Odotobri Rural Bank Limited with its head office at Jacobu in the Amansie Central District of Ashanti Region has inaugurated its Santasi branch in Kumasi and commenced business.
The official opening of the Santasi branch comes to twelve, the number of branches currently being operated by the bank.
The branches are, Obuasi, Asawasi, Krofrom, Agric Nzema, Bekwai and Maakro. The rest are Jacobu, Roman Hill, Old Tafo, Ayigya, Bantama and the newly inaugurated Santasi branch.
The new branch office which is strategically located at the heart of the popular Santasi roundabout in the Kumasi metropolis is targeting to serve the small businesses at the enclave that is made up of commercial drivers, chop bar operators, auto mechanics, car dealers, spare parts dealers, other itinerant petty traders among others.
In an address, the chairman of the Board of Directors, Bernard Asamoah Boateng recounted what necessitated the siting of a branch at the Santasi Roundabout.
According to him, the bank has a lot of their customers scattered around Santasi and its adjourning communities hence the need for the board to decide to site a branch at the roundabout. “ With the customers’ loyalty with bank, they could not trust any bank to offer the kind of service they offered customers whose businesses are located at the area and so their request to open a branch purposely to give them the services they require became very necessary,” he stressed.
Mr Asamoah Boateng further stressed that customers should continue to have confidence in the bank because it has a very solid financial backbone and has even exceeded the regulator’s minimum share capital by 200%. This makes the bank stands so ready if the Bank of Ghana decides today to even increase it 100%.
Another reason customers and prospective once must open up to do business with the bank is that the board is committed to formulating human centred policies and has the interest of all major stakeholders at heart, with good management as well as committed staff.
The Kumasi Branch Manager of ARB Apex Bank George Annor who spoke on behalf of Kojo Mattah, the Managing Director of ARB Apex Bank lauded the sterling performance of the bank over the years and not surprised with the progress the bank is making. Mr Mattah stressed that the Bank has solid indicators as per their ratings and encouraged the board and management not to rest on their oars.
He advised the staff to be mindful of maintenance culture and take proper care of the branch office and also work with all the professional ethics to maintain or improve the enviable corporate image the bank is currently enjoying.
He finally advised the staff not only be interested in mobilizing deposits from the customers but show interest in assisting them to grow their businesses by offering them reasonable credit facilities at flexible interest rates which will eventually bring development.
The Ashanti Chapter President of the Association of Rural Banks, Patrick Owusu who is also the Board Chairman of Atwima Kwanwoma Rural Bank expressed his satisfaction with progress rural and community banks are making across the nation.
He disclosed that the industry has currently employed approximately four thousand well-meaning Ghanaians within the over seven hundred branches scattered at every nook and cranny of the nation.
He mentioned that corporate social responsibility has also been the heartbeat of rural banks from, provision of relevant infrastructure to the various communities in which they operate, scholarship for brilliant but needy students of shareholders among others.
Mr Owusu advised prospective customers to have so much confidence in every rural bank since they have been tried and tested particularly at this time that people are losing confidence in the banking sector.
“Rural banks operate under strict regulatory measures by the Bank of Ghana and follow the banking law to the letter; it is not owned by an individual so decisions are not taking unilaterally besides it is owned by the community and they elect their board members “ he stressed.