Agricultural Development Bank (ADB) promises continuation of impressive performance in 2022

Agricultural Development Bank (ADB) is promising the continuation of its impressive performance in 2022 and beyond.

According to its Managing Director, the bank has been able to turn around its lost fortunes with a strong balance sheet and financial soundness indicators.

Speaking at a Customer Appreciation Dinner, Managing Director of ADB, Dr. John Kofi Mensah, said the board and management have worked assiduously to bring the bank back to consistent profitability.

The bank recorded a 78% year-on-year growth in profit to ¢116.9 million in 2021, its Unaudited Financial Statement revealed.

“Since assuming the role as the Managing Director, with the support of our Board of Directors, the Management and Staff of the Bank, we have worked round the clock to turn the fortunes of the Bank around. By the grace of God, we have moved from a loss making Bank to a year-on-year profit-making Bank within the period and we are happy to say your continuous loyalty has largely contributed to this success story.”

He added that the bank is committed to delivery results for all shareholders.

Furthermore, Dr. Mensah said ADB was currently an ISO 27001-2013 and PCI DSS (Payment Card Industry Data Security Standards) Certified Bank, which means that it has met the International Standard Organisation requirement in ensuring customer information security and confidentiality.

“In addition, the Bank was the first to establish the Security Operation Centre (SOC) and permit me to proudly say, we were the first Bank in the country to meet this directive.  The Bank in 2021 also procured 14 brand new ATM machines to replace obsolete ones in some of our branches so Branches like Osu, Kaneshie, Legon, Wisconsin, Achimota, Lapaz, Nungua, Teshie all have new ATMs and we wish to add to our fleet this year.”

ADB to expand branch network to 100 by end of 2022

He also pointed out that his outfit will expand its branch network from 86 branches to 100 by the end of the year.

This he believes will expand its branch network to every farming growing community.

Dr. Mensah, concluded telling the customers that “our doors are always open to you to come up with your peculiar difficulties, hoping that through dialogue, we shall guarantee our mutual success.”