Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in
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 ...
.
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 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 ...
# 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 p ...
# Tamale Office - 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 ...
# 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 District and the Western Region of Ghana. Sekondi-Takoradi is the region's largest city as well as ...
# 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
References
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Financial services companies of Ghana
Ghanaian companies established in 1997