NEWS

    A board member of Kwamanman Rural Bank Limited at Kwaman in the Ashanti Region, Mr. Newman Dapaah, has assured the new Managing Director of ARB Apex Bank Limited, Mr. Kojo Mattah, of support for him and his colleague directors to pursue his agenda of transforming rural and community banks as well as the ARB Apex Bank.
    The Fiaseman Rural Bank Limited at Bogoso in the Prestea Huni-Valley district of the Western Region has honoured the bank’s General Manager and four others as they bow out of active service after various years of serving the bank in different capacities.

    THE Sonzele Rural Bank continues to show strong performance as it posted significant profit before tax for the year ending 2016. The bank managed a profit before tax of GH¢770,455.00 representing 19.40 percentage increase over the 2015 figure of GH¢645,263.00.

    The ARB Apex Bank together with the over one hundred and forty rural and community banks across the country held its annual two-day managers conference in Ho, the capital of the Volta region at Volta Serene Hotel from 13th to 14th October, 2017 on the theme “MAKING GREATER IMPACT IN THE RURAL BANKING INDUSTRY THROUGH INNOVATION AND COLLABORATION FOR SUSTAINABLE GROWTH”.
    Until September 1, 2015, when the Ghana Revenue Authority (GRA) announced the new Income Tax Act 2015, (Act 896), the Rural and Community Banks (RCBs) were paying eight percent tax on their annual income, which was increased to 25 percent.
    Pushes up CSR budget by10%.
    AMENFIMAN Rural Bank Limited at wassa Akropong in the wassa Amenfi East District in the western Region is to establish a university college in the Amenfi State with the support of chiefs and other influential personalities.
    Rural and Community Banks (RCBs) have been urged to invest in safe government and Bank of Ghana (BOG) instruments to ensure strong liquid reserves position for effective financial intermediation.
    THE mumuadu Rural Bank has announced a net profit in excess of GH¢1.5 million on its operations, last year-the figure is the highest to be achieved in three decades.
    THE ARB Apex Bank Limited has urged rural and community banks (RCBs) to ensure that they strengthen their internal control and governance system, for efficient operations
    The total assets of the Avenor Rural Bank has increased to GH¢11,311,838 in 2015, rising 29.14 per cent from GH¢8,759,087 in 2014. Its total investments also jumped 50.98 per cent from GH¢2,640,272 to GH¢3,986,226, thus improving its liquidity and reserve requirements, within a general performance outlook described by the ARB Apex Bank as "very impressive".