This is in recognition of the Bank’s continues financial support to the Agric Sector.
Though many banks and financial institutions shun the provision of credit to farmers due to the risky nature of the sector, adb’s support to the agric has been unrelenting for close to five decades.
In 2015/2016 year the bank facilitated the provision of f17.7 million Euros geared toward the production of 8000 hectares of rubber in the country.
He found it necessary to make this known due to growing scepticism about the bank’s intensified efforts in the provision of universal banking services.
Mr. Asiedu said “Years ago, we used to have banks having specific banking licenses. So there were banks with developmental licenses, others with commercial banking licenses. But now, we[banks] are all given universal banking licenses, which means we can provide all kinds of banking services. So what ADB has done is to be aggressive on universal banking meaning commercial, and all that, and beyond that, we are still strong in the Agric that we are known for. And I think that gives us an advantage over other competitors.”
Mr. Asiedu believes that ADB’s ability to serve both gives the bank a competitive advantage over its counterparts on the market.
According to organizers of the awards, Corporate Initiative Ghana, a careful assessment was done on the published financial results of the 28 banks by Auditing Firm Ernst& Young (EY) .
Below is the full list of winners