Sefwiman Rural Bank Limited at Bibiani in the Bibiani-Anhwiaso Bekwai Municipality of the Western Region has been adjudged 2017 Ghana Club 100 Leader in the rural bank sector.
Out of the 142 rural banks in the country, 24 made it into the prestigious annual compilation of top-100 companies in Ghana that gives recognition to successful enterprise-building – with Sefwiman Rural Bank picking up the 18th spot and registering it as the first rural bank to appear on the list coming from the top.
This is the third time in series that the bank has received this recognition for its outstanding financial results, exceptional management and leadership, and positive contribution to the prosperity of the people. The bank is highly recognised for being a member of Ghana Club 100 three consecutive times.
The 17th edition of these annual awards organised by the Ghana Investment Promotion Council was celebrated under the patronage of Mr. Ken Ofori-Atta, Finance Minister of the Republic of Ghana, under the theme ‘Technology, Innovation & Entrepreneurship: Opportunities For Growth and Job Creation’.
The event identified and celebrated the best one hundred businesses in Ghana and also awarded the leading companies in each of the strategic sectors; that is the Best company in Agriculture and Agribusiness, Financial Services, Information and Communication Technology, Services, Infrastructure, Petroleum and Mining Services, Manufacturing, Tourism, Health, and Education.
Sefwiman Rural Bank has recorded tremendous growth in all the indicators for the past three years, vigorously penetrating the rural banking market and making very positive financial impact.
The Chairman of the Board of Directors, Dr. Francis Aboagye-Otchere, has said the bank’s customers have exhibited a very high sense of loyalty and played a consistent role its growth, and he thinks they have become indispensable to the bank’s success story.
According to him, such achievements rather challenge them to do more – either to maintain the standard or improve upon operational performance as a justification for the success chalked up for the past three years.
In another development, the Association of Rural Banks-Ghana has recognised Sefwiman Rural Bank as the Second-Best Deposit Mobilisation Rural Bank of the year. The bank received this recognition at the 20th Biannual General Meeting and the Rural Banking Excellence Awards held recently at Bolgatanga in the Upper East Region.
In a brief remark after presentation of the award, the General Manager of the bank, Richard Kwame Adjei, said he was grateful to the board and management as well as the entire staff as he recognises their unique individual role and contributions which saw the bank win these prestigious awards.
He finally dedicated the awards to the bank’s cherished customers and all relevant stakeholders, saying their loyalty with the bank has brought them to this enviable position.
The success story of Sefwiman Rural Bank Limited arises from its multi-faceted approaches to operations, with prime focus on objectivity and also acknowledging the bank’s capacity as a rural bank – thus operating within the boundaries of prudential regulations with emphasis on Strong corporate governance structures, hardworking and dedicated management and staff and operational transparency, which has boosted public confidence and trust in the bank and thereby helped the bank to increase its market share.
Other strategic development approaches include demand-driven products and services that attract high patronage – impacting lives through partnerships for community development, full compliance with relevant laws and statutes regulating the banking industry, as well as cordial relationships with all relevant stakeholders.