title: CalBank
text: # CalBank
  
  CalBank is a commercial bank in Ghana, that is
  
  licensed by the Bank of Ghana, the central bank and national banking regulator.
  
  ## Location
  
  The headquarters of CalBank and its main branch are located at 23 Independence Avenue, in the central business district of Accra, the capital of Ghana. The geographical coordinates of the bank's headquarters are:05°33'51.0"N, 0°11'44.0"W (Latitude:5.564167; Longitude:-0.195556).
  
  ## Overview
  
  Founded in 1990, CalBank is a large financial services retail bank that serves the banking needs of large corporations, high net worth individuals, non-governmental organisations, regular customers and small and medium enterprises. As of December 2020, the bank's assets totaled GHS:7,924,586,000 (US$1.370 billion), with shareholders' equity of GHS:1,132,772,000 (US$195 million).
  
  ## Ownership
  
  The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL. As of December 2019, the stock ownership of the bank is reflected in the table below:
  
  CalBank Stock Ownership :
  
  | Rank | Name of Owner | Percentage Ownership |
  | - | - | - |
  | 1 | Social Security and National Insurance Trust | 33.18 |
  | 2 | Arise B.V. | 27.69 |
  | 3 | Others | 15.52 |
  | 4 | Scgn/Citibank New York Allan Gray Africa, Ex-South Africa Equity Fund Limited | 4.02 |
  | 5 | Frank Brako Adu Jnr. | 2.62 |
  | 6 | Scgn/Citibank Kuwait Investment Authority | 2.49 |
  | 7 | Daniel Ofori | 2.45 |
  | 8 | Ofori, Daniel | 1.44 |
  | 9 | Scgn/Enterprise Life Ass. Co. Policy Holders | 1.28 |
  | 10 | Scgn/Ntgs Se Lux CI A/C Re Ludp Re: Aif CI 8% Acc, | 1.18 |
  | 11 | Std Noms/ Bnym Re Frontier Market Opport Mast Fun | 1.14 |
  | 12 | Scgn/ Enterprise Tier 2 Occupational Pension Scheme | 1.12 |
  | 13 | Scgn/ Jpmorgan Bk Lux Sa Re Robeco Afrika Fonds N.V. | 0.86 |
  | 14 | Std Noms/Bnym Sanv/Kapfrg Investin Pro, Afrikansk | 0.84 |
  | 15 | Scgn/Ssb Eaton Vance Tax-, Managed Emerging Market Fund | 0.80 |
  | 16 | Egh/ Enterprise Underwriters Tier 3 P4 | 0.69 |
  | 17 | Benjamin Fosu Ansah | 0.64 |
  | 18 | Egh, Ecg Pension Scheme Tier 3 Port 1 | 0.64 |
  | 19 | Gentrust Sankofa Master Truest Scheme | 0.49 |
  | 20 | Hfcn/ Edc Ghana Balanced Fund Limited | 0.48 |
  | 21 | Senyo Kwasi Hosi | 0.43 |
  | | Total | 100.00 |
  
  ## Directors
  
  CalBank is governed by a board of directors, of whom one is an executive director and nine are non-executive. The chairman of the board is Joe Mensah, one of the non-executive directors.
  
  Board Of Directors :
  
  | Name | Position |
  | - | - |
  | Joe Rexford Mensah | Chairman |
  | Philip Owiredu | Managing Director |
  | Helen Nankani | Non-Executive Director |
  | Rosalind Nana Emela Kainyah | Non-Executive Director |
  | Kofi Osafo-Maafo | Non-Executive Director |
  | Nana Otuo Acheampong | Non-Executive Director |
  | Richard Arkutu | Non-Executive Director |
  | Ben Gustave Barth | Non-Executive Director |
  | Solomon Asamoah | Non-Executive Director |
  | Kweku Baa Yoku Korsah | Non-Executive Director |
  | Dr. Cynthia Ayodele Forson | Non-Executive Director |
  
  ## Executive management
  
  Philip Owiredu is the managing director of CalBank. He is a Fellow of Chartered Certified Accountants (FCCA). Prior to becoming the managing director at CalBank, he held several managerial positions at the bank, including: (a) financial controller (b) chief financial officer and (c) executive director. Before joining CalBank, Owiredu served as senior manager at KPMG Ghana.
  
  