C/R:Microfin Community Bank Declares GH¢282,463 Dividend at 13th AGM After Recording Remarkable Growth
Microfin Community Bank PLC has successfully held its 13th Annual General Meeting, reporting remarkable financial growth across all key indicators and announcing a dividend payout of GH¢282,463 to shareholders.
Held under the theme _“Driving Sustainable Growth Through Digital Inclusion and Financial Stability,”_ the AGM provided a platform for the Board to present the bank’s 2025 performance, share strategic direction with shareholders, and reaffirm its commitment to community-focused banking.
Addressing shareholders, _Mrs. Patience Antonio, Board Chairperson of Microfin Community Bank PLC_, announced the approval of a dividend payment of GH¢282,463. The payout represents 40 percent of profit after tax and statutory reserves, following the bank’s impressive financial performance during the year under review.
Mrs. Antonio presented an overview of the bank’s operations, highlighting significant improvements in key financial metrics. She noted growth in customer deposits, increased investments, a rise in shareholders’ funds, and expansion of total assets. The improvements, she said, have enhanced overall profitability and strengthened the bank’s financial position. The bank’s Auditors’ Report was also presented at the meeting and confirmed Microfin Community Bank’s strong financial standing and full compliance with regulatory standards set by the Bank of Ghana.
Looking ahead, the Board Chair assured shareholders that management will continue to implement pragmatic measures to sustain growth and achieve the bank’s strategic plan. Key priorities for the coming year include intensifying loan recovery, embarking on aggressive deposit mobilisation, strengthening internal controls, and maintaining quality assets to protect and grow profitability. “We remain committed to proving ourselves a reliable community bank that delivers value to shareholders while serving our customers diligently,” Mrs. Antonio stated.
Mrs. Antonio stressed that Microfin Community Bank continues to invest in its operational communities. During the year under review, the bank supported projects for the Ghana Education Service, contributed to Agriculture and Farmers’ Day celebrations, and assisted the Ghana Police Service within its catchment area.
She urged shareholders to acquire more shares to support the bank’s long-term objective of deepening financial inclusion and making a lasting impact in the communities it serves. She also assured that the Board and Management will do everything possible to maintain operational efficiency and enhance returns for shareholders.
Credit: Janet Kwakye



Comments
Post a Comment