Juaben Rural Bank Limited at Juaben in the Ejisu-Juaben Municipality of the Ashanti Region has recorded a very impressive operational performance in the year 2012.

This enviable performance of the bank was evident in an annual operating profit before tax of GH?1,988,436, compared to GH?1,212,044.57 realised in 2011, representing a significant growth of 64.1%.

The bank, with this remarkable feat, maintained its accolade of being amongst the best and most efficient rural banks in the country.

The bank was ranked second and fourth respectively in the Ashanti Region and the national rankings in terms of profitability. In addition, it kept its position in the area of cost to income ratio, where it recorded 70%, and was among the most efficient banks.

Junaben Rural Bank also received a prestigious award at the 2012 Annual Achievers Awards, organised under the auspices of the West African Regional Magazine, for being ?the most profitable rural financial institution in the Ashanti Region.?

These outstanding accomplishments were as a result of pragmatic policies and prudent management of the nank?s resources, according to Kwabena Asante Krobea, Board Chairman, who was speaking at the 28th annual general meeting of shareholders at Juaben.

Commenting on the outlook for this year, he indicated that the bank will continue its strategy of sustaining growth with lower risks as management has put in place policies, standards and strong internal controls for monitoring risk and efficient management.

The ninth branch of the bank at Atimatim will be opened soon. In view of the performance of the bank, the Board of Directors proposed a dividend of GH?0.50 per share, amounting to a total pay-out of GH?494,615.20, which represents 27% of the declared profit.

By Kizito CUDJOE, Juaben


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