CAL Bank

CAL Bank

Type	Public
Traded as	GSE: CAL
Industry	Financial services
Founded	1990
Headquarters	23 Independence Avenue, Accra, Greater Accra, Ghana
Key people	Paarock A Vanpercy Chairman Frank Brako Adu Jnr Managing Director[1]
Products	Loans, Checking, Savings, Investments, Debit cards, Mortgages
Revenue	Aftertax:GHS 143.151 million (2014)
Total assets	GHS: 2,715.392 million (2014)
Number of employees	737 (2014) [2]
Website	Homepage

CAL Bank is a commercial bank in Ghana involved primarily in meeting the banking needs of small, medium and large corporations. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.^[3]

Overview

Founded in 1990, CAL Bank is rated as "one of the most innovative banks in Ghana", according to its website.^[4] As of December 2010, the bank's total assets were valued at about US$266 million (GHS:510 million), with shareholders' equity of approximately US$41 million (GHS:79 million).^[5]

Ownership

The stock of CAL Bank is traded on the Ghana Stock Exchange under the symbol CAL.^[6] As of December 2010, the stock ownership of the bank is reflected in the table below:^[7]

CAL Bank Stock Ownership

Rank	Name of Owner	Percentage Ownership
1	Public	39.84
2	SSNIT	33.47
3	Afare Donkor	8.36
4	Daniel Ofori	5.47256
5	Vanguard Assurance Company Limited	3.98
6	SCBN\ Barclays Mauritius RE: Kura Africa Fund	3.32
7	Frank Adu Jnr.	3.02
8	SCBN\ SSB Eaton Vance Tax-Managed Emerging Market Fund	1.33
9	Frontier Market Select Fund	1.11
10	Stanchart Mauritius RE: Deut Africa Opportunities Fund	1.10
	Total	100.00

Branch Network

CAL Bank is headquartered in Accra, at 23 Independence Avenue. As of September 2013, the bank operates 22 networked branches at the following locations:^[8]

1. Kejetia Branch - Prempeh, Kumasi
2. KNUST Branch - Hospital Road, Kumasi
3. Nhyiaeso Branch - Old Bekwai Road, Kumasi
4. Suame Branch - Suame, Kumasi
5. Asafo Branch - Asafo, Kumasi
6. Derby Avenue Branch - Derby Avenue, Accra
7. Graphic Road Branch - Graphic Road, Accra
8. Head Office & Main Branch - Independence Avenue, Accra
9. Ring Road Branch - Ring Road West, Accra
10. Ring Road Central Branch - Ring Road, Accra
11. Spintex Road Branch - Spintex Road, Accra
12. Legon Branch - Legon, Accra
13. Achimota Branch - Achimota, Accra
14. Tema Community one Branch, Tema
15. Tema Industrial Area Branch, Tema
16. Weija Branch - Dunkonaa Estate, Weija
17. Takoradi Harbor Branch - Takoradi Harbor, Takoradi
18. Takoradi Market Branch - Takoradi Market Circle, Takoradi
19. Tarkwa Branch, Tarkwa
20. Tema Community 25 Branch, Tema
21. Osu Branch, Accra
22. West Hills Mall Branch, Accra
23. Dansoman Branch, Accra
24. Airport City Branch, Accra

Directors

CAL Bank is governed by a nine-person Board of Directors of whom two are Executive Directors and seven are non-executive. The Chairman of the Board is Paarock A. Vanpercy, one of the non-executive directors.^[9]

Executive Management

Frank Brako Adu Jnr is the Managing Director of CAL Bank. There are thirty six other managers with whom the Managing Director supervises the day-to-day activities of the bank. Frank Adu Jnr. is a graduate of the University of Ghana. He holds a bachelor's degree (BSc) in Geography and a Master of Business Administration (MBA). Prior to becoming the Managing Director at CAL Bank, he has held several managerial positions at the bank including: (a) Deputy Managing Director (b) Bank Treasurer and (c) Credit and Relations Banking Officer.

The Executive Block, Head Office (Accra Ridge)

See also

• List of banks in Ghana
• Economy of Ghana

References

1. Frank Adu Jnr is Managing Director of CAL Bank
2. Annual Report 2014
3. List of Licensed Commercial Banks in Ghana
4. About CAL Bank
5. Audited December 2010 Financial Report
6. CAL Bank Stock Is Listed On The Ghana Stock Exchange
7. List of Major Shareholders In CAL Bank Asof December 2010
8. CAL Bank Limited 2014 Investor & Analyst Presentation
9. CAL Bank Board of Directors

External links

• CAL Bank Homepage
• CAL Bank Stock Quote at Ghanastocks.net