ARB Apex Bank

ARB Apex Bank is a mini central bank for the Rural & Community Banks (RCBs). The basic facts:[1]

  • 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.

ARB Apex Bank
Native name
ARB Apex Bank Limited
IndustryFinancial services
Founded2001
HeadquartersNo. 5, 9th Road, Gamel Abdul Nasser Avenue,
Accra
,
Ghana
Key people
James Kwame Otieku (Chairman)
Websitewww.arbapexbank.com

It started its banking business on 2 July 2002.[2] 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.[3]

Rural banks are financed mainly via the Rural Financial Services Project (RFSP), that is a project of the Government of Ghana to solve the operational problems of the rural financial sector. Every Rural and Community bank in Ghana was mandated to contribute two thousand Ghana cedis to buy shares of the ARB – Apex bank Ltd, to enable the bank become accountable to the rural and community banks. So every rural and community bank in Ghana own two thousand Ghana cedis worth of shares in Apex Bank. The remaining shares of the bank are also owned by the government of Ghana. The acronym ARB stands for the Association of Rural Banks.[4]

See also

References
  1. "About us". ARB Apex Bank Limited. Retrieved 17 May 2018.
  2. "ARB Apex Bank". Business Ghana. Business Ghana. Retrieved 17 May 2018. The ARB Apex Bank commenced banking business on 2nd July, 2002.
  3. 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.
  4. "ARB APEX BANK LIMITED". Devex. Retrieved 16 March 2017.
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