Assinman Rural Bank Ltd: Providing Financial Services to Rural Folks in Ghana

Assinman Rural Bank Ltd is a limited liability company that was established on 27th February 1981 and licensed to commence business on 12th October 1981. The bank is located in Assin Manso, in the central region of Ghana. With its head office in Assin Manso, the bank has spread its operations to other areas in the region, including Twifo Praso and Twifo Hemang.

As a rural bank, Assinman Rural Bank Ltd aims to offer financial services to the rural communities in Ghana. The bank is one of the 144 rural banks in the country, which are dotted across various regions. These community banks play a crucial role in providing financial services to the rural folks who may not have easy access to banking services.

Financial Services Offered by Assinman Rural Bank Ltd

Assinman Rural Bank Ltd offers a range of financial services to its customers. These services include:

• Savings and Current Accounts: The bank provides savings and current account options to individuals and businesses. These accounts allow customers to securely deposit and withdraw their funds as needed.
• Loans and Credit Facilities: Assinman Rural Bank Ltd offers loans and credit facilities to individuals and businesses in the rural communities. These loans can be used for various purposes, such as agricultural activities, education, and small business development.
• Money Transfer Services: The bank facilitates money transfers for its customers, allowing them to send and receive funds within and outside the country.
• Mobile Banking: Assinman Rural Bank Ltd has embraced technology and offers mobile banking services to its customers. This allows them to access their accounts, make transactions, and check their balances using their mobile phones.

The bank is committed to promoting financial inclusion in rural areas. By providing these services, Assinman Rural Bank Ltd aims to empower individuals and businesses in the rural communities, enabling them to improve their economic well-being.

The Role of Assinman Rural Bank Ltd in Rural Financial Inclusion

Assinman Rural Bank Ltd, like other rural banks in Ghana, plays a significant role in promoting rural financial inclusion. The bank is regulated by the ARB Apex Bank, which is the umbrella body for rural and community banks in Ghana. The ARB Apex Bank provides support and guidance to these banks, ensuring that they operate within the regulatory framework.

Through its operations, Assinman Rural Bank Ltd contributes to the overall goal of the Ghanaian government to achieve rural financial inclusion. The government recognizes the importance of providing financial services to rural areas to bridge the gap between urban and rural communities in terms of access to financial services.

By establishing branches and mobilization centers in rural areas, Assinman Rural Bank Ltd brings banking services closer to the people. This reduces the need for rural folks to travel long distances to access banking services, which can be time-consuming and costly.

Furthermore, the bank actively participates in financial literacy programs and initiatives aimed at educating the rural communities about the importance of savings, responsible borrowing, and other financial management skills. These programs help to empower individuals with the knowledge and skills needed to make informed financial decisions.

Assinman Rural Bank Ltd: A Pillar of the Rural Economy

Since its establishment in 1981, Assinman Rural Bank Ltd has become an integral part of the rural economy in the central region of Ghana. The bank has contributed to the growth and development of the communities it serves by providing financial support to individuals and businesses.

Through its loans and credit facilities, Assinman Rural Bank Ltd has helped farmers expand their agricultural activities, enabling them to increase their productivity and income. The bank has also supported small businesses in the rural communities, providing them with the necessary capital to start and grow their ventures.

Additionally, Assinman Rural Bank Ltd has played a role in job creation in the rural areas. By supporting businesses and providing financial services, the bank has indirectly contributed to the creation of employment opportunities for the local population.

Privacy Policy and Contact Information

Assinman Rural Bank Ltd values the privacy of its customers and has implemented a privacy policy to protect their personal information. For more information about the bank’s privacy policy, please visit their website.

Contact No: 002330245864242

For any inquiries or to learn more about the services offered by Assinman Rural Bank Ltd, please contact the bank using the provided contact number.