CalBank

CalBank

CalBank's Head Office Tower located on the 23 Independence Avenue in Accra.
Company type	Public
Traded as	GSE: CAL
Industry	Financial services
Founded	July 1990; 34 years ago (July 1990)
Headquarters	23 Independence Avenue, North Ridge, Accra, Ghana
Key people	Joe Rexford Mensah Chairman[1] Carl Selasi Asem Managing Director[1]
Products	Loans, checking, savings, investments, debit cards, mortgages
Revenue	Aftertax:GHS:213,803,000 (US$36.9 million) (2020)[2]
Total assets	GHS:7,924,586,000 (US$1.370 billion) (2020)[2]
Website	www.calbank.net

CalBank is a commercial bank in Ghana, that is licensed by the Bank of Ghana, the central bank and national banking regulator.^[3]

The headquarters of CalBank and its main branch are located at 23 Independence Avenue, in North Ridge in the central business district of Greater Accra, the capital of Ghana.^[4] 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).^[5]

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).^[2][6]

The stock of CalBank is traded on the Ghana Stock Exchange under the symbol CAL. As of December 2019^[update], the stock ownership of the bank is reflected in the table below:^[2]

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.^[1][7][8]

Carl Selasi Asem is the Acting Managing Director of CalBank. He is an Associate Member of the Ghana Institute of Engineers (GhIE). Prior to becoming the acting managing director at CalBank, he was the deputy managing director at the bank. Before joining CalBank, Carl Asem served as the managing director at Ecobank Gambia bringing over 17 years of expertise in marketing, sales, and business development. During his tenure, Ecobank Gambia achieved significant industry milestones and won multiple awards. Mr. Asem holds a Bachelor of Science in Chemical Engineering and has pursued executive education at Columbia Business School and the Harvard Kennedy School.^[1][9]

CalBank PLC has appointed Johnson Oware as its Deputy Managing Director, effective January 20, 2025. Oware, with over 20 years of experience in banking, will oversee the bank’s corporate, commercial, and retail operations. He previously served as Head of Corporate Banking at Ecobank Ghana. Mr. Oware holds a BSc in Administration, an MBA in Finance, and a Diploma in Public-Private Partnership. CalBank’s Board Chairman expressed confidence in his ability to support the bank's growth and strategic goals.^[10]

• List of banks in Ghana
• Economy of Ghana

• CAL Bank Homepage

05°33′51″N 00°11′44″W / 5.56417°N 0.19556°W / 5.56417; -0.19556