The ARB Apex Bank which has oversight responsibility of rural banks under the supervision of central bank has urged Rural bank in the country to ensure consistent management of their resources to achieve sustainable growth.
The internal control department of Apex Bank's report on the performance of rural banks rated the Bonzali as satisfactory which earn it as the best rural bank in 2014.
Bonzali achievement Apex bank said has helped to raise high image of rural banks in Ghana.
It has therefore entreated Bonzali to come out with innovative products and improve customer services delivery to remain competitive in the stiff competition industry whilst providing a suitable return to all stakeholders.
Apex bank has also advised Bonzali to take advantage of the changing trends in the economy with the view of changing their business processes.
Addressing the 9th Annual General Meeting of Bonzali rural bank in Kumbungu, the Managing of Director ARB Apex Bank, Mr Kwadwo A. Kusi charged Bonzali to strengthen the credit department to cope with the increasing demand for funds.
Mr Kwawdo Kusi whose speech was read for him by the Tamale branch manager of ARB Apex bank Manager James Kwasi Arko advise Bonzali loan monitory and recovery department to be innovative to meet the challenges ahead.
Given the financial performance of the bank, it's board chairman Alhaji Abdulai Mahadi said the bank has made steady progress towards achieving its 2019 strategic objectives.
According to him, it recorded a gross earnings of over six million Ghana cedis to end the year representing 33.14% over the previous year.
Alhaji Mahadi reiterated Bonzali's commitment to credit delivery adding the bank has witness significant improvement in credit disbursement amounting to over thirty four million Ghana cedis.
General Manager of the bank, Paul Atsu Fiawoo announced that plans are far advance to extend their services to three new areas in the region. The areas include, Nyakpala township, Aboabu market in Tamale and Saboba district. The extension Mr Atsu said forms part of the bank's three year expansion drive program which targets areas where banking services are needed most.
Categories:
