ARB Apex Bank
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Native name | ARB Apex Bank Limited |
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Company type | State owned company |
Industry | Financial services |
Founded | 2001 |
Headquarters | No. 5, 9th Road, Gamel Abdul Nasser Avenue, , |
Key people | James Kwame Otieku (Chairman) |
Website | www |
ARB Apex Bank is a Ghanaian wholesale bank that provides funding and coordination to the Rural & Community Banks (RCBs) in Ghana. In effect it acts as a mini central bank to the Rural banks in Ghana.[1] The acronym ARB stands for the Association of Rural Banks.[2]
In Ghana, rural banks are financed mainly via the
Every Rural and Community
History
In 1969, the All India Rural Credit Review Committee recommended that Apex co-operative banks directly finance co-operative societies.[citation needed]
- January 2000 - bank was registered as a public limited liability company
- June 2001 - received a banking license
- August 2001 - admitted to the Bankers Clearing House as the 19th member.
- March 2021 - admitted into the Ghana-Sweden Chamber of Commerce.[3]
It started its banking business on 2 July 2002.[4] In 2018, it claimed to be the first bank in Ghana to issue bank cards to EMV standards which allow payments on the Gh-link platform.[5]
Operations
The apex financial institution lends cash to rural banks who, in turn, provide small credit to small businesses and also support the development of rural projects.[6]
Besides the head office, there are ten branch offices throughout the country, including locations in
.References
- ^ "About us". ARB Apex Bank Limited. Retrieved 17 May 2018.
- ^ "ARB APEX BANK LIMITED". Devex. Retrieved 16 March 2017.
- ^ "ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce". Graphic Online. Retrieved 19 March 2021.
- ^ "ARB Apex Bank". Business Ghana. Business Ghana. Retrieved 17 May 2018.
The ARB Apex Bank commenced banking business on 2nd July, 2002.
- ^ Krampah, Seth (22 January 2018). "ARB Apex Bank first to roll out GH-Link EMV standard technology". Business & Financial Times Online. Business & Financial Times Limited. Retrieved 17 May 2018.
- ^ Adeaga, Favour (2 June 2020). "ARB Apex Bank Ghana branches and their contact details". Yen.com.gh - Ghana news. Retrieved 19 July 2023.