The Kintampo Rural Bank in the Bono East Region realized GHC130 million profit in the 2023 and 2024 financial year, Mr Martin Mensah, the Chief Executive Officer of the Bank has said.
He said the bank’s balance sheet expanded by 35.95 percent from GHC96.40 million in 2023 to GHC131 million in 2024, saying that the achievement was driven by a strong deposit mobilization strategy.
Mr Mensah pledged the bank’s dedication to execute its Corporate Social Responsibility to better the socio-economic livelihoods of the rural dwellers.
Speaking to the Ghana News Agency (GNA) in an interview at Kintampo, Mr Mensah said customer deposits also grew from GHC78.33 million to GHC107.47 million, representing 37.20 percent within the fiscal year.
The bank’s investment portfolio also grew from GHC47.95 million in 2023 to GHC64.90 million in 2024, representing 35.35 percent with loans and advances growing from GHC32.94 million to GHC44.43 million within the period.
Mr Mensah said the bank’s equity grew from GHC14.23 million to GHC20.40 million, representing 43.30 percent, adding that its pre-tax profit jumped from GHC3.50 million to GHC10.29 million within the period, a representation of 193.67 percent.
The bank’s profit after tax also witnessed an increase, jumping from GHC2.75 million in 2023 to GHC6.94 million in 2024, a percent of 152.43 increment.
Mr Mensah said its capital adequacy ratio of 29.51 percent exceeded the regulatory minimum of 10 percent, thereby reinforcing a stronger capital position and capacity to support future growth.
He added that the bank delivered a sustainable value to shareholders by achieving a return on assets of 5.30 percent and a return on equity of 34.03 percent, urging customers and shareholders to continue to remain loyal with the bank.
Mr Mensah said the bank remained dedicated to serve the financial needs of the local communities within its operational enclave, committing to meet the Bank of Ghana’s minimum capital of GHC5 million to operate as a community bank.
GNA
Edited by Dennis Peprah/George-Ramsey Benamba
FFebruary20, 2026
Caption: Picture shows Mr Mensah
