Type Public Industry Financial services Founded 1990 | Traded as GSE: CAL Headquarters Accra, Ghana Number of employees 737 (2014) | |
 | ||
Key people Paarock A Vanpercy
Chairman
Frank Brako Adu Jnr
Managing Director Products Loans, Checking, Savings, Investments, Debit cards, Mortgages Revenue Aftertax:GHS 143.151 million (2014) Subsidiaries Cal Asset Management Ltd., CAL Bank Nominees Limited, CAL Brokers Limited, Cal Investments Limited Profiles | ||
Ghana tv commercial cal bank may 2010
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.
Contents
Overview
Founded in 1990, CAL Bank is rated as "one of the most innovative banks in Ghana", according to its website. 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).
Ownership
The stock of CAL Bank is traded on the Ghana Stock Exchange under the symbol CAL. As of December 2010, the stock ownership of the bank is reflected in the table below:
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:
- Kejetia Branch - Prempeh, Kumasi
- KNUST Branch - Hospital Road, Kumasi
- Nhyiaeso Branch - Old Bekwai Road, Kumasi
- Suame Branch - Suame, Kumasi
- Asafo Branch - Asafo, Kumasi
- Derby Avenue Branch - Derby Avenue, Accra
- Graphic Road Branch - Graphic Road, Accra
- Head Office & Main Branch - Independence Avenue, Accra
- Ring Road Branch - Ring Road West, Accra
- Ring Road Central Branch - Ring Road, Accra
- Spintex Road Branch - Spintex Road, Accra
- Legon Branch - Legon, Accra
- Achimota Branch - Achimota, Accra
- Tema Community one Branch, Tema
- Tema Industrial Area Branch, Tema
- Weija Branch - Dunkonaa Estate, Weija
- Takoradi Harbor Branch - Takoradi Harbor, Takoradi
- Takoradi Market Branch - Takoradi Market Circle, Takoradi
- Tarkwa Branch, Tarkwa
- Tema Community 25 Branch, Tema
- Osu Branch, Accra
- West Hills Mall Branch, Accra
- Dansoman Branch, Accra
- 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.
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.