About us

Overview

CAL Bank commenced operations as a local merchant bank in 1990 with the sole aim of providing a truly differentiated world class banking solution. The Bank was formerly Continental Acceptances Limited and then CAL Merchant Bank Limited.

The Bank’s founding shareholders in 1990 were Inter-national Finance Corporation (IFC), Commonwealth Development Corporation (CDC), African Growth Fund, Pryor McClendon Counts and Com-pany Inc. and Vanguard Assurance Limited.

In 2004 CAL Bank undertook a GHS 5.4 million initial public Offer (IPO) that was 4.5 times oversubscribed. In 2009 the Bank undertook a succesful rights issue to attain GHS 25 million in stated capital.

In 2012 CAL Bank further increased its stated capital to GHS 100 million through a private placement which was 2.5 times oversubscribed.


What we do

We are a licensed universal Bank with a diverse range of financial products and services.
  • Domestic Banking services
  • International Banking services
  • Private Banking services
  • Treasury services
  • Retail & Business Banking
  • Corporate & Institutional Banking
  • Corporate Finance
  • 20 branches and 87 ATMs
  • Operational in 3 dominant business regions of Ghana
CAL Brokers Limited
A licensed dealing member of the Ghana Stock Exchange with the following services: securities trading, portfolio management, market research and investment banking.

CAL Asset Management Limited
A wholly owned subsidiary of CAL Bank Ltd, is a licensed investment advisor set up to manage funds such as staff provident funds, end of service benefits, pension funds, collective investment schemes as well as provide investment advisory services to investors.

CAL Nominees Limited
A custody and securities administration services provider providing world class custody solutions to both local and foreign institutional investors. They offer safekeeping and securities administration services that can be launched instantly as a plug-n-play service platform.



Strategy

Our strategic framework is focused on our desire to become a member of the 1st Quartile group of Banks in Ghana by year end 2015.
  • Comprehensive recruitment and training
  • Career development and succession planning
  • Performance management and reward system
  • Workplace health and safety program
  • Developing new e-products
  • Commence bond trading
  • Introduce mobile banking
  • Enhancing income through product and service offerings and identify new opportunities.
  • Employ properly documented process maps
  • Automate identified manual processes
  • Leverage on analytics to improve decision making
  • Integrate strong risk culture into our processes
  • Foster efficiency in internal business processes between departments
  • Improve brand visibility
  • Expand distribution channels
  • Grow our retail business
  • Develop presence outside Ghana
  • Attain below-industry cost of funds and improve margins
  • Achieve an optimum mix of funded income
  • Effectively manage quality of loan book
  • Increase trade lines and FX volumes

Recognition:

The Bank’s operations have been recognized by the banking and business community in Ghana and the Bank has won a number of awards.


  • Best Bank - Trade Finance
  • 2nd Runner Up - Mobile Banking
  • 2nd Runner Up - Financial Performance
  • 2nd Runner Up - Advisory Services
  • 2nd Runner Up - Medium Term Loan Financing
  • Best Bank - Retail Banking
  • 2nd Runner Up - IT and Electronic Banking
  • Best Bank - Trade Finance
  • Best Bank- Long Term Loan Financing
  • 1st Runner Up - Medium Term Loan Financing
  • 1st Runner Up - Short Term Loan Financing
  • 1st Runner Up - Product Innovation
  • 2nd Runner Up - Corporate Banking
  • 2nd Runner Up - IT and Electronic Banking
  • 2nd Runner Up - Advisory Services
  • Best Bank - Medium Term Loan Financing
  • Best Bank - Retail Banking
  • 1st Runner Up - IT and Electronic Banking
  • 2nd Runner Up - Long Term Loan Financing
  • 2nd Runner Up - Advisory Services

Meet our board



Mr. Frank B. Adu Jnr.
Managing Director
Mr. Philip Owiredu
Executive Director
Mr. Paarock VanPercy
Chairman
Mr. Jojo Acquah
Company Secretary
Veritas Advisors Limited
Mrs. Helen Nankani
Non-Executive Director
Ms. Rosalind Nana Emela Kainyah
Non-Executive Director
Dr. Kobina Quansah
Non-Executive Director
Nana Otuo Acheampong
Non-Executive Director
Mr. Malcolmn D. Pryor
Non-Executive Director
Mr. Kofi Osafo-Maafo
Non-Executive Director
Mr. James C. Brenner
Non-Executive Director

Governance and Sustainability



The demands made on Bank Boards have increased over the years, which make active and constructive corporate governance necessary. Establishing clear goals, strategies, values and good risk controls have been and remain the Board’s duty and responsibility, together with the Bank’s management team.

The CAL Board Charter continues to provide a clear framework for Directors to execute our duties and also serve as a benchmark in evaluating our performance in accordance with best practice.

Your Board is committed to ensuring enforcement of the highest levels of compliance standards within the Group in line with global best practices.



Over the years CAL Bank has prided itself in the continued support to the less privileged in society and our long-standing tradition of helping the communities in the areas where we operate. Educational support to give hope to needy children from primary through to the tertiary level still remained dear to us. As part of our continued support to develop beach soccer in Ghana, we sponsored the national beach soccer team to participate in the Copa Lagos tournament during the year. CAL Bank still remains the title sponsor of the National Beach Soccer Championship in Ghana.

In our contribution to “green Ghana”, we collaborated with the Department of Parks and Gardens to plant over six thousand trees in Accra, Kumasi and Takoradi, the cities we operate in. These trees are meant to withstand both the dry and wet weather conditions and our staff are indeed proud to have been part of this great effort.

This initiative emphasises the importance we place on delivering a balance between economic growth, social wellbeing and the protection of the environment in support of the goal of sustainable development.