Summary Report Of The Business Deliberated At The 31st Annual General Meeting (AGM).

Suma Rural Bank had its 31st Annual General Meeting on 18th November, 2018 at Suma Presby Church. The meeting was attended by over 182 shareholders, representations from ARB-Apex Bank, Association of Rural Banks B/A chapter, Nananom from Suma and other Traditional Councils as well as other dignitaries from the Operational Area of the Bank. The staffs of the Bank who are shareholders were also present at the meeting.

The Bank declared a profit after tax of GHS 280, 802.00 and GHS 303, 121.00 as profit before tax. The Directors of the Bank recommended a payment of dividend of Ghs 56,835.00 being 0.03123 pesewas per share.

Mr.Kofi Agyemang a Vice president of ARB who represented Mr.Takyi Gyan the president of B/A charter thanked the Board and Management for the success chalked in the rural banking industry. He was impressed with the growth of key performance indicators of the Bank,He advised Shareholders to purchase more shares and also tasked the staff to adhere to high customer care practice in their dealings with customers.

Mr. George Kwaku Annor Apex Manager of Kumasi Branch represented the Managing Director of ARB Apex Bank Mr. Kojo Mattah highlighted on the following; Share Capital mobilization to meet the new Minimum requirement, proper credit management practice and adequate staff training. He further advised the staff not to involving themselves in any fraudulent activities.

Hon. Adane Ankomah the District Chief Executive of Jaman North thanked the Bank for the successes chalked and corporate social responsibility it carried out in its operational area, and encouraged the Board and Management to do more

The Omanhene of Suma Traditional Council was represented by a delegation of chiefs from Suma Traditional Council. The Council thanked Almighty God and Sumaman for the support accorded the Bank since its establishment. They appealed to all stakeholders of the Bank to perform their parts to sustain the bank for the next generation to also inherit it

Shareholders were happy about the successes that the Bank chalked and entreated Management and Staff to continue working hard for the Bank to improve on her performance.

The detailed financial of the Bank are covered in the Annual Report for 2016 financial year

Excerpts of the event in pictures

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