The Union Bank at Senya Beraku in the Central Region made a profit before tax of Ghc451.284 in 2012 as against Ghc411.419 in 2011, representing 10 percent increase.

Colonel Abaka K. Jackson (Rtd), Chairman of the Board of Directors, made this known at the 11th Annual General Meeting (AGM) of the bank at Senya Beraku on Saturday.

He said the bank’s total deposits increased from Ghc4,620,633 in 2011 to Ghc6,134,668 in 2012, representing 32 percent increase while its total assets improved from Ghc6,733,341 in 2011 to Ghc8,305,187 in 2012, representing 23 percent increase.

Col. Jackson said the bank granted loans and advances of Ghc4,250,252 in 2011but this increased to Ghc5,160,966 in 2012, an increase of 21 percent.

He said the bank’s investment in Government Treasury Bills also grew by 34 percent from Ghc904,150 in 2011 to Ghc1,214,733 in 2012.

He said the Board had proposed 30 percent of the 2012 profit after tax in the sum of Ghc121,632.30 to be paid as dividends to shareholders for the year ended 31st December 2012.

He appealed to shareholders to buy more shares to increase the bank’s capital.