C/R:Microfin Rural Bank Records 135% Profit Growth, Shareholders Urged to Repay Loans
Kasoa, Central Region – Microfin Rural Bank has recorded a remarkable 135.10% profit growth, with deposits surging from GH¢17.6 million in 2023 to GH¢25.4 million in 2024, reflecting a 43.97% increase. This achievement was announced at the bank’s 12th Annual General Meeting (AGM) held at the Kasoa Akweley Credit Union Training Center in the Central Region. Speaking on behalf of the Board of Directors, Alhaji Yusif Twumasi attributed the bank’s positive performance to prudent financial management and effective loan recovery strategies. He expressed confidence that the bank is on track to maintain operational efficiency and deliver greater value to its shareholders. "The performance this year demonstrates that Microfin Rural Bank is a performing institution. The Board and Management are committed to sustaining this momentum to end the year strong," he emphasized. Also addressing the meeting, Mr Ebenezer Kwao Ahene-Larbie, Vice President of the Central Regional Chapter of the As...