CAL Bank

CAL Bank
Type	Public
Traded as	GSE: CAL
Industry	Financial services
Founded	1990
Headquarters	23 Independence Avenue, Accra, Greater Accra, Ghana
Key people	Paarock VanPercy; Chairman[1]; Philip Owiredu; Managing Director[1]
Products	Loans, Checking, Savings, Investments, Debit cards, Mortgages
Revenue	Aftertax:GHS:153,216,000 (US$26.8 million) (2018)[2]
Total assets	GHS:5,419,299,000 (US$945 million) (2018)[2]
Website	Homepage

CAL Bank is a commercial bank in Ghana, that is licensed by the Bank of Ghana, the central bank and national banking regulator.[3]

Location

The headquarters of CAL Bank and its main branch are located at 23 Independence Avenue, in the central business district of Accra, the capital of Ghana.[4] The geographical coordinates of the bank's headquarters are:05°33'51.0"N, 0°11'44.0"W (Latitude:5.564167; Longitude:-0.195556).[5]

Overview

Founded in 1990, CalBank is a large financial services retail bank that serves the banking needs of large corporations, high networth individuals, non-governmental organisations, regular customers and small and medium enterprises. As of December 2018, the bank's assets totaled GHS:5,419,299,000 (US$945 million), with shareholders' equity of GHS:764,572,000 (US$133.7 million).[2]

Ownership

The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL. As of December 2018, the stock ownership of the bank is reflected in the table below:[2]

CAL Bank Stock Ownership
Rank	Name of Owner	Percentage Ownership
1	Social Security and National Insurance Trust	33.19
2	Arise BV	27.69
3	Public	16.62
4	AIF Clients 8 Percent Account	3.61
5	Frank Brako Adu Jnr.	2.57
6	Daniel Ofori	2.45
7	Allan Gray Africa, Ex-South Africa Equity Fund Limited	2.18
8	Kuwait Investment Authority	1.43
9	Frontier Market Opportunity Mast Fund	1.42
10	Enterprise Life Association Company Policy Holders	1.28
11	KAPFRG INVESTIN PRO, AFRIKANSK	1.05
12	Enterprise Tier 2 Occupational Pension Scheme	1.03
13	Robeco Afrika Fonds NV	0.86
14	SSB Eaton Vance Tax Managed Emerging Market Fund	0.80
15	Enterprise Underwriters Tier 3 P4	0.69
16	ECG Pension Scheme Tier 3 Port 1	0.65
17	EDC Ghana Balanced Fund Limited	0.54
18	Stanbic Nominee AC Centum Exotics	0.54
19	Gentrust Sankofa Master Trust Scheme	0.49
20	Benjamin Fosu Ansah	0.47
21	HSBC Bank Plc RE: Mckinley Capital Measa Foeic Limited	0.44
	Total	100.00

Directors

CalBank is governed by a 10-person Board of Directors of whom two are Executive Directors and eight are non-executive. The Chairman of the Board is Paarock A. Vanpercy, one of the non-executive directors.[1][6]

Executive Management

Philip Owiredu is the Managing Director of CalBank. He is a Fellow of Chartered Certified Accountants (FCCA). Prior to becoming the Managing Director at CalBank, he held several managerial positions at the bank including: (a) Financial Controller (b) Chief Financial Officer and (c) Executive Director. Before joining CAL Bank Owiredu served as Senior Manager at KPMG Ghana.[1][7]

The Executive Block, Head Office, Accra

References

Magdalene Teiko Larnyoh (10 January 2020). "Cal Bank announces new CEO and four other appointments". Accra: Ghana Pulse. Retrieved 27 March 2020.
CAL Bank Limited (27 February 2019). "CAL Bank Annual Report and Financial Statement for the Year Ended 31 December 2018" (PDF). Accra: CAL Bank Limited. Retrieved 27 March 2020.
Bank of Ghana (March 2020). "List of Registered Commercial Banks in Ghana". Accra: Bank of Ghana. Retrieved 27 March 2020.
Favour Adeaga (March 2019). "Cal Bank Branches In Accra And Contacts: Cal Bank Head Office: 23 Independence Avenue, Accra, Ghana". Accra: Yen.com.gh. Retrieved 27 March 2020.
Google (27 March 2020). "Location of the Headquarters of CAL Bank Ghana Limited" (Map). Google Maps. Google. Retrieved 27 March 2020.
CAL Bank Limited (January 2020). "CAL Bank Board of Directors". Accra: CAL Bank Limited. Retrieved 27 March 2020.
CAL Bank Limited (January 2020). "he Bord of CAL Bank Limited: Philip Owiredu, Managing Director". Accra: CAL Bank Limited. Retrieved 27 March 2020.

External links

CAL Bank Homepage

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[1R-1] Magdalene Teiko Larnyoh (10 January 2020). "Cal Bank announces new CEO and four other appointments". Accra: Ghana Pulse. Retrieved 27 March 2020.

[2R-2] CAL Bank Limited (27 February 2019). "CAL Bank Annual Report and Financial Statement for the Year Ended 31 December 2018" (PDF). Accra: CAL Bank Limited. Retrieved 27 March 2020.

[3R-3] Bank of Ghana (March 2020). "List of Registered Commercial Banks in Ghana". Accra: Bank of Ghana. Retrieved 27 March 2020.

[4R-4] Favour Adeaga (March 2019). "Cal Bank Branches In Accra And Contacts: Cal Bank Head Office: 23 Independence Avenue, Accra, Ghana". Accra: Yen.com.gh. Retrieved 27 March 2020.

[5R-5] Google (27 March 2020). "Location of the Headquarters of CAL Bank Ghana Limited" (Map). Google Maps. Google. Retrieved 27 March 2020.

[6R-6] CAL Bank Limited (January 2020). "CAL Bank Board of Directors". Accra: CAL Bank Limited. Retrieved 27 March 2020.

[7R-7] CAL Bank Limited (January 2020). "he Bord of CAL Bank Limited: Philip Owiredu, Managing Director". Accra: CAL Bank Limited. Retrieved 27 March 2020.