Apex Bank to migrate product onto ICT platform-MD

Ada Foah, Dec. 2, GNA - Mr Eric Osei-Bonsu, Managing Director of ARB=

Apex Link Limited, has disclosed that, the Apex Bank would soon migrate i= ts star product, Apex Link Money Transfer, onto an ICT platform, in order to=

make it efficient, fast, safe and secure. This was contained in an address, read for him by Mrs Eunice Osei-Bonsu, Corporate Affairs Manager, at the 25th Annual General Meeting= of the Ada Rural Bank, at Ada Foah. He underscored the need for Rural and Community Banks (RCBs), to for= m co-operative mergers, in the face of the changing, challenging, competiti= ve and turbulent landscape of the banking industry. He pointed out that, one of the critical issues facing the rural banking industry was the issue of good governance, and charged Boards of Rural Banks to be well-informed and ethical in the discharge of their duties. Mr Osei-Bonsu urged Rural Banks to consider selecting into their various boards, directors with requisite education and experience, who wo= uld contribute to the effective management of the banks. He urged managements of Rural Banks to institute measures that would=

help identify, assess, monitor and control risks at their various banks. Mr Osei-Bonsu expressed regret at the general performance of the Ada=

Rural Bank last year, and advised the board, management and staff to sit up, hoping that, with the proper strategies put in place, the bank would be o= n the road to total recovery.

"Adopt a more innovative approach towards funds mobilization, while exercising prudence in your credit delivery, and deliver prompt and efficient services to both existing and potential customers," he admonish= ed the bank. Nene Gaduga Osrama, the fourth, immediate past Chairman of the Board= of Directors of the Bank, thanked management for the co-operation, during hi= s tenure. Mr Ishmael Kwemefe Martey, Senior Manager of the bank, urged custome= rs to buy shares in the bank, to enable it to increase it's capital base. Mr Martey also appealed to shareholders and customers, who had taken=

loans, to re-pay them, so that others could enjoy the facility.