Jomoro Rural makes impressive performance

The Jomoro Rural bank Limited at Tikobo Number one in the Western Region made a profit before tax of GHc32,529.00 in 2012 as against GHc5,440.00 in 2011, representing 498 per cent profit.

Paid-up Capital of the bank increased from GHc152,516.00 in 2011 to GHc155,657.00 in 2012.

Dr. Cusmos Cobbold, Chairman of the Board of Director of the bank said this at the 16th Annual General Meeting of the bank at Tikobo No. one at the weekend

He said the bank’s total deposit increased from GHc5,053,352.00 in 2011 to GHc6,755,535.00 in 2012.

According to Dr. Cobbold the total Asset of bank grew from GHc6,042,326.00 in 2011 to GHc7,667,971.00 in 2012.

He said total loan and advance to farmers, transporters, traders and other customers increased from GHc2,478,611.00 in 2011 to GHc3,104,157.00.

The Managing Director of the ARB Apex Bank, Mr Kwaduo Ayi Kusi, in a speech read for him by Mr Michael Nyarku Nyarko, Acting Managing of the ARB Apex Bank Takoradi, congratulated the bank and the Board for their gains in 2012.

The Omanhene of Western Nzema Traditional Area, Awulae Annor Adjaye III, appealed to loan defaulters to pay back to enable others to benefit.

Source: GNA

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