Business News of Wednesday, 30 December 2009

Source: GNA

Adansi Rural Bank's deposits mobilization hits GH¢5.5 million

Adansi-Tewobabi (Ash), Dec 30, GNA - The Adansi Rural Bank hopes to record an impressive performance this year, more than the net profit of GH¢268,000.00 posted last financial year. As at October ending, the bank's deposits mobilization had hit GH¢= 5.5 million as against GH¢4.6 million recorded last year with investments a= lso shooting to 2.5 million as against GH¢1.6 million gained last year.

Mr J.K. Ofori-Agyemang, the General Manager of the bank, said this w= hen the bank donated items to the children of the Sympathy Orphanage at Tewob= abi in the Adansi North District. The items included 10 live birds, two bags of rice, five gallons of cooking oil, 50 pilchards, biscuits and GH¢200. He said said the bank's network stood at GH¢1.14 million. So far a=

total of GH¢3.3 million have been granted as loans with the bank's shar= e capital increased to GH¢182,727.