Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
.
History
The firm was incorporated in 1997. In 2006, 49% shareholding in AmalSec was purchased by Meekly Enterprises of Nigeria. Meeky is also a major shareholder in
Oceanic Group De Banco, one of Nigeria's leading financial services providers. In 2007, the total asset valuation of AmalSec was estimated at US$136 million. In June 2009, it was reported in the online Ghanaian publication "Public Agenda" that the total assets of AmalSec had doubled in 2008. It is therefore estimated that the total assets of the securities firm, as of June 2009, is approximately US$272 million.
Acquisition by Banner of Africa Group
In April 2011, majority shareholding (60%) in AmalSec was acquired by the banner of
Bank Of Africa Group (B.O.A). AmalSec then went under the umbrella of the parent company
Bank Of Africa Ghana Limited (B.O.A)
Branch Network
As of May 2011, the bank has nineteen (19) branches and one agency in the following locations:
# Head Office - Farrar Avenue,
# Kumasi Office - 24 February Road,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
# Maamobi Office - Nima Highway, Accra
# New Town Office - Hill Street Intersection, New Town
# Central Accra Office - Ollivant Arcade, Accra
# Ridge Office - Kanda Highway Extension, Accra
# Michel Camp Road Office - Aseidua Plaza,
Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most popul ...
# Tamale Office - Daboya Street,
Tamale
A tamale, in Spanish tamal, is a traditional Mesoamerican dish made of masa, a dough made from nixtamalized corn, which is steamed in a corn husk or banana leaf. The wrapping can either be discarded prior to eating or used as a plate. Tamale ...
# Osu Office - Cantonments Road,
Osu
# Takoradi Office - Market Circle,
Takoradi
Sekondi-Takoradi is a city in Ghana comprising the twin cities of Sekondi and Takoradi. It is the capital of Sekondi – Takoradi Metropolitan Assembly and the Western Region of Ghana. Sekondi-Takoradi is the region's largest city and an indus ...
# Kwashieman Office - Motorway Extension, Accra
# East Legon Office - Lagos Avenue, Accra
# Spintex Business office
# Adum Business office
# Tema Business Office
# Dansoman Business Office
# Madina Business Office
# Abossey Okai Business Office
# Sokoban Agency, Kumasi
See also
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References
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Financial services companies of Ghana
Ghanaian companies established in 1997