The Royal Bank marks 5years: Chairman of the Board of Directors of TRB, Prof Bill Puplampu told staff and customers at the launch of the bank’s 5th Anniversary that “having grown from a single branch in 2012 to 26 branches in 5 years, the future of the bank is very promising and bright.”
“Our assurance to our customers and other stakeholders is that; we will continue to improve on our services and develop products to serve their changing needs and wants,” the Board Chairman said.
Recounting the several laurels the bank had won in a space of five years, Prof Puplampu said “we can only hope for greater things in the years ahead.”
“In spite of our humble beginnings and few years of existence, we have been blessed with13 local and 5 international awards,” the Board Chairman said.
Minimum Capital Requirement
On the issue of ability to raise GH¢400million capital as required by the regulator, the Bank of Ghana (BoG), Prof Bill Puplampu said the bank had the financial muscle to raise the amount without stress.
He however appealed to the BoG to consider a variation of the requirement to meet the different levels of banks in the country.
“The regulator should have a different timeline for different tiers of banks, there should be different strokes for different people,” he noted.
It will be recalled that in August last year, management of the bank dispelled rumours that the bank was bankrupt and could not meet the minimum capital required by the regulator. On the contrary, it assured customers and staff of the bank that the bank was in a position to recapitalize when the Bank of Ghana (BoG) set new limits for capitalization.
“Here at TRB, we are firmly on top of our capital situation as well as our liquidity situation,” he stated.
“This is a very sound institution, we have a very strong Board and good management and we believe that going forward we can only make good progress,” management had said.
TRB has excelled in banking
Touting the achievements of TRB and its contribution to the economy of Ghana, the Managing Director of the bank, Mr Osei Asafo -Adjei said during these 5 years of operation, the bank had created jobs, provided support to businesses especially small and medium enterprises and ultimately helped to deepen financial intermediation in the country.
TRB’s Corporate Social Responsibility
In 2014, through the vision and instrumentality of the Founder Alhaji Dr Adamu Iddrisu, The TRB Foundation now Alhaji Dr Adamu Iddrisu Foundation was inaugurated to provide relief in the area of Water and Sanitation, Health, Education, Culture and Sports to deprived communities.
Since its establishment the Foundation has provided over 120 boreholes to 115 communities across the country under its flagship “water for life” project
Source: thefinderonline
