ARB Apex Bank: Empowering Rural Communities in Ghana

ARB Apex Bank, established on July 2nd, 2002, plays a crucial role in the development of rural banking in Ghana. With the initiation of the first rural bank, Nyakrom Rural Bank Limited, in 1976, rural banking gained popularity among various rural communities. Today, there are 120 Rural Community Banks (RCBs) with over 500 agencies, all working towards the growth and well-being of rural areas in Ghana.

The Association of Rural Banks (ARB) was formed in 1981 to provide and exchange information on rural banking services, promote cordial relationships among RCBs, contribute to the development of agriculture, commerce, industry, and rural areas, and educate rural communities about the work of RCBs. The ARB Apex Bank acts as a mini central bank for the RCBs, offering them support and guidance in their operations.

ARB Apex Bank Branches and Services

ARB Apex Bank has ten branch offices strategically located across Ghana, including Kumasi and Accra. These branches serve as important hubs for providing banking services to rural communities. The bank offers a range of services to its customers, including:

• Banking services
• Loan facilities
• Deposit services
• Money transfer services
• Electronic banking services

With the aim of ensuring timely loans and financial transactions, ARB Apex Bank closely monitors and inspects the operations of the RCBs. It also trains staff members of the RCBs to enhance their competency in delivering quality banking services to the rural population.

Guaranteeing Payment Instruments and Deposit Insurance Scheme

ARB Apex Bank guarantees payment instruments issued by the RCBs, providing assurance to customers and promoting trust in the rural banking sector. Additionally, the bank operates a deposit insurance scheme to protect customers’ deposits in case of any unforeseen circumstances.

ICT Services and E-Banking

Recognizing the importance of technology in modern banking, ARB Apex Bank offers e-banking services to its customers. This allows them to access their accounts, make transactions, and manage their finances conveniently. The bank also makes use of ICT services to streamline its operations and improve efficiency.

Supporting Rural Projects and Development

ARB Apex Bank actively supports rural projects and development initiatives. It provides loans and financial assistance to individuals, groups, and organizations in rural areas to promote entrepreneurship, agriculture, and other sectors. By doing so, the bank contributes to the overall development of rural communities and the rural financial sector in Ghana.

Partnerships and International Development

ARB Apex Bank collaborates with various organizations and institutions to enhance its services and promote rural development. It works closely with the International Development Association (IDA) to access funding and resources for rural projects. These partnerships enable the bank to offer customers access to a wide range of financial services and opportunities.

ARB Apex Bank App and Online Services

ARB Apex Bank has developed a user-friendly mobile app that allows customers to conveniently access their accounts, make transactions, and access other banking services. The app provides a secure and convenient way for customers to manage their finances on the go.

Ensuring Service Privacy and Security

ARB Apex Bank prioritizes the privacy and security of its customers’ information. It adheres to strict privacy policies and employs advanced security measures to protect customer data and transactions.

For more information about ARB Apex Bank and its services, visit their website or contact them using the details below:

Contact No: +233 0302 771738 / 772129 / 772034

Postal Address: PO Box GP 20321, Accra

Location: Greater Accra Region

Website: www.arbapexbank.com