NEWS

    In the face of challenges emerging out of the recent increase in Corporate Income Tax for rural and community banks (RCBs), the ARB Apex Bank has asked government to consider reducing the tax while ensuring RCBs use those monies for community development.

    The Chief Exective Officer (CEO) of JCS Investments Limited, Patricia Safo, is urging the government to collaborate with relevant entities to develop a blue print to strengthen rural and community banks.

    Rural and community banks have a key role in making a positive contribution towards the reduction of poverty. They also act as one of the key channels to distribute funds to businesses in their localities and encourage the spread of sound entrepreneurial activity.

    The Paramount Chief of Wassa Amenfi Traditional Area in the Western Region, Tetrete Okuamoah Sekyim II, has charged the Government to channel the District Assemblies Common Fund (DACF) through the Rural and Community Banks (RCBs).

    ARB Apex Bank says it is diversifying its income streams to increase profits and improve value for shareholders. The bank recovered from a 2016 loss of GHS13.6 million to record profit after tax of GHS4.4 million Ghana in 2017.
    Directors, shareholders and managers of rural and community banks (RCBs) in the country have been advised to adhere to prudential regulations of the Bank of Ghana (BoG) and the ARB Apex Bank to pre-empt regulatory sanctions.
    "Time with the Managing Director" - The event, organised by the Bank’s local Union of Industry, Commerce and Finance Workers (UNICOF) of Ghana Trade Union Congress, was held under the theme: "ARB Apex Now and the ARB Apex in the Future". It was held as an interactive programme for the staff of the Bank to interact with the MD, who has been in office for barely eight months now, to share in his vision and deliberate on ways to return the Bank to profitability by the end of his term of office.
    The ARB Apex Bank Limited is strategically repositioning itself to help recapitalise rural and community banks so they could partner with government to implement some of its social flagship programmes.

    OWNERSHIP STRUCTURE AND GOVERNANCE OF RURAL AND COMMUNITY BANKS (RCBs)

    The Management of the ARB Apex Bank Limited wishes to inform the general public that per the Bank of Ghana Notice No. BG/GOV/SEC/2008/20, the ownership structure and governance of the Rural and Community Banks (RCBs) are as follows; 

    The ARB Apex Bank is the first local bank to issue a domestic card which employs Europay MasterCard Visa (EMV) standards with CHIP and PIN for transactions to facilitate payments on the Gh-Link platform, the Chief Executive Officer of GhIPSS  Achie Hesse  has stated.
    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.