Home Finance Company - Hfc Bank

Home Finance Company, commonly referred to as HFC Bank, is a commercial bank in Ghana. It is one of the commercial banks licenced by the Bank of Ghana, the national banking regulator.

Overview

HFC Bank provides mortgage financing, commercial banking, investment banking and wealth management services. Regulatory approval is still pending for the bank to split into for divisions:

• Banking Division
• Investment Management Division
• Private Equity Division
• Real Estate Division

As of December 2011, HFC Bank was a medium-sized financial services provider in Ghana, with total assets valued at about US$234.3 million (GHS:435.3 million), and shareholders' equity valued at about US$53.8 million (GHS:100 million).

History

The bank was created in 1990 as a shell company within Merchant Bank (Ghana). In 1994 HFC Bank became a publicly traded company. In 1995 it became listed on the Ghana Stock Exchange. The stock of the bank is a component of the exchange's GSE All-Share Index. According to the bank's website, the bank issued the Ghana Stock Exchange's first-ever corporate bond, in 1996.

Ownership

As of December 2003, the bank's stock is owned by the following corporate entities and individuals:

Branch Network

HFC Bank has its headquarters in Accra, the capital city of Ghana. The branches of the bank and its subsidiary companies include the following locations:

1. Head Office - Sixth Avenue, North Ridge, Accra
2. Ebankese Branch - Sixth Avenue, North Ridge, Accra
3. Accra Central Branch - Kwame Nkrumah Avenue, Accra
4. Ridge Branch - 6 Sixth Avenue, West Ridge, Accra
5. Tema Branch - Asafoatse Kotei Commercial Complex, Tema
6. Legon Branch - Noguchi Road, University of Ghana, Legon
7. Kumasi Branch - 571 Asomfo Road, Kumasi
8. HFC Investment Services Limited - 6 Sixth Avenue, West Ridge, Accra
9. Tudu Branch - St. Francis Building, Kinbu Road, Tudu
10. Abossey Okai Branch
11. Techiman Branch
12. HFC Realty Limited
13. Agbogbloshie Branch - Old Fadama Road
14. Tamale Branch - 8 Daboya Street, Tamale
15. KNUST Kumasi Branch - KNUST Commercial Area, Kumasi
16. Koforidua Branch
17. Baatsona Branch - Spintex Road
18. Ashaiman Branch
19. Takoradi Branch - Market Circle
20. Kasoa Branch
21. Post Office Square Branch
22. Adabraka Branch
23. Suame Branch - Suame Magazine
24. Swedru Branch
25. Cape Coast Branch - Tantri
26. Winneba Branch
27. Asamankese Branch
28. Dansoman Branch

See also

• List of banks in Ghana
• Ghana Stock Exchange

References

External links

• HFC Bank Homepage
• HFC Bank at Gold Coast Securities
• Home Finance Company Limited at Alacrastore

Interesting Informations

Looking products related to this topic, find out at Amazon.com

Source of the article : here