BOARD OF DIRECTORS PROPOSES PAYMENT OF DIVIDEND AFTER MICROFIN RECORDS REMARKABLE FINANCIAL GROWTH.
Microfin Community Bank has successfully held its 13th Annual General Meeting (AGM) to present its performance, share progress with shareholders and reaffirm its commitment to community-focused banking with strong financial performance.
The 13thAGM was under the theme;DRIVING SUSTANAIBLE GROWTH THROUGH DIGITAL INCLUSION AND FINANCIAL STABILITY.
Mrs. Patience Antonio, Board Chairperson of Microfin Community Bank PLC,announced approval of dividends payment of GH¢282,463, represents 40% of the profit after Tax Statutory Reserves.
The annual General meeting also presented an overview of the Bank’s operations, highlighting significant improvements in key financial indicators such as: Growth in deposits, investments, increase in shareholders’ funds and total assets enhanced profitability, whiles, Auditors’ Report was also presented, confirming the Bank’s strong financial position and adherence to regulatory standards.
She alluded that the Bank would continue to put in pragmatic measures to ensure positive growth and achievement of the Strategic Plan of the Bank and also intensify loan recovery, embark on intensive deposit mobilisation, strengthen internal controls and maintain quality assets to increase profitability and continues to prove it reliable community banking.
In furtherance stressed, the Bank has been providing support to various state institutions and stakeholders within its operational territories and Some projects supported within the Bank’s catchment area during the year under review.
She urged shareholders to buy more shares to set the Bank’s growth pattern on the long-term objective of making a positive impact in the communities, also assured, the Board and Management will do everything possible to ensure sustained operational efficiency to enhance its profitability to the benefit of it’s cherished shareholders.
Story by Janet Kwaakye(Poma Poma)
