#1 Expert in Unit Banking in Ghana
Our Bank was incorporated in Ghana in November 1981 and authorized to carry on the business of banking under the Banking Act 1970 (Act 339) on 9th December, 1982 with a share capital of Seven hundred and fifty Ghana Cedis (GHS 750.00) raised by 860 Shareholders. In support, the Bank of Ghana contributed additional One hundred and twenty five Ghana Cedis (GHS 125.00) in the form of non-voting redeemable preferences shares. The Bank has since inception achieved unprecedented growth.
Bosomtwe Rural Bank Limited at Kuntanase in the Bosomtwe District of Ashanti Region has recorded an impressive growth in all financial indicators in the 2022 year under review. The Bank recorded profit before tax of approximately GH¢2.5 million in the 2022 year under review as against approximately GH¢2million in the previous year representing a satisfactory growth of 19.4% with deposits increasing by 23.94% from about GH¢122million in 2021 to a little over GH¢ 151million in 2022. The impressive growth in deposit of the year under review represents the confidence the general public and customers have in the Bank as well as the hardworking staff in deposit mobilization and inculcating effective culture of saving(s) in the people within the Bank’s operational territories. The Bank’s stated capital grew from approximately GH¢3.9million as at 31st December, 2021 to a little over GH¢3.92million in December 2022, representing a marginal growth of 0.65% which far exceeds the minimum threshold of GH¢1million by over 250% required by all rural banks in Ghana. In view of the marginal growth of the Bank’s share capital coupled with the Board’s resolution to impair some locked-up funds which will consequently have a negative effect on the capital adequacy of the bank, there was a proposition to pass a resolution for a “Rights Issue”. The objective of this resolution was to at least boosts the Bank’s share capital up by thirty percent (30%).
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Excellent customer service and satisfaction are our prime concern. Our most valued assets are our customers.
Building a positive identity and image is of prime importance. We aspire to take banking to the doorsteps of our customers.
We employ responsiveness, pro-activeness, transparency, trustworthiness and total commitment in our service delivery.
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