ADB unveils new corporate strategy
The Agricultural Development Bank (ADB) PLC has launched a new corporate strategy with a commitment to strengthen agribusiness financing in the country.
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It also aims at accelerating the achievement of its vision to be the people’s bank, harnessing the transformational power of agribusiness for wealth creation.
The new corporate strategy, which was considered and approved by the Board of Directors of the bank, replaces a three-year strategy that expired on December 31, 2022.
It is anchored on the theme: “Going above and beyond the predictable”, and has nine pillars to guide the direction of the bank for the next few years.
It will also enhance the bank’s dominance as the leader in agribusiness financing in the country and at the same time, leverage technology to reposition its retail and digital banking space.
Other key focus areas include financial performance, process improvement to enhance turnaround time, risk management and customer experience.
Commitment
The Managing Director of the bank, Alhaji Alhassan Yakubu-Tali, reiterated the bank’s commitment to agribusiness financing, saying “as the people’s bank that harnesses the transformational power of agribusiness for wealth creation, ADB is taking necessary steps to strengthen its dominance as a leader in agribusiness financing in the country”.
“ADB will continue to remain the leader and dominant in agribusiness financing across the entire agricultural value chain,” he added.
In the area of digital and retail banking, Alhaji Yakubu-Tali said "ADB has rolled out strategies towards improving its digital and retail banking segments in order to enhance convenience and service delivery."
"The bank will also leverage strongly on technology and other channels to extend banking services to non-banked or underserved areas," he added.
According to the managing director, the current happenings on the world stage, such as COVID-19, the Russia-Ukraine war, the slowdown in the global economy, high inflationary pressures, exchange rate challenges and the domestic debt exchange programme by the government, among others, required strategic decisions to make the bank competitive by meeting its performance indicators.
Therefore, he said the new corporate strategy would serve as a blueprint to ensure that the bank grew above and beyond the predictable.
Commendation
Alhaji Yakubu-Tali commended the bank’s cherished customers for their loyalty and continuous trust in the ADB brand, its products and services.
He assured customers and other stakeholders of the bank’s commitment to continually improve its services to serve them better.