CalBank

Last updated

CalBank
Company type Public
GSE: CAL
Industry Financial services
FoundedJuly 1990;34 years ago (July 1990)
Headquarters23 Independence Avenue, North Ridge, Accra, Ghana
Key people
Joe Rexford Mensah
Chairman [1]
Carl Selasi Asem
Managing Director [1]
ProductsLoans, checking, savings, investments, debit cards, mortgages
RevenueIncrease2.svgAftertax: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.net

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

Contents

Location

The headquarters of CalBank and its main branch are located at 23 Independence Avenue, in North Ridge in the central business district of Greater 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
1 Social Security and National Insurance Trust 33.18
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
NamePosition
Joe Rexford MensahChairman
Carl Selasi AsemActing Managing Director
Helen NankaniNon-Executive Director
Kofi Osafo-MaafoNon-Executive Director
Nana Otuo AcheampongNon-Executive Director
Richard ArkutuNon-Executive Director
Ben Gustave BarthNon-Executive Director
Solomon AsamoahNon-Executive Director
Kweku Baa Yoku KorsahNon-Executive Director
Dr. Cynthia Ayodele ForsonNon-Executive Director

Executive management

Carl Selasi Asem is the Acting Managing Director of CalBank. He is an Associate Member of the Ghana Institute of Engineers (GhIE). Prior to becoming the acting managing director at CalBank, he was the deputy managing director at the bank. Before joining CalBank, Carl Asem served as the managing director at Ecobank Gambia bringing over 17 years of expertise in marketing, sales, and business development. During his tenure, Ecobank Gambia achieved significant industry milestones and won multiple awards. Mr. Asem holds a Bachelor of Science in Chemical Engineering and has pursued executive education at Columbia Business School and the Harvard Kennedy School. [1] [9]

See also

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References

  1. 1 2 3 4 Magdalene Teiko Larnyoh (10 January 2020). "Cal Bank announces new CEO and four other appointments". Accra: Ghana Pulse. Retrieved 27 March 2020.
  2. 1 2 3 4 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. ↑ "Location of the Headquarters of CAL Bank Ghana Limited" (Map). Google Maps . 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 (February 2024). "The Board of CAL Bank Limited: Carl Asem, Acting Managing Director". Accra: CAL Bank Limited. Retrieved 13 February 2024.

05°33′51″N00°11′44″W / 5.56417°N 0.19556°W / 5.56417; -0.19556

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