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Business News of Thursday, 25 November 2010

Source: GNA

South Birim Bank declares 70 percent profit

Akim Achiase (E/R), Nov. 25, GNA - The South Birim Bank in the Birim=

South District of the Eastern Region, recorded a 70 per cent profit in 20= 09 over the previous year. Mr Robert K. Amoah, Board Chairman of the Bank who made this known a= t the 25th Annual General Meeting of the financial entity at Akim Achiase s= aid the 2009 profit was GH¢84,591 as against GH¢49,746 in 2008. He recalled that the bank's assets increased from GH¢596,881 in 20= 08 to GH¢616,632 in 2009. The Chairman of the Board declared that the bank's total deposit for=

the year under review was GH¢4,425,774 as against GH¢3,412,920 in 200= 8. Mr Amoah said out of the 131 rural banks in the country, the South Birim Bank was one of the 19 computerised. 25 Nov. 10