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The Chief Executive  Officer of the bank
The Chief Executive Officer of the bank

Manya Krobo Rural Bank holds 36th Annual General Meeting

 

The Manya Krobo Rural Bank Limited made a profit after tax of GH¢ 2,083,213 in 2016 as compared to GH¢ 2,060,744 in 2015, representing an increase of 1.09 per cent.
Total assets of the bank rose from GH¢ 38,345,770 in 2015 to GH¢ 53,617,368 in 2016, representing 39.83 per cent increase, while the shareholders fund also rose from GH¢8, 343,190 to GH¢6,764,934 within the same period.

The Chairman of the Board of Directors of the bank, Mr Benjamin Tetteh Apo, announced this at the 36th Annual General Meeting of the bank held at Krobo Odumase in the Lower Manya Krobo Municipality in the Eastern Region.

Mr Apo indicated that even though the bank was faced with so many challenges, including the depreciation of the cedi, high inflation, power outages coupled with competition from telecommunication companies operating mobile money services, the bank was able to make profit.

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