{"id":472231,"date":"2011-08-05T12:14:28","date_gmt":"2011-08-05T12:14:28","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/08\/05\/rural-banks-urged-to-strengthen-credit-management-systems\/"},"modified":"2011-08-05T12:14:28","modified_gmt":"2011-08-05T12:14:28","slug":"rural-banks-urged-to-strengthen-credit-management-systems","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/08\/05\/rural-banks-urged-to-strengthen-credit-management-systems\/","title":{"rendered":"Rural banks urged to strengthen credit management systems"},"content":{"rendered":"
\n

You Are Here: Home<\/a> \u00bb General News<\/a> \u00bb Rural banks urged to strengthen credit management systems<\/p>\n

\n

Page last updated at Friday, August 5, 2011 12:12 PM \/\/ <\/span><\/div>\n

\"\"<\/a>Rural and Community Banks (RCB) have been urged to review their risk aversion position and strengthen credit management systems to help them channel more funds into loans and advances.<\/p>\n

Mr Eric Osei-Bonsu, Managing Director of the ARB Apex-Bank, said this would give them higher returns than investing in treasury bills.<\/p>\n

He, however, encouraged borrowers to pay back loans granted them by the banks.<\/p>\n

Mr Osei-Bonsu said this in an address, read for him at the 21st
annual general meeting of the Bosomtwe Rural Bank at Kuntanase.<\/p>\n

He asked the banks to adopt pragmatic and realistic programmes, including the development and deepening of microfinance business to
sustain their operations.<\/p>\n

They should also focus on effective risk management, customer
service and staff training.<\/p>\n

\u201cYou must endeavour to build a good corporate image for yourselves to ensure the loyalty of your customers and patronage of our products\u201d, he added.<\/p>\n

The Managing Director announced that the computerization of the RCB\u2019s, under the Millennium Challenge Account (MCA), which took off in year 2009 and ends next year, would roll out into a central database system to be hosted at the Apex Bank Head Office through a Wide Area Network (WAN).<\/p>\n

He said the Apexlink Money Transfer \u2013 a domestic transfer of funds through the RCBs and ARB Apex Bank branches, would be migrated
onto an ICT platform by the end of this month.<\/p>\n

This would improve service delivery, increase customer satisfaction and for that matter, patronage of the product.<\/p>\n

Mr Osei-Bonsu said the Apex Bank would soon establish a unit to manage share issues for the rural banks, including payment of dividends and other related services.<\/p>\n

Source: GNA<\/p>\n

Comments<\/h4>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb General News \u00bb Rural banks urged to strengthen credit management systems Page last updated at Friday, August 5, 2011 12:12 PM \/\/ Rural and Community Banks (RCB) have been urged to review their risk aversion position and strengthen credit management systems to help them channel more funds into loans and advances. Mr Eric Osei-Bonsu, Managing Director of the ARB Apex-Bank, said this would give them higher returns than investing in treasury bills. He, however, encouraged borrowers to pay back loans granted them by the banks. Mr Osei-Bonsu said this in an address, read for him at the 21st annual general meeting of the Bosomtwe Rural Bank at Kuntanase. He asked the banks to adopt pragmatic and realistic programmes, including the development and deepening of microfinance business to sustain their operations. They should also focus on effective risk management, customer service and staff training. \u201cYou must endeavour to build a good corporate image for yourselves to ensure the loyalty of your customers and patronage of our products\u201d, he added. The Managing Director announced that the computerization of the RCB\u2019s, under the Millennium Challenge Account (MCA), which took off in year 2009 and ends next year, would roll out into a central database system to be hosted at the Apex Bank Head Office through a Wide Area Network (WAN). He said the Apexlink Money Transfer \u2013 a domestic transfer of funds through the RCBs and ARB Apex Bank branches, would be migrated onto an ICT platform by the end of this month. This would improve service delivery, increase customer satisfaction and for that matter, patronage of the product. Mr Osei-Bonsu said the Apex Bank would soon establish a unit to manage share issues for the rural banks, including payment of dividends and other related services. Source: GNA Comments <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472231","post","type-post","status-publish","format-standard"],"yoast_head":"\nRural banks urged to strengthen credit management systems - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/08\/05\/rural-banks-urged-to-strengthen-credit-management-systems\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Rural banks urged to strengthen credit management systems - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb General News \u00bb Rural banks urged to strengthen credit management systems Page last updated at Friday, August 5, 2011 12:12 PM \/\/ Rural and Community Banks (RCB) have been urged to review their risk aversion position and strengthen credit management systems to help them channel more funds into loans and advances. Mr Eric Osei-Bonsu, Managing Director of the ARB Apex-Bank, said this would give them higher returns than investing in treasury bills. He, however, encouraged borrowers to pay back loans granted them by the banks. Mr Osei-Bonsu said this in an address, read for him at the 21st annual general meeting of the Bosomtwe Rural Bank at Kuntanase. He asked the banks to adopt pragmatic and realistic programmes, including the development and deepening of microfinance business to sustain their operations. They should also focus on effective risk management, customer service and staff training. \u201cYou must endeavour to build a good corporate image for yourselves to ensure the loyalty of your customers and patronage of our products\u201d, he added. The Managing Director announced that the computerization of the RCB\u2019s, under the Millennium Challenge Account (MCA), which took off in year 2009 and ends next year, would roll out into a central database system to be hosted at the Apex Bank Head Office through a Wide Area Network (WAN). He said the Apexlink Money Transfer \u2013 a domestic transfer of funds through the RCBs and ARB Apex Bank branches, would be migrated onto an ICT platform by the end of this month. This would improve service delivery, increase customer satisfaction and for that matter, patronage of the product. Mr Osei-Bonsu said the Apex Bank would soon establish a unit to manage share issues for the rural banks, including payment of dividends and other related services. 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