Thursday, September 18, 2008


THE Nwabiagya Rural Bank in the Ashanti Region, spent GH¢15,572, last financial year to undertake a number of development projects in its operational area.
Part of the money was invested in the construction of a 20-seater KVIP public place of convenience at Fufuo, as well as the Barekese Health Centre.
Other establishments and projects that benefited were the Maase Hospital, Offinso Teacher Training College and the Asikam borehole project, among others.
The Board Chairman of the bank, Nana Owusu Sarfo Anwona II, announced this at the 20th annual general meeting of the bank at Barekese.
He said the bank took great interest in fulfilling its social responsibilities to the communities and the people they worked with.
In that regard, Nana Anwona said the bank would pursue all planned development projects and programmes with the seriousness they deserved.
He indicated that a scholarship scheme had been instituted to help brilliant, needy students to pursue their education.
The board chairman said the bank recorded a pre-tax profit of GH¢468,000 as against GH¢307,000 recorded in 2006, while paid-up capital also increased from GH¢117,743 in 2006 to GH¢130,913 in 2007.
He said as a result of the significant achievements recorded, the bank decided to pay dividend totalling GH¢81,680 to its shareholders.
Nana Anwona stated that the bank had been supporting small-scale businesses to develop in the operational areas as a way of improving the incomes of the people.
The Managing Director of the ARB Apex Bank, Mr Osei Bonsu, commended the bank for the giant strides it had made in its operations.
He, however, urged the bank not to be complacent but strive to achieve more in the coming years.
Mr Osei-Bonsu advised the people to cultivate the habit of saving, since there were a lot of benefits in it.

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