Republic Bank Ghana Limited

Commercial bank in Ghana

Republic Bank (Ghana) PLCCompany type| Public: Subsidiary of Republic Bank Group

|

Traded as

| GSE: RBGH
Industry| Financial services
Founded| May 7, 1990; 34 years ago (1990-05-07)
Headquarters| Accra, Ghana

Key people

| David Addo Ashong
Ag. Board Chairman
Benjamin Dzoboku
Managing Director & CEO[1]
Products| Loans, Checking, Savings, Investments, Debit Cards
Revenue| Aftertax:GHS:18,006,000 (US$3.13 million) (Q1:2020)[2]
Total assets| GHS:3.377 billion (US$586.5 million) (Q1:2020)[2]
Website| Homepage

Republic Bank (Ghana) PLC 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.[3]

## Location

[edit]

The headquarters of the bank are located at 48A, Sixth Avenue, North Ridge, Accra, Ghana.[4] The geographical coordinates of the bank's headquarters are: 05°34'09.0"N, 0°11'40.0"W (Latitude:5.569167; Longitude:-0.194444).[5]

## Overview

[edit]

As of March 2020[update], Republic Bank (Ghana) PLC was a medium-sized financial services provider in Ghana, with total assets valued at GHS:3.377 billion (US$586.5 million) and shareholders' equity valued at GHS:574,616,000 (approximately US$99.8 million).[2]

## Republic Bank (Ghana) PLC

[edit]

Republic Bank (Ghana) PLC is a component and subsidiary of the Republic Bank Group, with headquarters in Trinidad and Tobago, with banking subsidiaries in Barbados, Cayman Islands, Ghana, Grenada, Guyana, Suriname and Trinidad and Tobago. As of 31 January, the group's holding company, Republic Financial Holdings Limited, had total assets of US$98.4 billion.[6]

## History

[edit]

The bank was incorporated on 7 May 1990 as a private limited liability company. It was first licensed as a mortgage financing institution. It commenced business on 2 December 1991. On 1 August 1994, Bank of Ghana licensed the company, then called Housing Finance Company Ghana Limited, as a non-bank financial institution. Universal banking status was received on 17 November 2003, from Bank of Ghana.[7]

The institution was listed on the Ghana Stock Exchange on 17 March 1995.[8] On 13 May 2015, the bank, then HFC Bank received regulatory approval to become a subsidiary of Republic Financial Holdings Limited and become a member of the Republic Bank Group.[7]

## Ownership

[edit]

As of September 2020, the bank's stock is owned by the following corporate entities and individuals:[9]

Republic Bank Ghana Stock Ownership Rank | Name of Owner | Percentage Ownership

|
|

1 | Republic Financial Holdings Limited |

66.54

2 | Social Security and National Insurance Trust |

25.87

3 | Ghana Union Assurance Company Limited |

4.97

4 | SCGN/Ghana International Bank Plc |

1.08

5 | Other Investors |

1.54

| T o t a l |

100.00

## Branch Network

[edit]

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:[10]

1. Head Office \- Sixth Avenue, North Ridge, Accra
2. Ebankese Branch - Sixth Avenue, North Ridge, Accra
3. Accra Central Branch - Kwame Nkrumah Avenue, Accra
4. Ridge Branch - 6 Sixth Avenue, West Ridge, Accra
5. Tema Branch - Asafoatse Kotei Commercial Complex, Tema
6. Legon Branch - Noguchi Road, University of Ghana, Legon
7. Kumasi Branch - 571 Asomfo Road, Kumasi
8. HFC Investment Services Limited - 6 Sixth Avenue, West Ridge, Accra
9. Tudu Branch - St. Francis Building, Kinbu Road, Tudu
10. Abossey Okai Branch
11. Techiman Branch
12. HFC Realty Limited
13. Agbogbloshie Branch - Old Fadama Road
14. Tamale Branch - 8 Daboya Street, Tamale
15. KNUST Kumasi Branch - KNUST Commercial Area, Kumasi
16. Koforidua Branch
17. Baatsona Branch - Spintex Road
18. Ashaiman Branch
19. Takoradi Branch - Market Circle
20. Kasoa Branch
21. Post Office Square Branch
22. Adabraka Branch
23. Suame Branch - Suame Magazine
24. Swedru Branch
25. Cape Coast Branch - Tantri
26. Winneba Branch
27. Asamankese Branch
28. Dansoman Branch

## See also

[edit]

* List of financial institutions in Ghana
* Ghana Stock Exchange

* Banks portal

## References

[edit]

1. ^ The Vaultz Magazine (27 October 2019). "Profile of Mr Benjamin Dzoboku, Managing Director, Republic Bank Ghana". Accra: The Vaultz Magazine. Retrieved 2 September 2020.
2. ^ a b c Republic Bank Ghana. "Financial Statement For The Three Months Period Ended 31 March 2020" (PDF). Accra: Republic Bank Ghana. Retrieved 2 September 2020.
3. ^ Bank of Ghana (2 September 2020). "Registered Banks in Ghana". Accra: Bank of Ghana. Retrieved 2 September 2020.
4. ^ Ghana Stock Exchange (2 September 2020). "Registered Office of Republic Bank Ghana Limited". Accra: Ghana Stock Exchange. Retrieved 2 September 2020.
5. ^ "Location of the Headquarters of Republic Bank Ghana" (Map). Google Maps. Retrieved 2 September 2020.
6. ^ Republic Bank (6 May 2020). "RFHL Records $543.3 Million In Half Year Profits". Republic Bank. Port-of-Spain, Trinidad. Retrieved 2 September 2020.
7. ^ a b Republic Bank Ghana (2 September 2020). "History of Republic Bank Ghana Limited". Accra: Republic Bank Ghana Limited. Retrieved 2 September 2020.
8. ^ Ghana Stock Exchange (2 September 2020). "Date of Listing of Republic Bank Ghana Limited". Accra: Ghana Stock Exchange. Retrieved 2 September 2020.
9. ^ Republic Bank Ghana (2 September 2020). "Shareholding In The Stock of Republic Bank Ghana Limited". Accra: Republic Bank Ghana Limited. Retrieved 2 September 2020.
10. ^ Republic Bank Ghana (2 September 2020). "Branch List of Republic Bank Ghana Limited". Accra: Republic Bank Ghana Limited. Retrieved 2 September 2020.

## External links

[edit]

* Official Website

* v
* t
* e

Economy of Ghana

Currency: Ghanaian cedi

Banking|

| Retail / savings|

* Absa Bank Ghana Limited
* Access Bank Ghana Limited
* Agricultural Development Bank of Ghana
* Bank of Africa Ghana Limited
* CalBank
* Consolidated Bank Ghana
* Databank Group
* Ecobank Ghana
* FBN Bank Ghana Limited
* Fidelity Bank Ghana
* First Atlantic Bank
* First National Bank Ghana
* GCB Bank Limited
* Guaranty Trust Bank Ghana
* National Investment Bank
* OmniBSIC Bank Ghana Limited
* Prudential Bank Limited
* Republic Bank Ghana Limited
* Société Générale Ghana Limited
* Stanbic Bank Ghana Limited
* Standard Chartered Bank Ghana
* UBA Ghana Limited
* Universal Merchant Bank
* Zenith Bank Ghana

|

Savings and loan|

* ABii National
* Savings and Loans Company

Insurance|

* Enterprise Group
* SIC Insurance Company

Communications|

* Communications
* New media
* Electricity
* Transportation
* Water supply and sanitation
* Water privatization

Industries|

* Companies
* Agriculture
* Cocoa
* Salt
* Healthcare
* Manufacturing
* Mining
* Petroleum
* Tourism

Trade unions|

* Ghana Federation of Labour
* Trades Union Congress of Ghana

Ports|

* Takoradi Harbour
* Tema Harbour

* Ghana templates
* Ghana topics

05°34′09″N 00°11′40″W﻿ / ﻿5.56917°N 0.19444°W﻿ / 5.56917; -0.19444
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template