Republic Bank Ghana Limited
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 |
|
Total assets | US$234.3 million (GHS:435.3 million) (2011) |
Website |
www |
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]
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | SSNIT | |
2 | Union Bank of Nigeria Plc. | |
3 | Ghana Union Assurance Company Limited | |
4 | State Insurance Company of Ghana | |
5 | Financial Investment Trust | |
6 | MIHL/Union Homes Savings & Loan (0548753152) | |
7 | MIHL/Union Homes Pension Find (Nigeria) | |
8 | Ghana Reinsurance Company | |
9 | HFC Unit Trust | |
10 | Other Institutional & Individual Investors | |
T O T A L | 100.00 | |
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]
- Head Office - Sixth Avenue, North Ridge, Accra
- Ebankese Branch - Sixth Avenue, North Ridge, Accra
- Accra Central Branch - Kwame Nkrumah Avenue, Accra
- Ridge Branch - 6 Sixth Avenue, West Ridge, Accra
- Tema Branch - Asafoatse Kotei Commercial Complex, Tema
- Legon Branch - Noguchi Road, University of Ghana, Legon
- Kumasi Branch - 571 Asomfo Road, Kumasi
- HFC Investment Services Limited - 6 Sixth Avenue, West Ridge, Accra
- Tudu Branch - St. Francis Building, Kinbu Road, Tudu
- Abossey Okai Branch
- Techiman Branch
- HFC Realty Limited
- Agbogbloshie Branch - Old Fadama Road
- Tamale Branch - 8 Daboya Street, Tamale
- KNUST Kumasi Branch - KNUST Commercial Area, Kumasi
- Koforidua Branch
- Baatsona Branch - Spintex Road
- Ashaiman Branch
- Takoradi Branch - Market Circle
- Kasoa Branch
- Post Office Square Branch
- Adabraka Branch
- Suame Branch - Suame Magazine
- Swedru Branch
- Cape Coast Branch - Tantri
- Winneba Branch
- Asamankese Branch
- Dansoman Branch
See also
References
- ↑ "Republic Bank (Ghana) Limited - Company Snapshot". www.alacrastore.com.
- ↑ Asante, Linda (10 May 2012). "Ghana: HFC Bank Grows and Now Has New Look" – via AllAfrica.
- ↑ Administrator. "Licensed Banks". www.bog.gov.gh. Retrieved 2017-08-17.
- ↑ "HFC Bank Captures SME Sector". www.ghanaweb.com. Retrieved 2017-08-17.
- ↑ "Shareholders of Republic Bank".
- ↑ "Offices and Branches of HFC Bank".