Brakwa-Breman Rural Bank PLC poised to lead digital innovation in rural banking

• As it marks 40th anniversary

The Brakwa-Breman Rural Bank PLC, located in Brakwa in the Asikuma-Odoben-Brakwa District of the Central region, isworking to intensify its adoption and integration of modern technologies to provide innovative financial products to its customers.

According to the Board Chairman of the Bank, Alexander Koomson, the Bank is at the forefront of change, ready to embrace new opportunities and navigate challenges.

He said, “Our strategic plans include further integration of technology to enhance banking experience, especially at the very dawn of the Agency banking with the introduction of innovative financial products and continued collaboration with local and international stakeholders.”

The Bank in recent years, has embraced digital innovations, enhancing accessibility and efficiency. It is to this end, that the Board Chairman stated that “We are poised to make headway in our efforts to digitize with the assistance of the ARB Apex Bank.

“Our commitment to financial literacy and inclusive banking has empowered even the remotest corners of our community. The partnerships forged with local businesses have stimulated economic growth, creating a ripple effect that benefits us all.”

These developments come as digitization continues to play a major role in various business sectors, including banking and commerce.

Giving an outlook of the Bank, at a durbar to mark the 40thanniversary at Brakwa, Mr. Koomson said the Bank has a vision in which it plays a pivotal role in sustainable development, fostering entrepreneurship, and contributing to the overall well-being of all its stakeholders.  

“As we embark on the next chapter, we remain committed to the principles that have guided us this far; integrity, transparency, and a genuine concern for the welfare of our customers,” he stated.

However, he also acknowledged the beginnings of the Bank noting some of the economic hurdles it faced and achievements made amid a changing rural banking regulatory landscape, in the country.

Recognizing that the Bank started its operations in 1983, he expressed gratitude to all the founding fathers and promoters of the Bank.

He said, “As we stand on the precipice of the 40th year, let us reflect on the accomplishments that define our bank today. Our prudent financial management, unwavering commitment to customer service, and community-centric approach have set us apart.”

Also speaking at the event, the Chief Executive Officer (CEO) of the Bank, Mr. Felix Dompreh, said over the past four decades, the bank has been an integral part of host communities, serving as a beacon of financial empowerment and fostering economic growth in the rural landscape.

“As we gather in this durbar to commemorate our 40th anniversary, it is not merely a celebration of time passed, but a reflection on the impact we have made and the lives we have touched. Our journey has been one of resilience, determination, and a shared commitment to the prosperity of our community.

“As we look to the future, we envision even greater strides, innovations, and collaborations that will contribute to the continued growth and prosperity of the communities we serve,” he said.

He also recognized the work and dedication of the management and staff of the bank adding that the success of Brakwa-Breman Rural Bank PLC is a testament to the collective efforts of each employee, past and present, customer and all shareholders.

Furthermore, Mr. Dompreh entreated all the stakeholders to look ahead with optimism and determination and collectively continue to build on the legacy that has defined the Bank.

“Our commitment to serving the financial needs of the rural community remains resolute, and we are excited about the opportunities that lie ahead, of course, with credible partners like the ARB Apex Bank, ARB – National and Central Region Chapter, the Bank of Ghana on our side,” he added.

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