OmniBSIC Bank Ghana Limited is a commercial bank 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 ...

that is 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 Bank ...

, the central bank and national banking regulator. It was created by the merger of the erstwhile ''Omni Bank Ghana Limited'' and ''BSIC Ghana Bank Limited''.

Location

The headquarters of the bank and its main branch, are located at Atlantic Tower,

Airport City An airport city is the “inside the fence” airport area of a large airport, including the airport (terminals, apron, and runways) and on-airport businesses such as air cargo, logistics, offices, retail, and hotels. The airport city is at the ...

, in

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's capital. As of April 2020, the geographical coordinates of OmniBSIC Bank's headquarters are:05°36'31.0"N, 0°12'31.0"W (Latitude:5.608611; Longitude:-0.208611).

Overview

OmniBSIC Bank Ghana Limited is a retail bank that serves large corporations,

small and medium enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

, individuals and

non-governmental organisation A non-governmental organization (NGO) or non-governmental organisation (see American and British English spelling differences#-ise, -ize (-isation, -ization), spelling differences) is an organization that generally is formed independent from g ...

s in Ghana. As of March 2019, the bank's total assets were GHS:1.22 billion (approx. US$215 million), with shareholders' equity of in excess of GHS:400 million (approx. US$70 million). At that time, the bank served over 125,000 customers at 46 brick-and mortar branches and employed 614 permanent staff members.

History

In September 2017, the Bank of Ghana directed all universal banks in Ghana to raise their minimum capital reserves from GHS:120 million (US$22.8 million) to GHS:400 million (US$73.4 million). Institutions that couldn't raise the funds internally or from shareholders, could (a) merge (b) exit the Ghanaian banking business (Bank of Baroda (Ghana)) (c) downsize to a savings and loan institution or (c) consolidate (

Consolidated Bank Ghana Consolidated Bank Ghana (CBG) is a commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator. Location The headquarters and main branch of the bank are located on the First Floor, Manet Tow ...

). OmniBank Ghana and Sahel Sahara Bank (BSIC) decided to merge to form OmniBSIC Bank Ghana Limited, effective 4 March 2020.

Branches

The bank's headquarters are located at: C9/14 Olusegun Obasanjo Way, Dzorwulu, Accra. The bank maintains a networked chain of 46 branches in major urban areas of the country.

Governance

Simeon Patrick Kyei is the chairman of the board of directors. Daniel Asiedu serves as the chief executive officer of the bank.

References

External links

Official Website
{{coord, 05, 36, 31, N, 00, 12, 31, W, display=title Banks of Ghana Accra Banks established in 2020 Ghanaian companies established in 2020