Republic Bank Ghana Limited

Republic Bank (Ghana) Limited

Type	Public
Traded as	GSE: HFC[1]
Industry	Financial Services
Founded	1990
Headquarters	Accra, Ghana
Key people	Anthony Jordan Managing Director[2]
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	Aftertax:
Total assets	US$234.3 million (GHS:435.3 million) (2011)
Website	www.republicghana.com

Republic Bank Ghana Limited, formerly HFC Bank, is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.^[3]

Overview

Republic Bank provides mortgage financing, commercial banking, investment banking and wealth management services. Regulatory approval is still pending for the bank to split into for divisions:

• Banking Division
• Investment Management Division
• Private Equity Division
• Real Estate Division

As of December 2011, Republic Bank was a medium-sized financial services provider in Ghana, with total assets valued at about US$234.3 million (GHS:435.3 million), and shareholders' equity valued at about US$53.8 million (GHS:100 million).^[4]

History

The bank was created in 1990 as a shell company within Universal Merchant Bank (Ghana). In 1994 HFC Bank became a publicly traded company. In 1995 it became listed on the Ghana Stock Exchange. The stock of the bank is a component of the exchange's GSE All-Share Index. According to the bank's website, the bank issued the Ghana Stock Exchange's first-ever corporate bond, in 1996.

Ownership

As of December 2003, the bank's stock is owned by the following corporate entities and individuals:^[5]

Branch Network

Republic Bank has its headquarters in Accra, the capital city of Ghana. The branches of the bank and its subsidiary companies include the following locations:^[6]

1. Head Office - Sixth Avenue, North Ridge, Accra
2. Ebankese Branch - Sixth Avenue, North Ridge, Accra
3. Accra Central Branch - Kwame Nkrumah Avenue, Accra
4. Ridge Branch - 6 Sixth Avenue, West Ridge, Accra
5. Tema Branch - Asafoatse Kotei Commercial Complex, Tema
6. Legon Branch - Noguchi Road, University of Ghana, Legon
7. Kumasi Branch - 571 Asomfo Road, Kumasi
8. HFC Investment Services Limited - 6 Sixth Avenue, West Ridge, Accra
9. Tudu Branch - St. Francis Building, Kinbu Road, Tudu
10. Abossey Okai Branch
11. Techiman Branch
12. HFC Realty Limited
13. Agbogbloshie Branch - Old Fadama Road
14. Tamale Branch - 8 Daboya Street, Tamale
15. KNUST Kumasi Branch - KNUST Commercial Area, Kumasi
16. Koforidua Branch
17. Baatsona Branch - Spintex Road
18. Ashaiman Branch
19. Takoradi Branch - Market Circle
20. Kasoa Branch
21. Post Office Square Branch
22. Adabraka Branch
23. Suame Branch - Suame Magazine
24. Swedru Branch
25. Cape Coast Branch - Tantri
26. Winneba Branch
27. Asamankese Branch
28. Dansoman Branch

See also

• List of banks in Ghana
• Ghana Stock Exchange

References