Jomoro Rural Bank assists communities

The Jomoro Rural Bank (JRB) Limited at Tikobo Number One in the Western Region last year spent a total of Gh?4,750.00 to assist eight communities, association and institutions in the area.

The Board Chairman of the Bank, Mr Cosmos Cobbold, who made this known at the 18th Annual General Meeting of the Bank at Tikobo No. one, said the move was part of the Bank's Corporate Social Responsibility (CSR).

Communities that benefited from the Bank's assistance are Tikobo Number One, Boinso and Mantukwa, while Ankobra FM Station, Jomoro and Ellembele District Assemblies, Agyeza Sacred Action Church and Eikwe Palace were among the institutions that benefited from the Bank.

Mr Cobbold said the money was used to support developmental projects by the communities such as the construction of a foot bridge, Breast Cancer Screening, National Farmers’ Day Celebrations, among others.

He said the Apex Bank report in June last year on Evaluation and Monitoring Unit (EMU) ranking, moved the Jomoro Rural Bank (JRB) Ltd from its 113th position in 2011 to 59th position out of the 135 Community and Rural Banks in the Country.

He expressed concerned over the Bank's land acquired at Elubo, which has been resold to other land developers.