CalBank
Company type | Public |
---|---|
GSE: CAL | |
Industry | Financial services |
Founded | July 1990 |
Headquarters | 23 Independence Avenue, Accra, Ghana |
Key people | Joe Rexford Mensah Chairman[1] Philip Owiredu Managing Director[1] |
Products | Loans, checking, savings, investments, debit cards, mortgages |
Revenue | Aftertax:GHS:213,803,000 (US$36.9 million) (2020)[2] |
Total assets | GHS:7,924,586,000 (US$1.370 billion) (2020)[2] |
Website | www |
CalBank 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 CalBank 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 net worth individuals, non-governmental organisations, regular customers and small and medium enterprises. As of December 2020, the bank's assets totaled GHS:7,924,586,000 (US$1.370 billion), with shareholders' equity of GHS:1,132,772,000 (US$195 million).[2][6]
Ownership
The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL. As of December 2019[update], the stock ownership of the bank is reflected in the table below:[2]
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | Social Security and National Insurance Trust | 33.18 |
2 | Arise B.V. | 27.69 |
3 | Others | 15.52 |
4 | Scgn/Citibank New York Allan Gray Africa, Ex-South Africa Equity Fund Limited | 4.02 |
5 | Frank Brako Adu Jnr. | 2.62 |
6 | Scgn/Citibank Kuwait Investment Authority | 2.49 |
7 | Daniel Ofori | 2.45 |
8 | Ofori, Daniel | 1.44 |
9 | Scgn/Enterprise Life Ass. Co. Policy Holders | 1.28 |
10 | Scgn/Ntgs Se Lux CI A/C Re Ludp Re: Aif CI 8% Acc, | 1.18 |
11 | Std Noms/ Bnym Re Frontier Market Opport Mast Fun | 1.14 |
12 | Scgn/ Enterprise Tier 2 Occupational Pension Scheme | 1.12 |
13 | Scgn/ Jpmorgan Bk Lux Sa Re Robeco Afrika Fonds N.V. | 0.86 |
14 | Std Noms/Bnym Sanv/Kapfrg Investin Pro, Afrikansk | 0.84 |
15 | Scgn/Ssb Eaton Vance Tax-, Managed Emerging Market Fund | 0.80 |
16 | Egh/ Enterprise Underwriters Tier 3 P4 | 0.69 |
17 | Benjamin Fosu Ansah | 0.64 |
18 | Egh, Ecg Pension Scheme Tier 3 Port 1 | 0.64 |
19 | Gentrust Sankofa Master Truest Scheme | 0.49 |
20 | Hfcn/ Edc Ghana Balanced Fund Limited | 0.48 |
21 | Senyo Kwasi Hosi | 0.43 |
Total | 100.00 |
Directors
CalBank is governed by a board of directors, of whom one is an executive director and nine are non-executive. The chairman of the board is Joe Mensah, one of the non-executive directors.[1][7][8]
Name | Position |
---|---|
Joe Rexford Mensah | Chairman |
Philip Owiredu | Managing Director |
Helen Nankani | Non-Executive Director |
Rosalind Nana Emela Kainyah | Non-Executive Director |
Kofi Osafo-Maafo | Non-Executive Director |
Nana Otuo Acheampong | Non-Executive Director |
Richard Arkutu | Non-Executive Director |
Ben Gustave Barth | Non-Executive Director |
Solomon Asamoah | Non-Executive Director |
Kweku Baa Yoku Korsah | Non-Executive Director |
Dr. Cynthia Ayodele Forson | Non-Executive Director |
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 CalBank, Owiredu served as senior manager at KPMG Ghana.[1][9]
See also
References
- ^ a b c d Magdalene Teiko Larnyoh (10 January 2020). "Cal Bank announces new CEO and four other appointments". Accra: Ghana Pulse. Retrieved 27 March 2020.
- ^ a b c d CAL Bank (6 April 2021). "CAL Bank Annual Report For The Year Ending 31 December 2020". Accra: CAL Bank. Retrieved 11 May 2021.
- ^ 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.
- ^ "CalBank Announces Its Audited Full Year Results for 2020". CalBank. Retrieved 11 May 2021.
- ^ CAL Bank Limited (July 2020). "CAL Bank Board of Directors". Accra: CAL Bank Limited. Retrieved 7 July 2020.
- ^ Magdalene Teiko Larnyoh (2 July 2020). "CalBank appoints Joe Mensah as Board Chairman" (Quoting Pulse Ghana). Pulse Live Kenya. Retrieved 7 July 2020.
- ^ CAL Bank Limited (July 2020). "The Board of CAL Bank Limited: Philip Owiredu, Managing Director". Accra: CAL Bank Limited. Retrieved 7 July 2020.
External links