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Access Bank

Access bank, a Nigerian bank commenced operations on May 2009 in Ghana as a full service commercial bank.

It acquired Intercontinental Bank in 2012, making it one of the largest retail banks in Ghana.

It achieved the merger and integration in 3 months.

Access bank’s stated capital GHS118 million.

Its base rate effective September, 2015 is 30.60 percent.

www.ghana.accessbankplc.com

Mr. Dolapo Ogundimu is MD of Access Bank.

Mr. Dolapo Ogundimu is MD of Access Bank.

 

 

 

 

 

 

 

 

ADB Bank

ADB was established by Act 286 in 1965 as the Agricultural Credit and Cooperative Bank.

In 1967 the National Liberation Council (NLC Decree 182) changed the name of the Bank from the Agricultural Credit and Cooperative Bank to the Agricultural   Development Bank.

In 2004 the bank obtained the Universal Banking license.

Total assets grew by 33.0 % from GH¢1,621.8 million at the end of 2013 to GH¢2,156.7 million at year end 2014.

This was funded mainly from a growth of 37.8% in deposit mobilization from GH¢1,061.1 million in 2013 to ¢1,462.1 million in 2014.

Shareholders’ funds also went up by 22.4 % from GH¢280.9 million at the end of 2013 to GH¢343.8 million at the end of 2014. As at 2016, base rate was at 24.31.

www.agricbank.com

Mr. Daniel Asiedu is MD of ADB Bank.

Mr. Daniel Asiedu is MD of ADB Bank.

 

 

 

 

 

 

 

 

 

 

Bank of Africa

Bank of Africa (BOA) commenced operations in Ghana in 2011 after BANK OF AFRICA Group (BOA Group) acquired majority interest in Amalgamated Bank (Amalbank) on 2nd of February 2011.

The BOA Group has presence in 15 African countries.

BOA Group’s majority shareholder, is Bank Maroccaine du Commerce Exterieur (BMCE Bank). BMCE Bank is Africa’s twelfth  largest bank.

As at January 2016, the bank’s base rate was 27.15%.

Stated Capital of the bank as at 2014 was 100,960,828 cedis.

www.boaghana.com

Mr. Kobby Andah is MD of Bank of Africa

Mr. Kobby Andah is MD of Bank of Africa

 

 

 

 

 

 

 

 

Bank of Baroda

The bank commenced operations in Ghana in 2007.

Bank of Baroda came top for the 3rd year in a row after posting a profit after tax margin of about 88% last year.

As at January 2016, the banks base rate was 15.61%.

Stated Capital :

Managing Director of the bank is Mr. R. Mohan.

www.bankofbaroda.com 

Mr. R. Mohan is the MD of Bank of Baroda Ghana

Mr. R. Mohan is the MD of Bank of Baroda Ghana

 

 

 

 

 

 

 

 

Barclays Bank

Barclays bank has operated in Ghana for over 97 years.

Barclays Ghana is a member of the Barclays Africa Group Limited (BAGL), which is majority-owned by Barclays Bank PLC.

Barclays has 75 service outlets nationwide: 57 branches, 3 Agencies, 10 Prestige Centres and 2 Premier Suites.

Stated Capital of the bank as at 2014 was 115,046,000

As at January 2016, the banks Base Rate was 21.55%.

gh.barclays.com

Madam Patience Akyianu is the MD of Barclays Bank

Madam Patience Akyianu is the MD of Barclays Bank

 

 

 

 

 

 

 

 

 

CAL Bank 
CAL Bank formerly Continental Acceptances Ltd and CAL Merchant Bank commenced operations in July 1990.

CAL Bank received its Universal Banking License in 2004.

It has a network of 24 branches and over 100  ATMs across Ghana.

Stated capital as at December 2015 – 100,000,000

As at January 2016, the Base Rate was at  28.50%

www.calbank.net

Mr. Frank B Adu Jnr is MD of Cal Bank Ghana

Mr. Frank B Adu Jnr is MD of Cal Bank Ghana

 

 

 

 

 

 

 

 

 

Capital Bank

Capital Bank is a wholly-owned Ghanaian Bank.

It was given a class 1 universal banking license to operate as a Universal Bank effective August, 2013 after operating as a Savings & Loans company- First Capital Plus since the 29th of October, 2009.

Stated capital:

Base rate:

Currently, Capital Bank has eighteen operational branches.

www.firstcapitalplus.net

Rev. Fitzgerald Odonkor is MD for Capital Bank

Rev. Fitzgerald Odonkor is MD for Capital Bank

 

 

 

 

 

 

 

 

 

 

 

Ecobank

Ecobank started operation in February 19th 1990, as a Merchant Bank and became the first bank in Ghana to receive a universal banking license from the Central Bank of Ghana in 2003.

Ecobank Ghana currently has over 77 branches in Ghana.

At the end of the financial year 2014, the bank had an asset size of GHS5.7billion and Profit Before Tax of GHS 309,613,000.

The bank has over the years, made good returns to its shareholders with Return on average equity (ROAE) and Return on average assets (ROAA) averaging above 35% and 4.7% respectively over the past 5 years.

As at end 2014 ROAE was 47% with ROAA of 6.1%. Ecobank Ghana has 195 ATM’s.

Ecobank’s bank rate was 23.00%.

The bank’s Stated Capital is GHS226.64 million.

Mr. Samuel Ashitey Adjei Outgoing MD of the bank

Mr. Samuel Ashitey Adjei is the Outgoing MD of the Ecobank Ghana

 

 

 

 

 

 

 

 

Energy Bank

Energy Bank Ghana Limited was incorporated in September 2009 as a privately owned institution.

The Bank is licensed to carry out Universal Banking services. Energy Bank has 12 branches across the country.

The bank formally commenced operations on 22nd of February 2011. The Bank shareholders fund is in excess of GHC 60 million which makes it one of the highest capitalised banks in Ghana.

Stated Capital is 100 million Ghana cedis.

As at January 2016, it base rate was at 24.88%.

www.energybankghana.com

The Managing Director for the bank is Ms. Queenette Okehie.

 

 

Fidelity Bank

Fidelity Bank was issued with its universal banking license on June 28th 2006.

The Bank was formerly Fidelity Discount House, the leading discount house in Ghana.

In its 2013 statement of account, the bank made improvement in its financial performance measure.

Profit increased by about 79% to GH¢112.5 million compared to GH¢63 million

recorded in 2013. This was mainly driven by increased operating income.

In the year under review, operating income was GH¢326 million, representing a

growth of 67% over last year’s figure of GH¢ 195 million.

Growth in operating income was as a result of a 59% growth in net interest Income from GH¢117 million in 2013 to GH¢186 million in 2014.

Fees and commission grew by 21% to GH¢57 million compared to GH¢47 million in 2013.

Stated capital : As at 2014 the bank’s stated capital was 264,486,000

As at January 2016, the bank’s base rate was 30.50%.

www.fidelitybank.com.gh

Edward Effah is MD of Fidelity Bank Ghana

Edward Effah is MD of Fidelity Bank Ghana

 

 

 

 

 

 

 

 

First Atlantic Bank

First Atlantic Bank was incorporated in August 1994 under the laws of the Republic of Ghana and commenced operations as a merchant bank in November 1995.
The bank has 12 branches.

As at January 2016, the Base Rate of the bank was 25.95%.

Stated capital:

www.firstatlanticbank.com.gh

Gabriel Edgal is the Managing Director of First Atlantic Bank.

Gabriel Edgal is the Managing Director of First Atlantic Bank.

 

 

 

 

 

 

 

 

GCB Bank

GCB a wholly owned tier 1 Ghanaian bank was founded in 1953.

The bank’s stated capital as at September 2015 was 100,000,000

In the same period it made a profit 162,810,000 against the 202,787,000 it made in September 2014.

The bank’s base rate effective July, 2015 is 22.76.

www.gcbbank.com.gh

Mr. Samuel Sarpong is the acting MD of GCB.

Mr. Samuel Sarpong is the acting MD of GCB.

 

 

 

 

 

 

 

 

 

 

GN Bank

GN Bank, previously known as First National was incorporated on May 30, 1997.  The bank has 175 branches across the country.

Stated capital:

Base rate:

The CEO of the bank is Patrick Anumel.

www.gnbankghana.com

Mr.Patrick Anumel is the MD of GN Bank

Mr.Patrick Anumel is the MD of GN Bank

 

 

 

 

 

 

 

 

 

 

Guaranty Trust Bank

Guaranty Trust Bank (Ghana) Limited, was registered in Ghana in October 2004 and obtained its universal banking license  on 23rd February, 2006.

The Bank is a subsidiary of Guaranty Trust Bank Plc, one of the foremost banks in Nigeria with a Triple A rating.

As at January 2016, the bank’s base rate was 26.75%.

GTBank Plc, currently owns 95.37% of the issued share capital of Guaranty Trust Bank (Ghana) Limited, with Nederlandse Financierings-Maatschappij Ontwikkelingslanden N.V. (FMO) holding 2.60% and Alhaji Yusif Ibrahim, a Ghanaian business entrepreneur, holding the remaining 2.03%.

www.gtbghana.com

Mr. Lekan Sanusi is the MD of GT bank.

Mr. Lekan Sanusi is the MD of GT bank.

 

 

 

 

 

 

 

 

 

HFC Bank

HFC Bank (Ghana) Limited, a subsidiary of Republic Bank Limited of Trinidad & Tobago, is a leading Universal Banking Institution in Ghana.

HFC was incorporated on May 7, 1990.

As at June 2015, the bank had  42  branches and  a total of forty five (45) on-site and off-site Automatic Teller Machines (ATMs).

The total issued shares of HFC Bank at end of 2012 was 296.36 Million shares.

It has a market capitalization of GH¢133.36 Million.

Ordinary shares as at end of the half year 2015 was 297.36 Million shares with a market capitalization of GH¢475.78 Million.

The share price of HFC Bank registered a price appreciation of 6.67% for the period January to June 2015.

The bank’s base rate was 25.75.

www.hfcbank.com.gh

Mr. Robert Le Hunte is the MD of HFC Bank.

Mr. Robert Le Hunte is the MD of HFC Bank.

 

 

 

 

 

 

 

 

 

 

 

Prudential Bank

Prudential Bank Limited (PBL) was incorporated as a private limited liability company in 1993.

The Bank started operations on 15th August, 1996 with its first Branch in Accra. As at the end of December 2015, the Bank had 34 Branches and two Agencies.

As at January 2016, the bank’s base rate was 27.50%.

www.prudentialsecurities.com.gh

Mr. Stephen Sekyere-Abankwa is the MD of Prudential Bank Ghana.

Mr. Stephen Sekyere-Abankwa is the MD of Prudential Bank Ghana.

 

 

 

 

 

 

 

 

 

Sahel-Sahara Bank

Sahel-Sahara Bank started its operations as a licensed universal bank in Ghana on March 25th 2008.

The BSIC Group, the mother company of Sahel-Sahara has a stated capital of 500 Million Euro.

As at March 2016, the bank’s base rate was 33.79%.

The Managing Director of the bank is Mr. Adama Diop.

 

 

Societe General

Societe Generale Ghana was incorporated as a private limited liability company with the name Security guarantee Trust limited on 7 February, 1975. 

In 2014, the bank recorded a Profit before Taxation of GHS71,016,619 from which taxation of GHS21,205,074 was deducted giving a Profit after Tax of GHS49,811,545 an increase of 37.0%.

Net Banking Income increased by 45.41% and Current Operating Expenses grew by 33.16%.

The bank’s Stated Capital is GH(¢) 62,393,557.80

As at January 2016, the bank’s base rate was 22.45.

Mr. Sionle YEO is the MD of SG Ghana.

Mr. Sionle YEO is the MD of SG Ghana.

 

 

 

 

 

 

 

 

 

 

Stanbic Bank

In 2014, the bank reported that its profits hit 108 million Ghana cedis . This represented almost 90 percent jump in that of 2012.

The bank’s income from interest earning businesses increased to 302 million Ghana cedis under the same period.

As at January 2016, the bank’s base rate was 28.50%.

The bank has 34 branches across the country.

www.stanbicbank.com.gh

Alhassan Andani is MD for Stanbic Bank

Alhassan Andani is MD for Stanbic Bank

 

 

 

 

 

 

 

 

 

 

Standard Chartered Bank

Standard Chartered Bank Ghana Limited has been in operation since 1896, when it was known as the Bank of British West Africa.

It has the highest priced stock on the exchange.

With a current network of 27 branches and 56 ATMs across Ghana.

In 2014, the banks total assets grew 17% to GHS3.5 billion, with customer deposits and loans recording 24% and 13% growth respectively.

Operating income increased 24% from GHS420.1 million to GHS521.7 million.

The banks Stated Capital is GH(¢) 52,541,000 Ordinary Shares, (9,090,000 Preference, total is 61,631,000)

As at January 2016, the bank’s base rate was 32.56%.

Mr. Kweku Bedu-Addo is the MD of Stanchart Ghana

Mr. Kweku Bedu-Addo is the MD of Stanchart Ghana

 

 

 

 

 

 

 

 

 

 

The Royal Bank

The Royal Bank was incorporated on July 15, 2011.

In 2014, the bank recorded a loss after tax of Ghs5.2m as against a profit of Ghs9.3m in 2013.

Interest Income, made up of interest on loans and advances, investment securities and placements with other banks recorded Ghs68.5m as against Interest Expense of Ghs43.5m.

This implies that while interest income grew by only 63.9%, interest expense grew by 358.3% as a result of the increase in the cost of funds.

This led to Interest Expense to Interest Income ratio rising from 22.7% in 2013 to 64% in 2014.

The industry average at the end of 2014 was about 34%.

Fees and Commission increased from Ghs1.6m to Ghs8.3m, Other Operating Income made up of Forex Trading and Net Exchange Gain brought in only Ghs7.1m, up from Ghs5.1m.

Total Operating Income grew by only 3.8% in 2014 from the Ghs38.9m achieved in 2013. Operating Expenses increased from Ghs25.8 million to Ghs47.0m.

Mr. Robert Kow Bentil is the MD of Royal Bank

Mr. Robert Kow Bentil is the MD of Royal Bank

 

 

 

 

 

 

 

 

 

 

uniBank Ghana

uniBank (Ghana) Limited was incorporated as a private company in December 1997 to operate as a bank. It is a wholly owned Ghanaian bank.

The bank’s Customer Deposits increased by 28.48% from 2012 figure of GHS 694.5 million to GHS 892.3 million in 2013.

Total Asset was GHS1,299 million in 3013, as against GHS 898.1 million in 2012.

In terms of profitability, the bank recorded GHS31.6 million as Pre-Tax Profit in 2013, a 46.30 % increase over 2012 figure of GHS21.6 million.

www.unibankghana.com

Mr. Felix Nyarko-Pong is the MD of uniBank

Mr. Felix Nyarko-Pong is the MD of uniBank

 

 

 

 

 

 

 

 

 

United Bank for Africa

United Bank for Africa (Ghana) Limited was initially incorporated and registered as Standard Trust Bank.

In December 2004, it was issued with a license to operate as a universal bank.

UBA commenced with an initial capitalization of US $10 million.

UBA (Ghana) is a subsidiary of United Bank for Africa (UBA) Plc, which is West Africa’s largest financial services group with assets in excess of US$14 billion.

The bank has a stated capital base of US $10,000,000.

As at January 2016, the bank’s base rate was 26.94%

UBA Ghana has 25 fully networked branches and 40 Visa enabled ATM’s spread across the country.

www.ubagroup.com/countries/gh

Mrs. Abiola Bawuah is the MD of UBA

Mrs. Abiola Bawuah is the MD of UBA

 

 

 

 

 

 

 

 

 

 

Universal Merchant Bank

Universal Merchant Bank (UMB) opened its door to the public on 15th March 1972.

The bank has 28 branches nationwide.

As at January 2016, the bank’s base rate  was 31.00%.

www.myumbbank.com

Mr. John Awuah is MD of UMB

Mr. John Awuah is MD of UMB

 

 

 

 

 

 

 

 

 

 

UT Bank

UT Bank Ghana Limited commenced business as a Finance house in 1997 and evolved from a lending company to a Universal Bank.

In the bank’s 2014,  interest income increased from GH¢ 189million to GH¢ 226million, representing a 20% growth.

Stated Capital of the bank is GHS85,275,000

As at January 2016, the bank’s base rate was 27.14%.

www.utbankghana.com 

Mr. Stephen Antwi-Asimeng is the MD of UT Bank

Mr. Stephen Antwi-Asimeng is the MD of UT Bank

 

 

 

 

 

 

 

 

 

 

 

Zenith Bank 

Zenith Bank (Ghana) Limited is a privately owned African bank incorporated in April 2005 under the Ghana Banking ACT 2004 (ACT 673) and a Subsidiary of Zenith Bank PLC.

The bank has 23 branches across the country.

The bank’s base rate as at March 2016 was at 29.98%.

As at 2015, the bank’s stated capital was 61,221496 million Ghana cedis.

www.zenithbank.com.gh

 

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