The Board Chairman of Brakwa Breman Rural Bank (BBRB), Mr. Alexander Koomson, expressed gratitude to the founders, dedicated staff, loyal customers, and the community during a durbar to commemorate the bank's 40th Anniversary at its head office in Brakwa.
Mr. Koomson acknowledged the trust and support that had driven the bank's success story and reaffirmed the commitment to guiding principles of integrity, transparency, and dedication to meet the financial desires of its community.
At the event, 50 individuals, including promoters, founders, women in development groups, ex-directors, and the Chief Executive Officer with the largest deposit and shares with the bank, were awarded for their significant contributions to the bank's success.
Mr. Koomson highlighted the visionaries who, 40 years ago, mobilized finances to empower their community, laying the foundation for the bank's success.
He named the promoters, including Mr. Emmanuel Kingsley Aye Obeng (Snr), Mr. Peter P. Kofi Fosu, and others, who worked tirelessly to establish the Rural Bank.
He noted the bank's achievements in weathering economic storms, embracing technological advancement, and adapting to the changing regulatory landscape. Mr. Koomson also shared the financial performance of the bank, stating that the net profit before tax had seen consistent growth.
“In 2019, the bank's net profit before tax was GH₵42,076.00, GH₵101,977.00 in 2020, GH₵363,580.00 in 2021, GH₵421,276.00 in 2022, and by November ending 2023, it stood at GH₵1,100,000.00,” he announced.
Looking ahead, Mr. Koomson outlined the bank's vision for the future, aiming to play a pivotal role in sustainable development, fostering entrepreneurship, and contributing to the overall well-being of the community and beyond.
He expressed the intention to expand the bank's presence to places like Kasoa, Akim Oda, and Mankessim.
The Chief Executive Officer, Mr. Felix Dompreh, expressed pride in the bank's journey and gratitude to customers, stakeholders, and community members for their instrumental role in the bank's success.
The celebration included solidarity messages from various speakers, concluding with the cutting of a cake.