CalBank

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CalBank
Company type Public
GSE: CAL
Industry Financial services
FoundedJuly 1990;35 years ago (July 1990)
Headquarters23 Independence Avenue, North Ridge, Accra, Ghana
Key people
Daniel Nii Kwei-Kumah Sackey
(chairman) [1]
Carl Selasi Asem
(managing director) [1]
ProductsLoans, checking, savings, investments, debit cards, mortgages
RevenueIncrease2.svg Aftertax:GHS:267,720,000 (2024) [2]
Total assets GHS:11,688,797,000 (2024) [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 2024, the bank's assets totaled GHS:11,688,797,000, with shareholders' equity of GHS:272,564,000. [2] [6]

Ownership

The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL. As of December 2024, 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 55.65
2Arise B.V.16.03
3Scgn/Jpmse Lux Re Robeco Afrika Fonds N.V.2.29
4Scgn/Citibank Kuwait Inv Authority1.88
5Apotica Limited Company,1.84
6Hfcn/ Glico Pensions Re: Cidan Investments Ltd1.66
7Adu Jnr, Frank Brako1.56
8Ofori, Daniel1.42
9Scgn/Enterprise Tier 2 Occupational Pension Scheme1.19
10Hfcn/ Ssnit Staff 2Nd Tier Occupational Pension Sc1.13
11Ofori, Daniel0.84
12Scgn/Citibank New York Re Allan Gray Africa, Ex - Sa Equity Fund Limited0.77
13Ges Occ Pension - Databank Financial Services0.66
14Scgn/Scb Difc Ac Fi.Br.Group Ac Double Di.Div.Fd.L0.63
15Gentrust Sankofa Master Trust Scheme, Gentrust Sankofa Master Trust Scheme0.38
16Ansah, Benjamin Fosu0.37
17Enterprise Tier 2 Occupational Pension Scheme0.37
18Scgn / Enterprise Life Ass. Co. Policy Holders/ E.L.A.C.P.H.0.35
19Hosi, Senyo Kwasi0.29
20Addison, Eugene Samuel0.24
21Others10.4
Total100.00

Directors

CalBank is governed by a board of directors, of whom two are executive directors and three are non-executive. The chairman of the board is Daniel Nii Kwei-Kumah Sackey, one of the non-executive directors. [1] [7] [8]

Board of directors
NamePosition
Daniel Nii Kwei-Kumah SackeyChairman
Carl Selasi AsemManaging director
Johnson Delali OwareDeputy managing director
Kwadwo Brantuo MpeaniNon-executive director
Yvonne Ofosu-AppiahNon-executive director
Gerrit MullerNon-executive director

Executive management

Carl Selasi Asem is the managing director of CalBank. He is an associate member of the Ghana Institute of Engineers. Prior to becoming the acting managing director at CalBank, he was the deputy managing director at the bank. He previously served as the managing director at Ecobank Gambia bringing over 17 years in marketing, sales, and business development. 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]

CalBank PLC has appointed Johnson Oware as its deputy managing director, effective January 20, 2025. Oware, with over 20 years in banking, will oversee the bank's corporate, commercial, and retail operations. He previously served as Head of Corporate Banking at Ecobank Ghana. Oware holds a BSc in Administration, an MBA in Finance, and a Diploma in Public-Private Partnership. CalBank's board chairman expressed confidence in his ability to support the bank's growth and strategic goals. [10]

See also

References

  1. 1 2 3 4 "CalBank PLC appoints Daniel Nii Kwei-Kumah as new board chairman". Accra: Ghana Pulse. 4 April 2025. Retrieved 4 April 2025.
  2. 1 2 3 4 "CalBank Annual Report For The Year Ending 31 December 2024" (PDF). Accra: CalBank. 5 February 2025. Retrieved 5 February 2025.
  3. ↑ "List of Registered Commercial Banks in Ghana". Accra: Bank of Ghana. March 2020. 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 2024" (PDF). CalBank. Retrieved 2 May 2024.
  7. ↑ "CalBank Board of Directors". Accra: CalBank PLC. April 2025. Retrieved 4 April 2025.
  8. ↑ "CalBank PLC appoints Daniel Nii Kwei-Kumah as new board chairman" (Quoting Joy Business). Joy Business. 2 July 2020. Retrieved 4 April 2025.
  9. ↑ "The Board of CalBank PLC: Carl Asem, Managing Director". Accra: CAL Bank Limited. February 2024. Retrieved 13 February 2024.
  10. ↑ "CalBank appoints Johnson Oware as Deputy MD". www.myjoyonline.com. 17 January 2025. Retrieved 19 January 2025.

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

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