Atwima Kwanwoma Rural Bank makes strides in the face of challenges
The Reverend Dr Emmanuel James Owusu-Bonsu, Chairman of the Board of Directors of the Atwima Kwanwoma Rural Bank has said the bank made a considerable progress in 2022 despite global economic challenges. “We are all witnesses to the fact that the 2022 financial year was a challenging one. Just at the time when we thought we had escaped from the Covid-19 pandemic and its effect on businesses in general, and the banks in particular.
“Yet again we were hit with geo-political conflict between Russia and Ukraine which has put a burden on economies globally, with Ghana feeling it most,” he stated.
Rev. Dr. Owusu-Bonsu said this when he presented his report at the bank’s 40th Annual General Meeting (AGM) held at Pakyi No.2 in the Ashanti Region.
Atwima Kwanwoma Rural Bank launches 40th Anniversary
By Dorothy Frances Ward, GNA
Kumasi, Sept. 7. GNA – The Atwima Kwanwoma Rural Bank (AKRB), a veteran in the rural banking industry, has launched its 40th Anniversary celebration, with a pledge to deepen its impact on society and enhance value creation for its stakeholders.
Management of the bank has also committed to going all length to make good use of the technological advancement available to provide excellent and preferred products and services to bond with its customers.
Atwima Kwanwoma is CIMG Rural Bank of the Year again; 5-time recipient of the award
Atwima Kwanwoma Rural Bank Limited at Pakyi No 2 in the Amansie West district of Ashanti Region has been adjudged CIMG Rural Bank of the Year 2021 by the Chartered Institute of Marketing, Ghana (CIMG).
The bank is a 5-time recipient of this prestigious award and for two consecutive years. Atwima Kwanwoma Rural Bank won the 2013, 2015, 2018, 2019 and 2021 edition.
The 2021 award was on the theme ‘The Creative Marketing and Innovation in a Volatile Global Economy’, and sought to acknowledge individuals and organisations for their excellence and innovations in the field of Marketing.
Atwima Kwanwoma Rural Bank Declares Dividends for Shareholders Following a Two-Year Hiatus
Atwima Kwanwoma Rural Bank has announced a dividend payout of over GH¢ 1.2 million to its shareholders for the fiscal year 2021. This declaration equates to a 16% return on investment, with each share earning a dividend of 8 pesewas. The payment arrives following the end of a directive issued by the Bank of Ghana, which had mandated deposit-taking institutions to suspend dividend payments for two years in light of the COVID-19 pandemic's economic impact.
AKR Bank posts 40 percent profit despite Covid-19 challenges
The Atwima Kwanwoma Rural Bank has posted a 40 percent profit after tax for the 2020 financial year, despite the impact of the covid-19 on businesses. The Bank grew its profit from 3,031, 095 cedis in 2019 to 3,841,061 cedis at the end of the 2020. This represents an increase rate of 26.72 percent. CEO, Dr Sarfo Kantanka says the bank’s strategic plans show a more impressive performance by the end of 2021.
Atwima Kwanwoma Rural Bank inaugurates Bantama branch
Atwima Kwanwoma Rural Bank Limited at Pakyi No 2 in the Ashanti Region has inaugurated its Bantama branch in the heart of the Race Course Market, as part of its branch expansion drive for the foreseeable operational year. The Bantama branch-opening now brings to ten the total number of branches currently being operated by the bank, spread across various communities and towns in the region.
Atwima Kwanwoma Rural Bank Ltd launches Bancassurance
Atwima Kwanwoma Rural Bank Ltd in partnership with StarLife Assurance launched Bancassurance and unveiled four (4) products for the benefit of its customers and the general public. They are HomeCall Plan, the Child Education, the WealthMaster Plans and the Ultimate Protection Plan. Atwima Kwanwoma Rural Bank Ltd and StarLife have been in collaboration since 2020, with the aim of promoting solid life for customers and a strong financial backbone through savings and insurance products.
Atwima Kwanwoma Rural Bank: exhibiting resilience in a pandemic
Atwima Kwanwoma Rural Bank (AKRB), established on 6th September 1983 and located at Pakyi No. 2 off the Kumasi Obuasi road has become a household name in the Rural Banking Industry because of its outstanding performance. Currently, with ten branches and counting, it is described as the best performing rural bank in Ghana. This can be attributed to a host of factors such as operational efficiency, prudent management, selfless and competent staff and good corporate governance among others.
AKRB supports Ghana Police Service
The Ghana Police Service plays a significant role in ensuring that we go about our duties safely without looking over our shoulders. Therefore, we all need to support them in various ways for effective policing duties. To this end, last Saturday Atwima Kwanwoma Rural Bank Ltd donated 2 Office Cabinet, 1 Laptop, and 2 Sets of Office Desk to Ghana Police Service at Pakyi No. 2. We plead with all Ghanaians to volunteer timely information to aid the work of the Ghana Police Service to enable them to fight crime effectively.