The Atwima Kwanwoma(AK) Rural Bank has declared a net profit of GH¢840,152.93 on its operations for the year 2011.
Compared with the 2010's figure of GH¢702,312.13, this represented an increase of 19.63 per cent.
Within the period under review, its total deposits also rose to GH¢36.8 million from GH¢29.1 million.
Mr Patrick Owusu, the Board Chairman of the Bank, said this when addressing the 29th annual shareholders' meeting at Pakyi Number Two in the Amansie West District.
He said there was a significant growth in investment from GH¢19,800,000.00 to GH¢23,900,000.00.
Loans and advances, he said, increased to GH¢9,204,953.98 from GH¢7,770,381.49 while total assets also increased from GH¢33.8 million to GH¢41.7 million.
On the share capital, Mr Owusu said it saw a 49.5 per cent increase, going up from GH¢368,699 to GH¢549,933.
The achievement, Mr Owusu said, was the result of aggressive shares promotion by the bank.
He said because of its impressive performance in deposit mobilization the bank won the "Gold Award" at the 2011 Ashanti Financial Services Excellence Awards and has been included in the "Prestigious Club 100".
Mr Owusu said as part of its corporate social responsibility, the bank in collaboration with the Peace and Love Hospital in Kumasi, has been organizing free breast screening for people in areas where it has been doing business.
He said the bank is also supporting 55 students with scholarships and the number of beneficiaries is to be increased to 83, this academic year.