THE Board of Directors, Management, staff and shareholders of Atwima Kwanwoma Rural Bank at the weekend celebrated its silver jubilee. It used the occasion to donate a well-furnished library to the Pakyi community and its environs.
The gesture of the bank was to inculcate the culture of reading among the youth in its catchment area as a way of making them well-accomplished students ready to support sustainable socio-economic development of the area in future.
The estimated GH¢13,500 42-seating-capacity library, stocked with varieties of books, was inaugurated last Saturday to coincide with the 25th anniversary celebration of the bank.
Apart from the library, the bank also donated GH¢2,000 each to the Kumasi South Hospital, Old Tafo Government Hospital also in Kumasi, and the Seventh Day Adventist (SDA) Hospital at Dominase.
According to the management of the bank, the donation to the various health institutions was to support the beneficiaries with their expansion programmes to enhance the delivery of quality health care to the public.
Earlier on October 18, 2008, the bank donated GH¢2,000 to support the Otumfuo Educational Fund, which was established principally to support brilliant, needy students.
At the ceremony, the Chairman of the Board of Directors of the bank, Rev Paul Frimpong Manso, noted that the commitment of the bank reflected in the overall growth of its major financial indicators.
He said while the bank’s total assets grew from GH¢15,059,799.32 in 2006 to GH¢19,704,524.90 last year, the total deposits also increased from GH¢11,969,771.75 to GH¢15,275,636.35 during the same period.
Rev Frimpong Manso said the bank’s profit increased by 34.7 per cent, explaining that in 2006, the profit was pegged at GH¢627,751,65, but it shot up to GH¢845,681.85 last year.
The board chairman said as part of the efforts of improving efficiency and quality delivery services to its cherished customers, the bank had networked all its branches.
"The aim of the bank is to maximise profit by mobilising savings and granting loans, but we have not lost sight of applying the end results to community development and improving the lives of the rural folks," he noted.
For his part, the Chief Executive of the bank, Mr Godfried Odame Asare, said communities like Kantinkyeren, Dominase, Konkori, Konkomase, Moshe Zongo, Adompon, Tafo Nhyiaso and Santasi had been regularly supported with development projects such as potable water, educational infrastructure, health facilities, electricity and improved sanitation.
He said small and medium enterprises could also have access to capital from the bank through their “Susu” scheme as a way of helping them improve upon their businesses or initiate new ones.
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