Juaben Rural Bank makes GH¢1.8m profit in 2012

The Juaben Rural Bank saw a strong performance last year, making a net profit of GH¢1.8 million.

Mr Kwabena Asante Krobea, the Board Chairman of the bank, said the figure represented 65.8 per cent increase of the previous net profit of GH¢1.1 million.

The bank’s total assets also grew during the period at GH¢32.5 million from GH¢25.5 million, with loans and advances growing sharply from GH¢10.1 million to GH¢16.4 million.

Addressing the bank’s 28th annual general meeting at Juaben in the Ejisu-Juaben Municipality on Monday, Mr Krobra said, it supported the agricultural sector to the tune of GH¢432,734.00.

He said there was also significant increase in customers’ deposits from GH¢25.5 million to GH¢32.5 million.

He said, being a good corporate citizen, the bank was determined to help boost the economies of the rural communities where it had been doing business and lived up to its social responsibility.

Mr Kwabena Agyei-Poku, Chief Executive Officer of the Bank, pledged more support to the agricultural sector to boost productivity.

He said the bank was targeting farmers, who were into poultry, teak plantation, livestock and citrus farming as well as agro-based industries, to expand their activities to boost their incomes and create jobs.

Mr Yaw Sarpong of the ARB Apex Bank commended the board and management of the bank for the good job they were doing.

He underlined the need for rural banks to motivate their staff to attract more qualified personnel.

Good customer care was another area, they should put premium on, he added.

Daasebre Dr Otuo Siriboe II, the Omanhene of Juaben, advised the shareholders to increase their shareholdings to strengthen the bank’s capital base.

He also reminded loan beneficiaries to pay back on time to enable the facility to be extended to others.

Source: GNA