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(BAREKESE) ATWIMA NWABIAGYA:
Rural Banks’ deposits increase


Rural and Community banks in the country continue to record impressive performances in assets and capital mobilization.    

The banks loans and overdrafts also continue to increase, making them the leading players in micro, medium and small enterprise financing in the country.    

Mr Franklin Belnye Deputy Head, Banking Supervision of the Bank of Ghana, who made this known, said total assets of rural banks as at
December 2009 stood at GH¢623.48 million.    

Loans and overdrafts also stood at GH¢262.58 million whiles deposits amounted to GH¢455.58 million.

He was speaking at the 22nd Annual General Meeting (AGM) of shareholders of the Nwabiagya Rural Bank Limited at Barekese in the Ashanti region on Friday.

He said the bulwark of any good bank was its capital and that the stronger the base the better and therefore, asked the banks to increase their capital further, by transferring part of their income surplus to the paid up capital.

Mr Belnye noted that most of the rural banks remain under- capitalized and weak, which was hampering their capacity for effective financial intermediation, adding that, such could not continue forever and asked them to explore the possibilities of mergers with strong banks or risk being liquidated.

 

PF

 [2010-09-06 13:03:24]


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Office block to facilitate education
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Teachers’ role, crucial in New Education Policy
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Residents advised not to sell bulbs
  [2007-11-22 03:47:16]
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  [2007-11-08 11:02:44]
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  [2007-10-31 08:47:06]
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  [2007-10-30 03:04:12]
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More gain skills in soap making
  [2007-10-22 19:11:56]
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DMHIS to improve operations
  [2007-10-22 03:41:42]
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  [2007-10-20 07:07:59]
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School blocks for district
  [2007-10-16 03:29:55]
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Snake disrupts seminar
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More education on TB
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Durbar for chiefs and people
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Two hundred boreholes for communities
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My First day at school
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 •NKAWIE : GNAPS Appeals for Help  [2007-03-11 13:20:29]
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 •NKAWIE (ATWIMA) : Rekindle Self-Help Spirit - DCE  [2007-02-02 03:43:29]
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 •Atwima: Socio-Economic Growth Programme for Atwima-Mponua District  [2006-09-25 05:21:55]
 •Nkawie: Atwima-Nwabiagya District Gives Schools ?140m  [2006-09-07 06:59:51]
 •Nkawie: Ensure Transparency in Capitation Grant Management  [2006-09-04 06:51:41]
 •Barekese: Bank Assists Barekese SSS  [2006-08-25 06:14:13]
 •Nkawie: Atwima-Nwabiagya DISEC Frowns at Drivers  [2006-08-22 05:59:36]
 •Support Women in Local Governance - Assembly Aspirant  [2006-08-21 05:03:22]
 •Atwima-Nwabiagya Holds Health Performance Meeting  [2006-08-15 06:03:38]
 •Six Communities Benefit From Town Four Projects  [2006-08-15 06:02:41]
 •Atwima-Nwabiagya to Close Down JSS  [2006-08-02 06:22:24]
 •Atwima-Nwabiagya Teachers Building Abandoned  [2006-06-23 05:25:24]
 •Atwima-Nwabiagya Teachers in a Kind Gesture  [2006-06-19 05:35:11]
 •Atwima-Agogo Citizens Appeal For Road Rehabilitation  [2006-06-15 04:05:03]
 •Atwima Assembly Provides Teachers’ Quarters  [2006-06-08 05:03:21]
 •Atwima-Nwabiagya MP Expresses Condolence To Bereaved Families  [2006-05-17 14:59:59]
 •NADMO Supplies 50,000 Tree Seedlings to Schools  [2006-01-12 00:00:00]


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