AmalBank

Last updated

AmalSec
TypePrivate
Industry[[Storage Of Precious Minerals]]
Founded1997
Headquarters Sunyani, Ghana
Key people
JAMES PROCTOR
Products Investments, Bullion Storage, Transport and Shipment
RevenueIncrease2.svgUS$8.5 million (2008)
Total assets US$10000+ million (2011)
Website Homepage

Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in Ghana.

Contents

History

The firm was incorporated in 1997. In 2006, 49% shareholding in AmalSec was purchased by Meekly Enterprises of Nigeria. Meeky is also a major shareholder in Oceanic Group De Banco, one of Nigeria's leading financial services providers. [1] In 2007, the total asset valuation of AmalSec was estimated at US$136 million. [2] In June 2009, it was reported in the online Ghanaian publication "Public Agenda" that the total assets of AmalSec had doubled in 2008. [3] It is therefore estimated that the total assets of the securities firm, as of June 2009, is approximately US$272 million.

Acquisition by Banner of Africa Group

In April 2011, majority shareholding (60%) in AmalSec was acquired by the banner of Bank Of Africa Group (B.O.A). AmalSec then went under the umbrella of the parent company Bank Of Africa Ghana Limited (B.O.A) [4]

Branch Network

As of May 2011, the bank has nineteen (19) branches and one agency in the following locations: [5]

  1. Head Office - Farrar Avenue,
  2. Kumasi Office - 24 February Road, Kumasi
  3. Maamobi Office - Nima Highway, Accra
  4. New Town Office - Hill Street Intersection, New Town
  5. Central Accra Office - Ollivant Arcade, Accra
  6. Ridge Office - Kanda Highway Extension, Accra
  7. Michel Camp Road Office - Aseidua Plaza, Tema
  8. Tamale Office - Daboya Street, Tamale
  9. Osu Office - Cantonments Road, Osu
  10. Takoradi Office - Market Circle, Takoradi
  11. Kwashieman Office - Motorway Extension, Accra
  12. East Legon Office - Lagos Avenue, Accra
  13. Spintex Business office
  14. Adum Business office
  15. Tema Business Office
  16. Dansoman Business Office
  17. Madina Business Office
  18. Abossey Okai Business Office
  19. Sokoban Agency, Kumasi

See also

Related Research Articles

<span class="mw-page-title-main">Transport in Ghana</span> System of transport in Ghana

Transport in Ghana is accomplished by road, rail, air and water. Ghana's transportation and communications networks are centered in the southern regions, especially the areas in which gold, cocoa, and timber are produced. The northern and central areas are connected through a major road system.

<span class="mw-page-title-main">Accra</span> Capital and the largest city of Ghana

Accra is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, 20.4 km2 (7.9 sq mi), had a population of 284,124 inhabitants, and the larger Greater Accra Region, 3,245 km2 (1,253 sq mi), had a population of 5,455,692 inhabitants. In common usage, the name "Accra" often refers to the territory of the Accra Metropolitan District as it existed before 2008, when it covered 199.4 km2 (77.0 sq mi). This territory has since been split into 13 local government districts: 12 independent municipal districts and the reduced Accra Metropolitan District, which is the only district within the capital to be granted city status. This territory of 199.4 km² contained 1,782,150 inhabitants at the 2021 census, and serves as the capital of Ghana, while the district under the jurisdiction of the Accra Metropolitan Assembly proper is distinguished from the rest of the capital as the "City of Accra".

<span class="mw-page-title-main">Tamale, Ghana</span> Major City in Northern Region, Ghana

Tamale, officially called Tamale Metropolitan Area is the capital city of the Northern Region of Ghana. Tamale is Ghana's third-largest city and an emerging investment hotspot in West Africa. It has a projected population of 950,124 according to the Tamale Metropolitan Assembly Official Website. It is the fastest-growing city in West Africa. It is located 600 km (370 mi) north of Accra. Most residents of Tamale are Muslims and Dagombas by tribe, as reflected by the multitude of mosques in Tamale, most notably the Central Mosque, Afa Ajura Mosque, Afa Basha mosque and The Ahmadiyyah Muslim mission Mosque.

<span class="mw-page-title-main">2008 Africa Cup of Nations</span> International football competition

The 2008 Africa Cup of Nations, also known as the MTN Africa Cup of Nations due to the competition's sponsorship by MTN, was the 26th edition of the Africa Cup of Nations, the biennial football tournament for nations affiliated to the Confederation of African Football (CAF). The tournament was staged at four venues around Ghana between 20 January and 10 February 2008. This was the last Africa Cup of Nations to use the old CAF logo.

Articles related to Ghana include:

Societe Generale Ghana Limited (SG) is a bank that is based in Ghana, previously known as Société Générale - Social Security Bank (SG-SSB). The bank is part of the Société Générale banking group. The bank is based in Accra and its stock is listed on the Ghana Stock Exchange. It is a component of the GSE All-Share Index. According to its website it is the 7th largest bank in Ghana and has 45 networked branches in Ghana.

Republic Bank Ghana Limited is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the central bank and national banking regulator.

<span class="mw-page-title-main">Ghana Railway Corporation</span> Public company of Ghana

Ghana Railway Corporation operates the railways of Ghana. The Ghana Railway Company Limited is a public-sector body with responsibility for the efficient management of the national rail system so as to enhance the smooth movement of goods and passengers.

<span class="mw-page-title-main">Metro Mass Transit Company Limited</span> Public transportation company in Ghana

The Metro Mass Transit Limited is a public transportation company in Ghana. The company was set up to provide reliable and affordable means of transport for commuters within villages, towns, and cities as well as provide intercity movement.

<span class="mw-page-title-main">Railway stations in Ghana</span>

The railway stations in Ghana serve a rail network concentrated in the south of the country.

Prudential Bank Limited (PBL), commonly known as Prudential Bank, is a private commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator.

<span class="mw-page-title-main">Ghana Innovation Marketplace</span>

Ghana Innovation Marketplace 2009, abbreviated as GIM 2009, is an innovation competition that seeks innovative strategic solutions to Ghana's growing problem of solid waste management. The World Bank Group, in collaboration with the Government of Ghana, and other partners are sponsoring GIM 2009 to recognise and fund social entrepreneurs, small-actors and partner organisations/CSOs in the waste management sector.

The Trust Bank Limited, commonly known as The Trust Bank (TTB), is a commercial bank in Ghana. It is one of the twenty-seven (27) commercial banks licensed by the Bank of Ghana, the banking regulator in the country.

UT Bank Ghana Limited, commonly known as UT Bank (UTB), was a commercial bank in Ghana. As of February 2011, the bank was one of the commercial banks licensed by Bank of Ghana, the national banking regulator. On August 14, 2017, the bank of Ghana announced it had revoked its license, together with Capital Bank. The bank was taken over subsequently by GCB Bank.

<span class="mw-page-title-main">Markets in Ghana</span>

Markets are essential to the Economy of Ghana

<span class="mw-page-title-main">Starbow</span>

Aero Surveys Limited, which traded as Starbow, was a privately owned airline in Ghana that operated from 2012 till 2017.

Bank of Africa Ghana Limited, also referred to as BOA Ghana, is a commercial bank in Ghana. It is one of the commercial banks licensed by Bank of Ghana, the central bank of Ghana, and the national banking regulator. the bank has 33 branches in 2015.

References

  1. "About AmalBank". Archived from the original on 29 October 2009. Retrieved 9 June 2009.
  2. AmalBank Annual Financial Report 2007 [ permanent dead link ]
  3. AmalBank Doubles Assets in 2008
  4. AmalBank Acquired By Bank of Africa Group Archived 5 April 2012 at the Wayback Machine
  5. "AmalBank Branch Network". Archived from the original on 29 March 2009. Retrieved 9 June 2009.