Board Chairman of the Nwabiagya Rural Bank Limited (NRB) Mr. Andrew Amanin Kwarteng
has said, the bank is poised to embrace all financial opportunities to ensure an improved performance in the future.
Acording to him, the financial firm’s inability to recover GHs 3,300,703 in interest from the funds that were locked up with some Fund Managers hugely affected the financial results of the Bank for the year 2021.
But pragmatic efforts have been put in place to provide a robust customer-centric banking solutions.
Presenting his report at 34 Annual General Meeting of Shareholders of Atwima Nwabiagya Rural Bank, he expressed the institution’s readiness to execute a successful recovery of hardcore loans, close monitoring of top management performance and the remaining locked-up funds with Fund Managers.
The move he said will accelerate the smooth growth of the bank.
He assured that NRB continues to record increase performance in all financial arenas “including but not limited to deposits, Assets Low-risk investments”.
The Bank recorded impressive growth trends in key areas of its operations in the 2021 financial fiscal year.
Net Interest increased from Ghs 9,809,122 in 2020 to Ghs 11,178,784 in 2021, representing an increase of 13.96%.
Commission and Fees increased by 2.21% that is Ghs 104,402 from Ghs 4,715,533 in 2020 to Ghs 4,819,935 in 2021.
Total operating income recorded an increase of GH 3,247,826 representing 20.23% from GHs 16,051,597 in 2020 to GHs 19,299,423 in 2021.
Source: Oyerepafmonline.com
