Societe Generale Ghana Limited (SG) is a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

that is based 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 ...

, previously known as ''Société Générale - Social Security Bank'' (SG-SSB). The bank is part of the

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

banking group. The bank is based in Accra and its stock is listed on the

Ghana Stock Exchange The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities (from 37 companies) and 2 corporate bonds. All types of securiti ...

. It is a component of the

GSE All-Share Index The principal stock index of the Ghana Stock Exchange or GSE is the GSE Composite Index. It was introduced in 2011 with a base value of 1000 points. This index is calculated from the values of each of the market's listings. Market listings Pr ...

. According to its website it is the 7th largest bank in Ghana and has 45 networked branches in Ghana.

History

SG began in 1975 as "Security Guarantee Trust Limited" and the next year changed its name to "Social Security Bank Limited", or "SSB". In 1994, SSB and the "National Savings and Credit Bank" merged under a

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

program. The next year, the government of Ghana divested its 21% share of the bank and it was converted to a public limited liability company and subsequently listed on the

. In 2004, the bank rebranded as SG-SSB after Societe Generale acquired a 51% controlling interest in the institution. and in 2013 rebranded as SG to conform with the group name

Overview

According to its website, the bank is the 5th largest commercial bank in Ghana by assets, as of December 2011. , the bank's total assets were valued at approximately US$423.4 million (GHS:685.9 million), with shareholders' equity of approximately US$71.9 million (GHS:116.2+ million). The bank markets the "Sika" program including the SIKA Card, a

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

and the Sikatext Initiative Program. The bank is actively investing in

internet banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial insti ...

Société Générale Group

The bank is one of the

subsidiaries. Out of these, seventeen (17) are in

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

, in the countries of:

Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...

Benin Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the nort ...

Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to ...

Cameroon Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the C ...

, Chad, Côte d’Ivoire,

Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Medit ...

, Guinea, Equatorial Guinea,

Madagascar Madagascar (; mg, Madagasikara, ), officially the Republic of Madagascar ( mg, Repoblikan'i Madagasikara, links=no, ; french: République de Madagascar), is an island country in the Indian Ocean, approximately off the coast of East Africa ...

, Mauritania,

Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria t ...

Senegal Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤭 (Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤭 ...

South African Republic The South African Republic ( nl, Zuid-Afrikaansche Republiek, abbreviated ZAR; af, Suid-Afrikaanse Republiek), also known as the Transvaal Republic, was an independent Boer Republic in Southern Africa which existed from 1852 to 1902, when it ...

, and

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Ownership

The bank's stock is listed on the

and is traded under the symbol: SG-SSB. Major shareholders in the bank include the following corporate entities and individuals:

Branches

, SG-SSB maintains a network of thirty-eight branches in all regions of Ghana.Location of Branches of SG-SSB
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Greater Accra region

*Accra New Town (Branch) *Ashaiman ( Branch) *Faanofa (Branch) *Kasoa (Branch) *Kaneshie Main (Branch) *Spintex Road (Branch) *Osu (Branch) *East Legon (Branch) *Lotteries (Agency) *Pig Farm Spot Bank (Agency) *North Industrial Area (Branch) *Accra Main (Branch) *Okaishie (Branch) *Premier Towers (Branch) *Ring Road Central (Branch) *Tema Main Comm 2 (Branch) *Tema Fishing Harbour (Branch) *Tema Motorway Spot Bank (Agency) *Tudu (Branch) *Madina (Branch) *Dansoman )(BRANCH) * Achimota (BRANCH)

Ashanti region

*Adum (Branch) *Asafo (Branch) *Kumasi Central (Branch) *Suame (Branch) *Tepa (Agency) *Kejetia (Branch)

Brong-Aharfo region

*Berekum (Branch) *Sunyani (Branch)

Central region

*Cape Coast (Branch) *Dunkwa (Branch)

Eastern region

*Akim Oda (Branch) *Koforidua (Branch)

Northern region

*Tamale (Branch)

Upper east region

*Bolgatanga (Branch)

Volta region

*Ho (Branch)

Western region

*Adabokrom (Agency) *Bibiani (Branch) *Takoradi (Branch) *Akontombra (Agency) * *Tarkwa (Branch)

References

External links

SG-SSB HomepageResearch on SG-SSB from Gold Coast Securities in Ghana, in PDF formatProfile at AlacrastoreThe 20 Major Shareholders In SG-SSB
{{DEFAULTSORT:Sg-Ssb Banks of Ghana Companies listed on the Ghana Stock Exchange Banks established in 1975 Société Générale 1975 establishments in Ghana