Republic Bank Ghana Limited

From Wikipedia, the free encyclopedia
  (Redirected from Home Finance Company)
Jump to navigation Jump to search

Republic Bank Ghana Limited
Public
Traded asGSE: RBGH
IndustryFinancial Services
FoundedMay 7, 1990; 30 years ago (1990-05-07)
HeadquartersAccra, Ghana
Key people
Charles William Zwennes
Chairman
Farid Antar
Managing Director & CEO[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncreaseAftertax:GHS:18,006,000 (US$3.13 million) (Q1:2020)[2]
Total assetsGHS:3.377 billion (US$586.5 million) (Q1:2020)[2]
WebsiteHomepage

Republic Bank Ghana Limited, formerly HFC Bank, 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, Republic Bank 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 Group[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]

References[edit]

  1. ^ The Vaultz Magazine (27 October 2019). "Profile of Mr Farid Antar, CEO 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. ^ Google (2 September 2020). "Location of the Headquarters of Republic Bank Ghana" (Map). Google Maps. Google. Retrieved 2 September 2020.
  6. ^ Republic Bank (6 May 2020). "RFHL Records $543.3 Million In Half Year Profits". Port-of-Spain, Trinidad: Republic Bank. 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]

Coordinates: 05°34′09″N 00°11′40″W / 5.56917°N 0.19444°W / 5.56917; -0.19444