,” it said.
As part of its social responsibilities, “the bank has provided a borehole for Worawora Senior High School, contributed towards construction of a fence for the Worawora Government Hospital, renovated the district headquarters of the Worawora Police Station and donated machetes to various district assemblies in its catchment area during National Farmers Day celebration,” the citation read.
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