Lower Pra Rural Bank marks 30th anniversary
The Lower Pra Rural Bank Limited, formerly known as the Esemaman Rural Bank Limited at Shama in the Western Region, has within its 30 years of operations provided banking services to the Shama, Wassa East, Elembelle, Mpohor districts, the Nzema East and the Tarkwa/Nsuaem municipalities as well as the Sekondi/Takoradi metropolis all in the Western Region.
It has also opened agencies and mobilisation centres to bring services to the people of Aboadze, Daboase, Kojokrom, Essikadu, Kokompe, Effiakuma, Kwesimintsim, Anaji, Mpohor, Axim, Nkroful, Tarkwa and the Takoradi Polytechnic.
The bank has mobilisation centres at Inchaban, Assorko/Essaman.
The bank’s role in the development of the Western Region cannot be over emphasised.
The bank offers a variety of customer deposit accounts, notably savings account, current account, call account, fixed deposit, negotiable certificate of deposit, epo nworaba, kese wo kan, bonus savings, ebusua mfre yie and gyedzi.
The bank has been selected for the Ghana Club 100 every year from 2002 to 2011.
The bank was ranked third in the country in the area of corporate social responsibility by the then Ghana Investment Promotion Council in 2005.
It has provided a community library for Shama and its environs to encourage learning and reading among the youth.
The bank has also established a scholarship scheme for children and wards of shareholders as well as other children in the bank’s catchment areas.
The scheme covers students in the tertiary institutions, senior high and vocational schools.
A total of 260 students have benefited from the scholarship scheme, while a total amount of GH¢88,250 has been disbursed since its inception.
The sponsorship package for students in the tertiary institutions is GH¢1,000 and GH¢500 for senior high and vocational schools in every academic year.
The Chairman of the Board of Directors of the Lower Pra Rural Bank Limited, Mr Nathaniel Arthur, said the influx of many banks within the bank’s catchment areas posed a greater challenge to management and the bank in general.
However, he assured the shareholders that management had strategically repositioned itself to compete favourably in the banking industry.
Mr Arthur said the bank’s planning efforts were yielding the desired results as depicted by the 2012 financial statement.
“As we celebrate our 30th anniversary, I wish to take this opportunity to commend the board, management, staff, shareholders and other stakeholders for their contribution towards the growth of the bank.
By Kwame Asiedu Marfo/Daily Graphic/Ghana