Surpassing previous records, Bawjiase Area Rural Bank PLC posted a net profit of GH¢1.6M+ for 2021
For the 2021 financial year, Bawjiase Area Rural Bank PLC realized a net profit exceeding GH₵1.6 million, reflecting a 16% growth compared to the GH₵1.4 million achieved in 2020.
The bank empowers schools through its community outreach programs.
The donation saw Kasoa Presbyterian Junior Secondary School, as well as the Methodist and Anglican Junior Secondary Schools in Bawjiase, receive a supply of roofing sheets and nails. Additionally, Adeiso Presbyterian Senior Secondary School was supported with 50 bags of cement.
Bawjiase Area Rural Bank PLC is scaling new heights in its daily operations.
The Bawjiase Area Rural Bank PLC achieved a net profit exceeding GH₵1.6 million for the 2021 fiscal year, marking a 16% increase from the GH₵1.4 million earned in 2020.
Bawjiase Area Rural Bank hits new milestones with remarkable year-end profits.
The bank’s investment portfolio in government bonds and other securities also expanded, growing from GH₵1,812,270 in 2008 to GH₵2,438,220 in 2009
Consistently outperforming peers, the bank remains the fifth-ranked rural financial institution
The bank’s total operational revenue also witnessed an upward trend, rising from GH₵7,317,601 in 2017 to GH₵7,964,532, which represents an 8.8 percent improvement
Bawjiase Area Rural Bank delivers impressive returns for shareholders.
The Bawjiase Rural Bank PLC also increased its loans and advances to customers by 10.1 percent during the year under review, while also experiencing a 20.7 percent growth in deposits from customers.