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.
Video Republic Bank Ghana Limited
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).
Maps Republic Bank Ghana Limited
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:
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:
- 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
- List of banks in Ghana
- Ghana Stock Exchange
References
Source of the article : Wikipedia
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