Amanano Community Bank in the Ashanti Region has posted a record profit of GH¢19.2 million for 2025, the highest in the institution’s history since its establishment in 1982.
Board Chairperson, Oheneyere Augustina Asare Osei, expressed satisfaction with the bank’s outstanding financial performance at its Annual General Meeting (AGM).
She said the achievement reflects consistent growth and prudent management over the past few years.
She noted that despite making an impairment provision of GH¢5.7 million, the bank still recorded impressive results and remains focused on achieving even higher profits in the coming years.
“The biggest thing that I’m very proud of is the profit margin of 19.2 million cedis in 2025. It’s unprecedented. Since the inception of the bank in 1982, we have never witnessed such a performance,” she stated.
The Board Chairperson also disclosed that the bank has strengthened its capital position beyond the minimum requirement set by the Bank of Ghana.
“The Bank of Ghana requires us to have a capital of 5 million cedis, but the board has decided to increase it to 7 million cedis so that we will be better prepared for any future challenges,” she explained.
The bank is also introducing diaspora banking services and enhancing its digital platforms to enable Ghanaians living abroad to transact securely with the institution.
“Many natives want to invest in the bank and do business with us, but distance has been a challenge. We are introducing diaspora services together with our mobile banking platform to make banking easier for them wherever they are,” she said.
As part of its expansion strategy, the bank plans to open a new branch this year and establish additional branches within the Kumasi enclave in the coming years to improve access to banking services and increase profitability.
On shareholder returns, the Chairperson revealed that although the bank declared a dividend of GH¢1.9 million, shareholders approved a proposal to convert the dividend into bonus shares to strengthen the bank’s capital base.
“Instead of paying the dividend directly into shareholders’ accounts, the AGM approved that we reinvest it by purchasing additional shares for shareholders to increase the stated capital of the bank,” she noted.
Looking ahead, she emphasized that discipline, accountability, staff motivation and prudent leadership will be key to sustaining the bank’s growth.
“Our vision is to maintain prudent management, motivate our staff, and continue growing the bank so that we can achieve higher profits and pay even better dividends in the future,” she added.
The bank remains optimistic about its future prospects as it pursues expansion, digital transformation and enhanced customer-focused services.
Speaking on broader sector reforms, Legal Services Manager of the Apex Bank, Samuel Tepatey Tetteh, explained that the Bank of Ghana’s directive to reclassify Rural Banks as Community Banks is aimed at strengthening and modernising the sector.
He said the change is intended to expand the scope and appeal of these institutions beyond rural communities and position them for greater growth and sustainability.
“The intention is to make the banks better and bigger. The name ‘Community Bank’ is more appealing and reflects the expanded reach of these institutions, which will now serve not only rural areas but also suburban and urban communities,” he stated.
He added that nearly all rural banks have complied with the directive, with a recent report confirming the successful completion of the name transition across the sector.
