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Calbank remains the sole local bank that met the 400 million minimum capital requirement by the BoG

 

The Executive Director of Calbank, Mr. Philip Owiredu says the bank’s good corporate governance practices is one of the trump cards of his outfit.

Addressing the audience at the facts behind the figures at the Ghana stock Exchange in Accra, he disclosed that calbank remains the sole local bank that met the 400 million minimum capital requirement by the Bank of Ghana without raising funds from the market.

“the model and strategies the bank has adopted over the years to achieve this feat is good corporate governance structures and that is what sets us apart from the rest of the  indigenous banks”. he noted.

” our new 3 year strategy builds on our earlier strategy of digital transformation and seeks to build our organization into a platform through which customers can connect to enhance their businesses and access all the banks products and services at their convenience and to ensure that we give our customers the best of services”. He further explained.

Touching on capital adequacy ratio, Mr. Owiredu revealed that the bank was working hard to always remain within the range required by the Bank of Ghana as its capital adequacy ratio  dropped to 17.9% in 2019 against  21.8 % in 2019 while non-performing loan ratio which was 10.3% in 2018 also reduced to 9.4% this year.

“It is not just about reducing the capital adequacy ratio but we need to be within the range required by the bank of Ghana and to also utilise the funds of shareholders efficiently”. he added.

Calbank which was established in 1990 has 4 branches in three regions namely, western, Accra, Ashanti and Northern regions.

The bank also owns calBrokers, calAsset, calNominees and calTrustees as part of their subsidiaries.

 

Source: Thepressradio.com /Dickson Boadi

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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