The Bonzali Rural Bank Limited (BRB) has managed to carry out its strategies extremely well to uphold its financial performance and stay afloat, despite the daunting challenges in the financial sector posed by the Corona Virus pandemic.
The bank as at December, 31 2020, recorded a significant growth of 30.70 per cent with over 35 million cedis as compared to a marginal growth of 31.14 per cent in 2019 with about 27 million cedis. The Board Chairman of the Bank, Naa Bapre Tug-Lana Mahama Andani who announced this at the 12th Annual General Meeting of the bank said the growth in deposit was due to good deposit mobilization strategies the bank implemented during the year under review.
Naa Bapre Tugu-Lana indicated that liquidity position of the bank remained stable during the period under review adding it was able to consistently meet both the primary and secondary reserve ratios required by the Bank of Ghana.
Naa Mahama Andani further disclosed that Bonzali Rural Bank is in collaboration with some international and local organizations that seek to improve access to financial and technical support to households and Micro, Small and Medium Enterprises for the provision of water, sanitation and hygiene in the region.
Naa Yab Kumbun-Naa Yiri II who is the life Patron of the Bonzali Rural Bank commended the Board, Management and staff of the bank for their selfless dedication that ensured the bank keeps growing from strength to strength.
By: Mohammed Saani Lukman/zaanews/Ghana
