Bosomtwe Rural Bank Limited at Kuntanase in the Bosomtwe District of Ashanti Region has recorded approximately GH¢3.8million as the bank’s total share capital as at close of business on 31st July 2019.

The amount, which far exceeds Bank of Ghana’s minimum threshold, is about 280% more than the minimum GH¢ 1million required by all rural banks to be achieved by February 2020.

Checks at the Regional Chapter of the Association of Rural Banks reveal that Bosomtwe Rural Bank holds the highest share capital followed by Adansi Rural Bank with a little over GH¢3.7 million and Atwima Kwanwoma Rural Bank coming third with approximately GH¢3.2 million

The Bank has recorded consistent growth in its stated capital since 2015 to date and has been mindful of making the conscious effort to grow its capital.

By this, the board and management are taking this opportunity to appreciate the shareholders of the bank for their indispensable contribution in capitalising the bank particularly around this time the banking industry is confronted with liquidity challenges.   

The Bank recorded a significant growth of its stated capital from GH¢890,394.00 in 2015 to approximately GH¢1.47 million in 2016, which represented an increase of 65%.

In 2017 the Bank’s paid-up capital went up from approximately GH¢ 1.47million in 2016 to a little over GH¢2million, representing an increase of 40% and in 2018 recorded a share capital of approximately GH¢3.7million.

CEO of the Bank, Francis Agyei Bekoe, in an exclusive interview, attributed the consistent growth in the bank’s stated capital to outstanding operational performance over the years; the relatively low price per share coupled with high returns on shareholders’ funds, aggressive share mobilisation exercise as well as the confidence the public has in the bank.