Monday, September 15, 2008


By Kwame Asare Boadu, Pakyi No 2

THE Atwima Kwanwoma Rural Bank has held a press launch of activities marking the its 25th anniversary at Pakyi No 2 in the Amansie West District of the Ashanti Region.
The celebration is on the theme, Celebrating 25 years of excellence in rural banking: Challenges in providing sustainable micro credit.
Activities lined up for the celebration include a radio quiz competition for Junior High School (JHS) pupils, inter-branch fun games, donation to the Otumfuo Education Fund, float through the principal streets of Kumasi and the anniversary’s annual general meeting.
Addressing the launch ceremony last Friday, the Chief Executive Officer (CEO) of the bank, Mr Godfried Odame Asare, observed that 25 years of the bank had witnessed great improvement in their operations.
He said total deposits of the bank currently stood at GH¢16,436,369.44 with a customer base of 108,713.
Mr Asare said the bank had also granted loans, totalling GH¢13,596,981 to its customers and mentioned that the bank had developed appropriate products, in the form of susu loans, group loans, institutional loans, among others, which were targeted at micro and macro enterprises.
The CEO said the bank maintained a large budget for community development.
He mentioned one significant development project undertaken by the bank as the model senior high school it was constructing at Pakyi on which the bank had spent about GH¢90,000 so far.
Mr Asare further disclosed that the bank had instituted a scholarship scheme to assist brilliant but needy students in its catchment area.
A Board Member of the bank, Mr Joe Appiah, appealed to the media to partner the bank for effective rural development.
He said rural banking was one of the best things to happen to the country and therefore called on the people to do business with the banks.

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