Amenfiman Rural Bank Limited has opened a branch at Kejetia in Kumasi.
Headquartered at Wassa Akropong in the Wassa Amenfi East District in the Western Region, it is one of the two rural banks licensed by the Bank of Ghana to open branches outside its home region.
The Kejetia branch becomes the fourth in the Kumasi Metropolis after Santasi, Abrepo Junction, and Suame, which makes it eighteen branches being operated across the country.
These are Wassa Akropong, Wassa Akropong High Street, Manso Amenfi, Asankragwa, Samraboi, Asankragwa main (Nkoso Fie), Dunkwa on Offin, Prestea and Bawdie.
The rest are Enchi, Tamso, Santasi in Kumasi, Sefwi Dwenase (Adepa Fie), Tarkwa, Abrepo also in Kumasi, Sefwi Bekwai and Suame, and the newly inaugurated Kejetia branch.
In an interview during the launch of the Kejetia branch, CEO, Dr Alex Asmah reiterated that entering into a typically petty trading enclave like Kejetia means they have come to do what the bank is very well-noted for.
Records show that Amenfiman Rural Bank has succeeded in nurturing small businesses to become more viable and helped those businesses to make a very significant impact.
Dr Asmah emphasized the bank has given credit support to petty traders and small business owners.
It has also educated them to ensure that they can maximize profits so that can realize the anticipated profit and pay back the loans.
“We have the expertise in managing small businesses and petty trading and that has been our primary focus as a rural bank; opening a branch at Kejetia means we have come to the people who really need our support and we are poised to make a very significant impact here at Kejetia, he stressed.
Dr Asmah stressed that the rural banking industry has a purpose for which they were established and Amenfiman Rural Bank would not move away from its core objectives of ensuring that the communities in which the Bank operates see the kind of development they desire to have.
According to him, the bank will not relent in its efforts to remain innovative in its products development agenda which will be tailor-made so that it will continue to be relevant particularly to the community in which they operate.
Chairman of the Board of Directors, Dr Tony Aubynn mentioned that making enough profit and paying a good dividend to shareholders are not only the primary focus of the bank, but they are also very committed to their corporate social responsibility activities.
He advised customers at the Kejetia branch to have the confidence to do business with the bank because the bank has a very solid financial standing.
The Bank recorded a little over GH¢6million as the bank’s total share capital as at close of December 2019.
The amount which far exceeds Bank of Ghana’s minimum threshold and is about 500 per cent more than the minimum GH¢ 1million mandated for all rural banks to achieve in 2020.
The Bank has recorded consistent growth in its stated capital since 2016 and has devised a strategy to realize GH¢10million in four years.