The Atwima Kwanwoma Rural Bank has exceeded Bank of Ghana’s minimum capital requirement of GHS1 million by more than 200 percent.

The capital of the bank currently stands at 3.1 million cedis which insulates it from the option of merging with other rural banks before it can stay in business.

Atwima Kwanwoma currently sits at the 32nd position on Ghana's Club100.

The rural bank, which has nine branches currently operating in the Ashanti Region has capital adequacy ratio of 45 percent, above Bank of Ghana's statutory requirement of 10 percent.

Other indices include non-performing loans at 5 percent which falls within the minimum set by the Bank of Ghana.

Board Chairman, Patrick Owusu, assures customers the bank is sound and strong to withstand all liquidation pressures.

"We are glad to inform our stakeholders that, the bank has met all the statutory requirements of the Bank of Ghana, and this includes the minimum capital requirements," he said.

He added, "Our shared capital now stands at 3.1 million Ghana cedis far and above the minimum requirement of the  Bank of Ghana which is set at 1 million Ghana cedis. It means the bank is sound and strong," he told the commissioning of a new branch at Kronum in Kumasi.

Chief Executive Officer, Sarfo Kantanka, attributes the bank's tremendous achievements to what he describes as prudent management, financial discipline, the introduction of innovative banking and risk-absorbing measures. 

"We are using a new software called X-100. With this software, we've introduced Mobicollect. What it does is that all sales executives have been given mobile phone and when they go out and they collect the money, they cue-in the amount the customer has given to that person. Immediately, a text message goes to the customer and then on the manager's pc, it is recorded there. With this new thing, it's been able to reduce fraud," he revealed.

He announced the bank will soon introduce Automated Teller Machines (ATMs) to facilitate easy banking for customers.