Nwabiagya Rural Bank

Providing efficient and effective financial services

Overview

Nwabiagya Rural Bank Limited (NRB) is a community owned financial institution established in 1987 and located in the Ashanti region. NRB works through nine outlets and is regulated by the Bank of Ghana and supervised by the ARB Apex Bank Limited (an umbrella financial institution owned by the rural banks). NRB is owned by approximately 6000 members (owning about 68%) its directors (9%) and the management (4%). Goodwell West Africa Microfinance Company Ltd (an external investor) 19% shares.NRB wants to consolidate its position as a leading Rural Bank in the provision of competitive and affordable financial services in an increasingly competitive environment. NRB offers savings loans and payment products to reach this goal. The Bank has a focus on customer service boosted by its ownership structure where some clients also own its shares. NRB is among the cheaper (in terms of cost) and faster Banks in its operational area and has fairly high client retention.