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KUNTANASE, ASHANTI REGION — At the 36th Annual General Meeting (AGM) of Bosomtwe Community Bank PLC, held today at the St. George Catholic Church in Kuntanase, the Member of Parliament for Bosomtwe, Dr. Yaw Osei Adutwum, took center stage to commend the institution for its significant contributions to the development of the Bosomtwe community.
Dr. Adutwum praised the bank’s management for making professional banking services both accessible and lucrative for the local population, highlighting the institution as a vital engine for regional prosperity. During his address, the MP also took the opportunity to reaffirm his dedication to the district’s growth, promising ongoing efforts to lobby for improved road infrastructure to further support local commerce and connectivity.
The praise from the Minister comes on the heels of an outstanding financial year for the bank.
Addressing the assembly of shareholders, traditional leaders, and industry stakeholders, Board Chairman Mr. Isaac Awuku Tetteh reported that the bank successfully navigated a 2025 macroeconomic environment marked by easing inflation and stabilizing foreign exchange markets.
These favorable conditions, coupled with strategic internal initiatives, led to remarkable growth across all core metrics:
Profitability: Profit before corporation tax surged by 128.04%, rising from GH₵12,097,477 in 2024 to GH₵27,587,039 in 2025.Total assets saw a significant increase of 34.72%, climbing from GH₵327,469,898 in 2024 to GH₵441,161,883 in 2025. On Customer Deposits, a total of deposits experienced robust growth of 32.16%, moving from GH₵297,014,348 to GH₵392,859,599.
Community Support: Demonstrating its commitment to local businesses, farmers, and SMEs, the bank grew its loans and advances portfolio by 37.41%, from GH₵50,689,297 to GH₵69,650,956.
Additionally, the bank’s investment portfolio, including Treasury bills, expanded by 35.52% to reach GH₵302,827,446.Strengthening Shareholder Value,the bank’s financial strength was also reflected in its capital structure, with shareholders’ funds rising by 63.60% to reach GH₵31,509,136, and paid-up capital increasing by 13.58% to GH₵6,175,874. Given these strong results, the Board of Directors recommended a dividend payment of GH₵0.10 per share for the 2025 fiscal year, up from GH₵0.04 per share in 2024.
The event also saw contributions from Baffour Kwaku Amoateng IV (Gyakyihene and Otumfuo Kyeame Panin), who praised the bank’s professionalism and high-quality service delivery. He pledged the full support of the traditional authority for the bank’s future endeavors, echoing the sentiment that the institution is a cornerstone of the community.
Story by Anita Frimpong