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.
To be an Accomplished Giant in Unit Banking.
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.
The Corporate Values are expressed in the 5Rs of Odotobri Rural Bank Limited as below:
The Bank on inception had the following broad-based objectives
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:
The Board is assisted by a Management team with varied and rich working experiences in Banking. The Management headed by the Chief Executive Officer is responsible for the day to day administration and Operations of the Bank. Other members of the Management Team are the Chief Operating Officer, Central Accounts Manager, ICT Manager, Audit Manager, Credit Manager, Human Resource /Administrative Manager, Risk & Compliance Manager, Business Development Manager and E-banking Manager.
John Allotey and Associates (Chartered Accountants)
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Omnis Lex Consult
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