Republic Bank Ghana Limited is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

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 ...

. It is one of the commercial banks licensed by the

Bank of Ghana The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion History The Central Ban ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator.

Location

The headquarters of the bank are located at 48A, Sixth Avenue, North Ridge,

Accra Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...

, Ghana. 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).

Overview

, 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).

Republic Bank Group

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 Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estimate). ...

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the ...

Grenada Grenada ( ; Grenadian Creole French: ) is an island country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Pe ...

Guyana Guyana ( or ), officially the Cooperative Republic of Guyana, is a country on the northern mainland of South America. Guyana is an indigenous word which means "Land of Many Waters". The capital city is Georgetown. Guyana is bordered by the ...

Suriname Suriname (; srn, Sranankondre or ), officially the Republic of Suriname ( nl, Republiek Suriname , srn, Ripolik fu Sranan), is a country on the northeastern Atlantic coast of South America. It is bordered by the Atlantic Ocean to the north ...

and

Trinidad and Tobago Trinidad and Tobago (, ), officially the Republic of Trinidad and Tobago, is the southernmost island country in the Caribbean. Consisting of the main islands Trinidad and Tobago, and numerous much smaller islands, it is situated south of ...

. As of 31 January, the group's holding company, Republic Financial Holdings Limited, had total assets of US$98.4 billion.

History

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. The institution was listed on the Ghana Stock Exchange on 17 March 1995. 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.

Ownership

As of September 2020, the bank's

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

is owned by the following corporate entities and individuals:

Branch Network

Republic Bank has its headquarters in

, the capital city of

. The branches of the bank and its subsidiary companies include the following locations: # Head Office - Sixth Avenue, North Ridge,

# Ebankese Branch - Sixth Avenue, North Ridge, Accra # Accra Central Branch - Kwame Nkrumah Avenue, Accra # Ridge Branch - 6 Sixth Avenue, West Ridge, Accra # Tema Branch - Asafoatse Kotei Commercial Complex,

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 ...

# Legon Branch - Noguchi Road, University of Ghana,

Legon Legon , a suburb of the Ghanaian city Accra, is situated about north-east of the city center in the Accra Metropolis District, a district in the Greater Accra Region of Ghana. Legon is home to the main campus of the University of Ghana. Ghanaia ...

# Kumasi Branch - 571 Asomfo 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 ...

# HFC Investment Services Limited - 6 Sixth Avenue, West Ridge, Accra # Tudu Branch - St. Francis Building, Kinbu Road, Tudu # Abossey Okai Branch # Techiman Branch # HFC Realty Limited # Agbogbloshie Branch - Old Fadama Road # Tamale Branch - 8 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 ...

# KNUST Kumasi Branch - KNUST Commercial Area,

# Koforidua Branch # Baatsona Branch - Spintex Road # Ashaiman Branch # Takoradi Branch - Market Circle # Kasoa Branch # Post Office Square Branch # Adabraka Branch # Suame Branch - Suame Magazine # Swedru Branch # Cape Coast Branch - Tantri # Winneba Branch # Asamankese Branch # Dansoman Branch

References

External links

Official Website
{{coord, 05, 34, 09, N, 00, 11, 40, W, display=title Banks of Ghana Companies based in Accra Ghanaian companies established in 1990 Banks established in 1990 Companies listed on the Ghana Stock Exchange