- Nyinahin-Ashanti
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- Postal Box 56,Nyinahin Ashanti, Nyinahin, Ghana
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Amanano Rural Bank
Turned Losses To Gains at Amanano Rural Bank
– Board Chair
Amanano Rural Bank
– Board Chair
Compared to the trajectory of a loss of GHC1,941,434.00 recorded in 2021, this is a significant improvement.On Friday, November 17, 2023, at its 35th Annual General Meeting of Shareholders in Nyinahin, this news was made.In her speech to the shareholders, Oheneyere Augustina Asare Osei, the chairperson of the Amanano Rural Bank’s board of directors, shared further encouraging news from her report: as of October 31, 2023, the bank had made a gross profit of GHC4.4M.
Due to the bank’s strict application of corporate governance and strategic management procedures, these profits both signal a new chapter in the bank’s history and demonstrate its operational stability. The bank’s enhanced liquidity position is further evidenced by the exceptional performance, as seen by the declared earnings.As a reasonable result of the positive news for the bank’s investors, Oheneyere Asare Osei anticipated that in 2025 the bank would be able to pay dividends to its owners for the first time in a long time.
She linked the Board’s strategic direction to the bank’s outstanding accomplishments and optimistic future.She said that the Board has placed a strong emphasis on commitment from the bank’s management and employees, as well as on being frugal with money and managing depositors’ funds.
To boost the value of the bank’s shares and allow for dividend payments, the Board of Directors urged shareholders to purchase additional shares during the AGM.
Dear Mr. Noble The CEO of the Amanano Rural Bank, Christian Osei-Bonsu, assured shareholders that the management would work diligently to improve the bank’s indicators after being impressed with the institution’s performance.exceptional performance, as seen by the declared earnings.
The fact that the current Board of Directors began its tenure in February 2022 is noteworthy. Professor Kwaku Dwumor Kessey (Vice Chairman), Mr. Ignatius Kwame Otoo, Mr. George Fuseini, Esq., and Mr. Raymond Ofosu-Atoubi are the other members of the board.Dignitaries in attendance included Vice Chairman of the Ashanti Chapter of the Association of Rural Banks, Mr. Kofi Owusu, Ashanti Regional Director, ARB APEX Bank, Nana Amanpene Boateng Twum II, Nyinahinhene, and representatives of sister rural banks.
Amano Rural Bank
Amanano Rural Bank Limited was established in order to aid Farmers, small, and medium-scale businesses and petty traders to grow, and also to inculcate the habit of savings into the Rural Folks which was incorporated on 29th March 1982.
Work Hours
- 8 AM - 5 PM , Monday - Friday
All Amanano RB branches adhere to this schedule.