The Lower Pra Rural Bank at Shama in the Western Region has recorded positive results in most indicators during its operations ending December 31, 2022. The outlook in deposits, lending, investment, net worth, profitability, total asset, debt recovery and technology projected by the bank were, therefore, positive. The Board Chairman,…
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Lower Pra Rural Bank sees increase in deposit mobilisation
The Lower Pra Rural Bank in the Western Region has inspite of the impact of the coronavirus pandemic on the economy has been able to mobilise more deposits last year.
The Chairman of the Board of Directors of the Bank, Mr Isaac Kwamina Van-Ess, who announced this at the bank’s annual general meeting held here on Tuesday said during the period under review the bank’s total deposits increased from GH¢ 96.8 million in 2019 to GH¢ 129.6 million in 2020 representing an increase of 34 per cent.
He said the advances outstanding under the lending programme in 2019 totalled GH¢56.1 million as against GH¢ 59.4 million in 2020 representing an increase of six per cent.