Kwahu Praso Rural Bank to establish more branches


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Kwahu Praso Rural Bank Limited

By
Eunice Tekie Tei, GNA

Kwahu Praso (E/R), Oct.3, GNA- Mr. Eric
Kwarkye Darffour, the Board Chairman of the Kwahu Praso Rural bank has hinted
that the bank would soon open branches in commercial areas to generate more
income.

Speaking during the 22nd Annual General
meeting for stakeholders at Kwahu Praso in the Kwahu South District, he said
the bank was mostly situated in rural communities and

By
Eunice Tekie Tei, GNA

Kwahu Praso (E/R), Oct.3, GNA- Mr. Eric
Kwarkye Darffour, the Board Chairman of the Kwahu Praso Rural bank has hinted
that the bank would soon open branches in commercial areas to generate more
income.

Speaking during the 22nd Annual General
meeting for stakeholders at Kwahu Praso in the Kwahu South District, he said
the bank was mostly situated in rural communities and thereby affecting the
bank’s deposits mobilization.

In view of this, he added that plans were far
advanced to establish more branches at Ejisu, Konongo and Mpraeso to to bring
its services to the doorstep of its clients.

The areas, Mr. Kwarkye Darffour mentioned were
commercial towns and was hopeful that would enable the banks to increase and
enhance their profit level.

Making reference to the bank’s profit in 2017,
he explained that although there was an increase in their profit, it has not
been encouraging and therefore urged the shareholders to purchase more shares
to enable them meet up with the Bank of Ghana’s statutory requirement of GH¢1,000.000.00.

Mr. Kwarkye Darffour indicated that the bank
granted a loan of GH¢11,261,663.60 to customers, out of which GH¢7,330,442.90
was recovered, leaving a gross outstanding loan portfolio of GH¢3,931,220.70.

He therefore urged recalcitrant defaulters to
settle their indebtedness in order to enhance the liquidity situation of the
bank.

GNA


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