CalBank

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

CalBank
TypePublic
GSE: CAL
IndustryFinancial services
FoundedJuly 1990 (July 1990)
Headquarters23 Independence Avenue, Accra, Ghana
Key people
Joe Rexford Mensah
Chairman[1]
Philip Owiredu
Managing Director[1]
ProductsLoans, checking, savings, investments, debit cards, mortgages
RevenueIncreaseAftertax:GHS:213,803,000 (US$36.9 million) (2020)[2]
Total assetsGHS:7,924,586,000 (US$1.370 billion) (2020)[2]
Websitewww.calbank.net

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, the stock ownership of the bank is reflected in the table below:[2]

CalBank Stock Ownership
RankName of OwnerPercentage Ownership
1Social Security and National Insurance Trust33.18
2Arise B.V.27.69
3Others15.52
4Scgn/Citibank New York Allan Gray Africa, Ex-South Africa Equity Fund Limited4.02
5Frank Brako Adu Jnr.2.62
6Scgn/Citibank Kuwait Investment Authority2.49
7Daniel Ofori2.45
8Ofori, Daniel1.44
9Scgn/Enterprise Life Ass. Co. Policy Holders1.28
10Scgn/Ntgs Se Lux CI A/C Re Ludp Re: Aif CI 8% Acc,1.18
11Std Noms/ Bnym Re Frontier Market Opport Mast Fun1.14
12Scgn/ Enterprise Tier 2 Occupational Pension Scheme1.12
13Scgn/ Jpmorgan Bk Lux Sa Re Robeco Afrika Fonds N.V.0.86
14Std Noms/Bnym Sanv/Kapfrg Investin Pro, Afrikansk0.84
15Scgn/Ssb Eaton Vance Tax-, Managed Emerging Market Fund0.80
16Egh/ Enterprise Underwriters Tier 3 P40.69
17Benjamin Fosu Ansah0.64
18Egh, Ecg Pension Scheme Tier 3 Port 10.64
19Gentrust Sankofa Master Truest Scheme0.49
20Hfcn/ Edc Ghana Balanced Fund Limited0.48
21Senyo Kwasi Hosi0.43
Total100.00

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]

Board Of Directors
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
  1. Magdalene Teiko Larnyoh (10 January 2020). "Cal Bank announces new CEO and four other appointments". Accra: Ghana Pulse. Retrieved 27 March 2020.
  2. CAL Bank (6 April 2021). "CAL Bank Annual Report For The Year Ending 31 December 2020". Accra: CAL Bank. Retrieved 11 May 2021.
  3. Bank of Ghana (March 2020). "List of Registered Commercial Banks in Ghana". Accra: Bank of Ghana. Retrieved 27 March 2020.
  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.
  5. Google (27 March 2020). "Location of the Headquarters of CAL Bank Ghana Limited" (Map). Google Maps. Google. Retrieved 27 March 2020.
  6. "CalBank Announces Its Audited Full Year Results for 2020". CalBank. Retrieved 11 May 2021.
  7. CAL Bank Limited (July 2020). "CAL Bank Board of Directors". Accra: CAL Bank Limited. Retrieved 7 July 2020.
  8. Magdalene Teiko Larnyoh (2 July 2020). "CalBank appoints Joe Mensah as Board Chairman" (Quoting Pulse Ghana). Pulse Live Kenya. Retrieved 7 July 2020.
  9. CAL Bank Limited (July 2020). "The Board of CAL Bank Limited: Philip Owiredu, Managing Director". Accra: CAL Bank Limited. Retrieved 7 July 2020.

05°33′51″N 00°11′44″W

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