Brakwa Breman Rural Bank grants more loans to customers
Brakwa Breman Rural Bank grants more loans to customers
Evans Kweku Oboafi Junior HARDROCK 
The Brakwa Breman Rural Bank in the Central Region granted loans worth GH₡20,885,167 to its customers in 2024, as against GH₡15,530,448 it gave out in 2023, showing an increase of GH₡5,354,719.
During the same period, the bank’s total assets increased from GH₡33,360,747 to GH₡54,721,666, while its deposits shot up from GH₡26,219,518 to GH₡47,536,081, showing a difference of 81 per cent.
The Board Chairman of the bank, Nana Barima Fi III, announced this at the 39th annual general meeting of the bank held at Ajumako last Saturday.
He said the bank declared a profit before tax of GH₡1,079,731, as compared with the GH₡1,064,119 realised the previous year, while its stated capital increased from GH₡1,141,321 to GH₡1,197,221.
According to the board chairman, the bank’s total investment for 2024 was GH₡15,059,753 as against GH₡11,000,006, while its net worth during the same period was GH₡3,581,589 as against the GH₡3,057,849 the previous year.
He stated that the bank’s profitability before tax rose moderately by one per cent to GH₡1.08 million, stressing, “we aim to significantly increase this, especially with the completion of the bank’s head office building.”
Nana Fi said the bank’s operating income grew by 28 per cent; that is, GH₡11.01 million, driven by higher returns on loans and the government’s securities.
He said the bank’s capital adequacy ratio of 11.4 per cent exceeded the regulatory minimum, reflecting a strong capital position.
Shareholdings
Nana Fi urged stakeholders to increase their shareholdings, as strengthening the capital base would allow the bank to expand, innovate and meet evolving regulatory expectations.
He said as part of the bank’s corporate social responsibility, it spent GH₡30,824 on community development initiatives, including support for festivals, educational institutions and donations to churches, youth clubs and funerals.
He mentioned some of the beneficiary communities as Breman Asikuma, Brakwa, Bennin, Ajumako and Enyan Denkyira.
The Chief Executive Officer (CEO) of the bank, Felix Dompreh, urged loan beneficiaries to repay on schedule so that other needy people can benefit from the facility.
