News

Board Directors of Atwima Kwanwoma Rural Bank commended


Mrs. Comfort Owusu, the Executive Director of the Association of Rural Banks (ARB) has lauded the Board of Directors of the Atwima Kwanwoma Rural Bank for leading the bank to achieve success.

"For the bank to be adjudged the Best Rural Bank of the year 2018, by the Chartered Institute of Marketing Ghana (CIMG), amongst other laurels, was no mean achievement, and the Board must be commended for leading the management and staff to this sterling performance," she said.

Atwima Kwanwoma Rural Bank increases deposit

Atwima Kwanwoma Rural Bank’s total deposit stood at GHC121, 016.757, an increased percentage of 18.83 at the close of the year 2018. Mr. Patrick Owusu, Chairman of the Board of Directors of the Bank, said the Bank’s deposit in the previous year was GHC101, 841. 580.

He was speaking at the 36th annual general meeting of the shareholders of the Bank at Pakyi Number Two in the Amansie West District. He said the investment portfolio grew from GHC92, 487,798 in the year 2017 to GHC106, 091,938 in 2018, representing an increase of 14.71 percent.

Retail deposits now insured

The refund of deposits made by customers with banks and other specialized deposit taking institutions duly licensed by the Bank of Ghana is now guaranteed, albeit up to certain limits. The limits effectively only cover retail sized deposits of up to GHc6,250 for those placed with banks and up to GHc1,250 for those placed with other licensed deposit takers, although these limits will be reviewed every three years.

This follows the commencement of deposit insurance by the Deposit Insurance Protection Corporation (DIPC) effective from October 1. The insurance cover is provided for by the Ghana Deposit Protection Act 2016 (Act 931) and the amended version of that law (Act 968) passed in May 2018.

Atwima Kwanwoma is CIMG Rural Bank of the year 2018

L-R Ms Mercy Asante, Head of Credit, Dr Stephen Sarfo Kantanka, CEO, Kwasi Poku Asamoah Addo, Board Member, Mr Patrick Owusu, Board Chairman and Mr Samuel Bonsu Sekyere, Head of Operations displaying the award and citation after the presentation

Atwima Kwanwoma Rural Bank Limited at Pakyi No 2 in the Amansie West District of Ashanti Region has been adjudged the CIMG Rural Bank of the year 2018 by the Chartered Institute of Marketing, Ghana (CIMG).

CEO picks Gold Award at Excellence Awards

The Chief Executive Officer of Atwima Kwanwoma Rural Bank, Dr. Stephen Sarfo Kantanka, picked up a Gold Award at the 2019 Ashanti Business Leaders Excellence Awards, which was held in commemoration of the 20th anniversary of Otumfuo Osei Tutu II. The award which was presented to Dr. Sarfo Kantanka, is in recognition of his outstanding contribution to the socio economic development of Ashanti Region in the rural banking industry.

Congratulations to our CEO, Dr. Stephen Sarfo Kantanka for achieving such a laudable feat.

CEO OF AKRB WINS GOLD AWARD IN THE RURAL BANKING CATEGORY AT THE MAIDEN GHANA BUSINESS LEADERS' EXCELLENCE AWARDS.

ATWIMA KWANWOMA RURAL BANK PAY DIVIDENDS DESPITE SLUMP IN PROFITS

Shareholders of Atwima Kwanwoma Rural Bank will earn dividend of ten pesewas per share, one pesewa more than last year, despite a 14 per cent slump in profits. The bank’s profit after tax went down from 6, 942, 000 in 2016 to 5, 946 000 in 2017 on the back of 11 profit before tax drop over the same period. But despite the slump, the bank is dispensing a whopping 1 million Ghana cedis as dividends to its shareholders.

KRONUM BRANCH OPENS

The Atwima Kwanwoma Rural Bank Limited has officially opened a new branch at Kronum a suburb of the Kumasi city in the Ashanti Region. The branch aims at providing banking services to the people of communities like Kodie, Dwenease, Afrancho, Buoho and other surrounding communities.

ATWIMA KWANWOMA RURAL BANK AWARDED GOLD

Atwima Kwanwoma Rural Bank Limited was established in 1983 as the 68th Rural Bank to be licensed by the Bank of Ghana to offer banking services to the Rural and Sub-Urban Communities at Pakyi No. 2 in the Amansie-West District of the Ashanti Region.

About Us

Atwima Kwanwoma Rural Bank was established on the 6th of September 1983 as a financial institution empowered by the bank of Ghana to provide financial service and intermediation within a defined operation area of 32km radius from the main office at Pakyi No.2.

Head Office

Telephone: +233-032-229-8900
Mobile: +233-0277-872374
Fax: +233-0277900066
Email: info@akrbank.com
Website: www.akrbank.com