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| Gh. Commercial Bank | National Investment Bank | Stanbic Bank | Zenith Bank |
Access Bank (Ghana) is a member of Access Bank Group, a large financial services provider headquartered in Lagos, Nigeria. Access Bank Group operates in West Africa, Central Africa and East Africa.
Agricultural Development Bank (ADB) – A state-owned development and commercial bank. The Government owns 52% of the shareholding. ADB was established in 1965 and is headquartered in Accra. At December 31, 2015, it had total assets of GHS 2.134 billion (US$540 million), customer deposits of GHS 1.514 billion (US$380 million), 78 branches and 1,235 employees.
ARB Apex Bank – A mini central bank in Ghana for the Rural/Community Banks. It was established on 4th January, 2000.
United Bank for Africa (Ghana) – A subsidiary of United Bank for Africa plc (UBA), which is located in Lagos, Nigeria.
Bank of Africa (Ghana) – A commercial bank offering a wide array of banking products and services including retail, corporate and SME banking. Bank of Africa (BOA) started operations in Ghana in 2011 after acquisition of majority interest in Amalgamated Bank (AmalBank). BOA Group’s main shareholder is Bank Maroccaine du Commerce Exterieur (BMCE Bank).
Bank of Baroda (Ghana) – A subsidiary of Bank of Baroda, one of the largest Indian banks. Bank of Baroda has been operating in Ghana since 2008. The company provides a wide range of financial services including retail banking, trade finance, SME financing, wholesale banking, remittances and NRI services.
Bank of Ghana (BOG) – The central bank of Ghana established on the 4th March 1957.
Barclays Bank of Ghana – The fifth largest bank in Ghana. It operates a network of nearly 60 branches and 155 ATMs throughout the country. As of December 2015, it had total assets of GHS 3.611 billion (US$910 million). Barclays Group has been operating in Ghana for over 98 years.
BSIC Ghana (Banque Sahélo-Saharienne pour I’Investissement et le Commerce) – Sahel-Saharan Bank for investment and Commerce in Ghana.
CAL Bank – A commercial bank in Ghana established in July 1990. It is considered to be one of the most innovative banks in the country. As of December 31, 2015, it had total assets of GHS 3.365 billion (US$850 million), total deposits of GHS 1.603 billion (US$400 million) and loans of GHS 1.805 billion (US$450 million).
Citibank N.A. Ghana – The US-based Citibank has a representative office in Ghana (Address: 25 Liberia Road, Accra, Ghana). Citibank has had a presence in Africa for over 50 years and operates in 16 countries including Algeria, Cameroon, Congo, Egypt, Gabon, Ghana, Ivory Coast, Kenya, Morocco, Nigeria, Senegal, Tanzania, Tunisia, Uganda, Zambia and South Africa.
Ecobank Ghana Ltd – The largest bank in Ghana by assets, deposits and loans. With over 1,500 employees, it provides retail, corporate and investment banking services through 77 branches across the country. As of December 31, 2015, Ecobank Ghana had total assets of GHS 6.692 billion (US$1.69 billion), customer deposits of GHS 4.838 billion (US$1.22 billion) and loans and advances to customers of GHS 3.118 billion (US$790 million).
Energy Bank Ghana Ltd – A commercial bank established on February 22, 2011. As of December 31, 2013, it had total assets of GHS 245.231 million (US$61.8 million) and customer deposits of GHS 92.618 million (US$23.3 million).
FBN Bank Ghana Ltd (formerly known as International Commercial Bank) – A subsidiary of First Bank of Nigeria Limited.
Fidelity Bank Ghana – The third largest bank in Ghana by assets. It was established in 2006 and is owned by Ghanaian and Foreign investors including ADB and SSNIT. At December 2015, Fidelity had total assets of GHS 4.089 billion (US$1.03 billion).
First Atlantic Merchant Bank (FAMB) – A commercial bank in Ghana. It was established on May 4, 1994 and is headquartered in Accra.
GCB Bank Ltd (formerly known as Ghana Commercial Bank) – The largest indigenous financial institution in the country. As of December 31, 2015, it had total assets of GHS 4.659 billion (US$1.17 billion), customer deposits of GHS 3.361 billion (US$850 million) and total equity of GHS 853.972 million (US$215 million). The Bank has the largest banking network in Ghana with over 160 branches and more than 250 ATMs.
Ghana International Bank plc (GHIB) was established in 1959 and is based in London, UK. The Central Bank of Ghana is the major shareholder (51%) of GHIB. (Website: www.ghanabank.co.uk)
Guaranty Trust Bank (Ghana) – A subsidiary of Guaranty Trust Bank plc, one of the foremost banks in Nigeria with assets of 3 trillion naira.
HFC Bank Ghana (formerly Home Finance Company) – A leading mortgage provider in Ghana with market share of more than 30%. It was incorporated in 1990 and operates as a subsidiary of Republic Bank Limited of Trinidad & Tobago, the leading bank in Caribbean region. As of December 2015, HFC had total assets of GHS 1.6 billion (US$400 million) and mortgage loans of GHS 239 million.
International Commercial Bank (Ghana) was a subsidiary of ICB Financial Group Holdings AG, a Swiss-based financial services company. In 2013, ICB Ghana was sold to First Bank of Nigeria (FBN).
National Investment Bank (NIB) – A universal bank focusing on development and commercial banking activities. As of December 31, 2015, it had total assets of GHS 2.72 billion, deposits of GHS 1.78 billion and loans of GHS 856 million. NIB operates over 50 branches nationwide.
Prudential Bank Ltd – One of the 32 licensed commercial banks in the country. It had approximately 40 branches and 2 agencies located in the Accra/Tema metropolis, Takoradi, Kumasi, Cape Coast, Tamale and Techiman. Prudential Bank established in 1993.
Societe Generale Ghana (formerly Societe Generale - Social Security Bank) – One of the largest banks in Ghana with total assets of GHS 2.615 billion, customer deposits of GHS 1.9 billion and over 40 branches nationwide as of June 30, 2017. The company operates as a subsidiary of Societe Generale Group.
Sovereign Bank Limited (SBL) provides a full range of banking products and services. It was granted a banking license in January 2016.
Stanbic Bank Ghana – The sixth largest bank in terms of total assets. It has 23 branches in 9 out of the 10 regions in Ghana. The company is a member of the Standard Bank Group, based in Johannesburg, South Africa.
Standard Chartered Bank Ghana – One of the oldest financial institutions in the country. It has been operating in Ghana since 1896. The Bank is a subsidiary of Standard Chartered plc, based in London, the United Kingdom.
The Royal Bank Limited (TRB) offers private banking, corporate banking, consumer banking and other services through approximately 30 branches.
The Trust Bank (TTB) was acquired by Ecobank Ghana Limited in 2011. The Trust Bank was established in 1996.
UniBank Ghana – A mid-sized financial services provider with total assets of GHS 3.831 billion (US$970 million), total deposits of GHS 2.728 billion (US$690 million) and loans of GHS 2.475 billion (US$620 million) as of December 2015. It was named Best Bank in Long-term Loan Finance at the 15th edition of the Ghana Banking Awards (August 2016).
Universal Merchant Bank (formerly Merchant Bank Ghana) – A universal bank in Ghana with 28 branches nationwide. As of December 2010, it had total assets of GHS 806.548 million.
UT Bank Ghana (formerly UT Financial Services Ltd) – A medium-sized financial institution with total assets of approximately GHS 2 billion (2016). UT Bank commenced business as a Finance house in 1997 under the name Unique Trust Financial Services.
Zenith Bank (Ghana) – A privately owned African bank established in 2005. It operates as a subsidiary of Zenith Bank plc, one of the largest banks in Nigeria. As of December 31, 2015, Zenith Bank Ghana had total assets of GHS 2.549 billion (US$640 million), customer deposits of GHS 2.045 billion (US$520 million) and customer loans of GHS 983.074 million (US$248 million).