Odotobri Rural Bank Limited

 03225-40085 03220-91454
Address
Adjacent White House bar

The establishment of Odotobri Rural Bank Limited was a response by the Government to Odotobri Cocoa Farmers’ appeal to help alleviate their plight at a time when they had to travel long distances of over 20km, most often on foot to cash their Akuafo Cheques at Ghana Commercial Banks and Agricultural Development Banks in Bekwai, Obuasi and Kumasi as the case may be. Odotobri Rural Bank Ltd. was incorporated by shares in March 29, 1982 with registration number 20476 under the Companies Code of 1963(Act 179). The Bank was issued with a license to commence Banking Operations on September 7, 1982 under the Banking Act 1970 (Act 339). The bank started actual operations to the public on September 16, 1983.

Vision
To be an Accomplished Giant in the Microfinance Industry in Ghana.

Mission
To provide efficient financial services through customized products, good corporate governance, well motivated human resource, maximization of shareholders’ wealth, consistent application of improved technology and being socially responsible.

Corporate values

The Corporate Values are expressed in the 5R’s of Odotobri Rural Bank Limited as below:

Responsibility to Clients
Responsibility of Employers
Responsibility to the Society
Responsibility to Shareholders
Responsibility to Employees

Broad Goals

The Bank on inception had the following board based objectives
-   Deposit Mobilization and Credit delivery

-   Customer Care

-   Human Resource Development

-   Profitability and Growth

-   Maximization of Shareholders Wealth

-   Survival in the Long Term

-   Efficiency and Effectiveness

-   Social Responsibility

Organizational Structure

A Seven Member Board of Directors governs Odotobri Rural Bank.  The Shareholders is at the Apex of Bank Organogram and is the highest decision making body of the Bank.
The Board exercises its oversight role and responsibilities through the following standing committees:
*    Loans and Credit Committee
*    Mobilization Committee
*    Local Board Committee
*    Scholarship Committee
*    Procurement, Asset Acquisition and Disposal Committee.
*    Audit and Finance Committee

The Board is assisted by a Management team with varied and rich working experience in Banking.  The Management headed by the General Manager & Chief Executive Officer is responsible for the day to day Administration and Operations of the Bank.  Inclusive in the Management team are the General Manager/Chief Executive Officer, Head of Accounts Department, Head of ICT Department, Head of Micro Finance Department, Head of Audit Department and Head of Credit, Advances Department, Marketing and Business Development Department and Human Resource Department.

AUDITORS - John Allotey and Associates (Chartered Accountants)
2nd Floor Unicorn House
P O Box KS 884
Adum – Kumasi

SOLICITORS
Ernest Owusu Dapaah
Omnis Lex Consult
Nhyira Chambers
2nd Floor Aseda House
Adum – Kumasi

BANKERS
ARB Apex Bank Limited
Cal Bank Limited, Kumasi
 

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