Maltaaba Community Bank has held its 12th Annual General Meeting (AGM) at its premises in Bongo, celebrating robust financial performance and calling on stakeholders to reaffirm their commitment to the bank’s continued growth.
The well-attended event brought together Board Directors, management and staff, shareholders, development partners, and invited guests.
In his address, outgoing Board Chairman, Francis Atintono, highlighted key achievements during the 2024 financial year, describing them as a testament to the bank’s resilience and customer trust.
He announced that the bank’s balance sheet grew by 89% to reach GH¢53.5 million, driven largely by a 95% surge in customer deposits. Loans disbursed also saw a 16% increase, while the bank’s investment portfolio registered substantial gains.
He said despite the challenging economic environment, the bank made remarkable progress in deepening financial inclusion and expanding its services. Atintono urged shareholders and customers to remain committed to the bank’s future.
“The Bank’s account sheet grew by 89% to 53.5 million Ghana cedis, driven by a 95% increase in customer deposits,” he announced.
Representing ARB Apex Bank, Mabel Domapielle, Bolgatanga Branch Manager, lauded Maltaaba Community Bank for its financial prudence and community-focused operations.
“ARB Apex Bank is pleased to note that loans and advances increased from GH¢5.84 million in 2023 to GH¢6.80 million in 2024 – a 16% rise,” she said. “This clearly reflects the bank’s commitment to promoting financial intermediation and inclusion in its operational areas.”
Domapielle also emphasized the importance of loan repayment by customers to sustain the bank’s performance.
The AGM provided a platform for shareholders to interact with management and review the bank’s performance, while setting the stage for new strategies to enhance growth and community development in the coming year.
Mike 105.3 FM | Navrongo | David Adapuna
