Our humble journey began with overcoming adversity. The initial years of operation, starting from 1984, were marked by financial challenges with a net loss of ¢355,000 recorded in the first year, followed by ¢846,668 in 1985 and ¢777,277 in 1986. Determined to persevere, the bank sought innovative and alternative solutions to sustain its operations.
In 1986, the first major breakthrough came with the establishment of our inaugural agency at Santasi. It signaled a turning point, and by 1987 we recorded a profit of ¢152,963.00. This successful venture propelled the Board to expand further, leading to the opening of our second agency at Old Tafo in 1988.
The pioneering directors of our bank were:
Nana Okyere Taa Amoantwi II (Deceased)
Mr. James Asomaning
Mr. Adi Darko
Opanin Kwabena Adu (Deceased)
Mr. Yaw Bio
Mr. K. K. Mensah (Deceased)
Genesis of Our Bank
The bank owes its inception to Nana Gyamfi Sakyi II, Chief of Pakyi No. 2, Nana Okyere Taa Amoantwi II, and the elders of Pakyi No. 2. Spearheaded by Nana Gyamfi Sakyi II, the establishment of the bank was initiated and he was subsequently elected as the patron. The first Board Chairman, Nana Okyere Taa Amoantwi II, shouldered the responsibility of setting up the board and navigating initial challenges until his demise in 1993, after a decade of dedicated service.
Our Journey of Growth
Operations commenced on 6th September, 1983, backed by an initial capital of GH¢53.83, contributed by the local community of Pakyi, alongside GH¢12.50 in preference shares contributed by the Bank of Ghana. Despite a low customer base due to limited business opportunities in Pakyi, our tenacious Board of Directors took a bold step in 1986 by establishing our first agency in Santasi.
Our first profit recorded in 1987 acted as a catalyst, leading to the expansion of our network with the opening of the Old-Tafo agency in 1988. The growth trajectory continued, resulting in the inauguration of branches at New-Tafo in 1992, Ayigya in 2002, Atonsu-Agogo in 2007 (also known as the Jubilee Branch, in line with the nation's Golden Jubilee celebration), Alabar in 2012, Sokoban in 2016, Kronum in 2018, and finally Bantama in 2020. The completion of our Head Office Complex in 2002 allowed for the creation of new departments, further enhancing our services and capabilities.