Alhassan Yakubu-Tali Resigns as MD of ADB PLC
The Managing Director of Agricultural Development Bank PLC, Mr. Alhassan Yakubu-Tali has resigned from his post following the nomination of new a MD by the majority shareholder.
This was contained in a press release issued to the media on Thursday.
Below is the Press Release.
Press Release
MR. ALHASSAN YAKUBU-TALI
RESIGNS AS MANAGING DIRECTOR OF
AGRICULTURAL DEVELOPMENT BANK PLC
Thursday, February 6, 2025: Following the nomination of a new Managing Director by the majority shareholder, the Agricultural Development Bank PLC announces the resignation of Mr. Alhassan Yakubu-Tali as Managing Director effective February 5, 2025.
Mr. Yakubu-Tali was appointed as the Managing Director on December 1, 2022, having served as the Deputy Managing Director from August 2017 to November 2022. His tenure as the Managing Director witnessed the rollout of a comprehensive
2-year corporate strategy that culminated in the Bank’s growth in capital and assets.
Under his leadership, the shareholders of the Bank successfully injected additional capital of GHSI .501 billion to ensure capital stability. The strategic focus on recovering the Bank’s Non-Performing loans yielded impressive results, leading to improved financial performance. His leadership also resulted in the reversal of a trend of significant losses recorded in prior years.
The Board, Management and Staff thank Mr. Yakubu-Tali for his remarkable contribution to the progress of the Agricultural Development Bank PLC and wish him the very best in his future endeavours.
…END…
source:newsflashafrica.com
