First Capital Plus Bank

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First Capital Plus Bank
Industry Financial Services
Founded 2009
Headquarters Accra, Ghana
Key people
William Ato Essien
Dr. Mensa Otabil
John Kofi Mensah
Products Loans, Savings, Checking, Investments, speed banking
Revenue Increase
Total assets US$140million (GHS:286.80+ million) (2013)
Number of employees

First Capital Plus Bank, normally abbreviated to FCP, is an indigenous commercial Ghanaian bank.[2] It is one of the commercial banks licensed by Bank of Ghana, the national banking regulator.[3][4] It is one of the few wholly owned Ghanaian banks.


First Capital Plus (FCP) was founded by William Ato Essien on 29 October 2009 as a microfinance company.[5][6] As the asserts of the company grew, it became a Savings and Loans Company known as First Capital Plus Saving and Loans Company.[2] In 2010 the microfinance grew its deposit base to 36.06 million cedis and total asset size of 47.18 million cedis.[3][7] In 2013 First Capital Plus had deposit base of 211.11 million cedis and total assets of 286.80million cedis.[7] The Bank of Ghana states that FCP has a market share of 16% of the advances of savings and loans companies and 19% of the sector total assets. The Bank currently employs 355 and has 15 branches covering five regions.The company grew its base deposit and asserts from its inception till 2013 when it applied and was awarded a provisional universal banking licence in July, 2012. After the six month provisional period, the bank was given a full license on 4 December 2013 and became officially known as First Capital Plus Bank.[3][7]


The bank offers mainstream banking services which include cash deposits and withdrawals, savings and loans and financial advise consultation.[8] In 2011 it introduced a cash deposit service known as SpeedBanking. The service allows bank customers to deposit cash into their bank accounts at their convenience through their mobile phones without physically being present in any bank branch.[9]

Board of Directors[edit]



First Capital Plus Bank is headquartered in the Capital Plaza on the Spintex Road.[3] The bank as at December 2013 has fifteen operational branches in five regions of Ghana.[2][3]


Ghana Premier League Logo

On 4 February 2014, First Capital Plus Bank became the headline sponsor of the Ghana Premier League.[11] This sponsorship agreement between the bank and the Ghana Football Association is a five-year deal worth ten million dollars.[12] The deal was hailed by Elvis Afriyie Ankrah, Minister of Youth and Sports of Ghana and was considered timely as the Ghanaian league had been without a title sponsor for over four months. The bank per the agreement will pay the Ghana Football Association two million dollars per year until 2019.[13] The first payment of five hundred thousand dollars was made on 5 February 2014.[14]



  1. ^ [1]
  2. ^ a b c "About us". Retrieved 5 February 2014. 
  3. ^ a b c d e "First Capital Plus begins commercial banking operations". Retrieved 5 February 2014. 
  4. ^ List of Licensed Commercial Banks In Ghana
  5. ^ "First Capital Plus". Retrieved 5 February 2014. 
  6. ^ "First Capital Plus Savings and Loans now a bank". Retrieved 5 February 2014. 
  7. ^ a b c "First Capital Plus to start universal banking". Retrieved 5 February 2014. 
  8. ^ "Products and services". Retrieved 5 February 2014. 
  9. ^ "First Capital Plus". Retrieved 5 February 2014. 
  10. ^
  11. ^ "First Capital Plus rescues Premier League with $10million sponsorship". Retrieved 5 February 2014. 
  12. ^ "Sports Minister hails First Capital Plus Bank for sponsoring Premier League". Retrieved 5 February 2014. 
  13. ^ "First Capital Plus Bank signs up for $10m as league sponsor". Retrieved 5 February 2014. 
  14. ^ "First Capital Plus makes first payment to Ghana League". Retrieved 5 February 2014.