Republic Bank (Ghana) PLC is a

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

Ghana Ghana, officially the Republic of Ghana, is a country in West Africa. It is situated along the Gulf of Guinea and the Atlantic Ocean to the south, and shares borders with Côte d’Ivoire to the west, Burkina Faso to the north, and Togo to t ...

. It is one of the commercial banks licensed by the Bank of Ghana, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator.

Location

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

Accra Accra (; or ''Gaga''; ; Ewe: Gɛ; ) 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, , had a population of ...

, 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 (Ghana) PLC 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 (Ghana) PLC

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, officially the Republic of Barbados, is an island country in the Atlantic Ocean. It is part of the Lesser Antilles of the West Indies and the easternmost island of the Caribbean region. It lies on the boundary of the South American ...

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

Grenada Grenada is an island country of the West Indies in the eastern Caribbean Sea. The southernmost of the Windward Islands, Grenada is directly south of Saint Vincent and the Grenadines and about north of Trinidad and Tobago, Trinidad and the So ...

Guyana Guyana, officially the Co-operative Republic of Guyana, is a country on the northern coast of South America, part of the historic British West Indies. entry "Guyana" Georgetown, Guyana, Georgetown is the capital of Guyana and is also the co ...

Suriname Suriname, officially the Republic of Suriname, is a country in northern South America, also considered as part of the Caribbean and the West Indies. It is a developing country with a Human Development Index, high level of human development; i ...

and

Trinidad and Tobago Trinidad and Tobago, officially the Republic of Trinidad and Tobago, is the southernmost island country in the Caribbean, comprising the main islands of Trinidad and Tobago, along with several List of islands of Trinidad and Tobago, smaller i ...

. 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 Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

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 # 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 Ayawaso West Municipal District, a district in the Greater Accra Region of Ghana. Legon is home to the main campus of the University of Ghana. ...

# Kumasi Branch - 571 Asomfo Road,

Kumasi Kumasi is a city and the capital of the Kumasi Metropolitan Assembly and the Ashanti Region of Ghana. It is the second largest city in the country, with a population of 443,981 as of the 2021 census. Kumasi is located in a rain forest region ...

# 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 language, Spanish , is a traditional Mesoamerican dish made of ''masa'', a dough made from nixtamalization, nixtamalized maize, corn, which is steaming, steamed in a corn husk or Banana leaf, banana leaves. The wrapping ...

# 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 Companies in the GSE Composite Index