Home Finance Company
 | |
| Public | |
| Traded as | GSE: HFC |
| Industry | Financial Services |
| Founded | 1990 |
| Headquarters | Accra, Ghana |
Key people |
Asare Akuffo Managing Director[1] |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax: |
| Total assets | US$234.3 million (GHS:435.3 million) (2011) |
| Website | Homepage |
Home Finance Company, commonly referred to as HFC Bank, is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.[2]
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).[3]
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:[4]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | SSNIT | |
| 2 | Union Bank of Nigeria Plc. | |
| 3 | Ghana Union Assurance Company Limited | |
| 4 | State Insurance Company of Ghana | |
| 5 | Financial Investment Trust | |
| 6 | MIHL/Union Homes Savings & Loan (Nigeria) | |
| 7 | MIHL/Union Homes Pension Find (Nigeria) | |
| 8 | Ghana Reinsurance Company | |
| 9 | HFC Unit Trust | |
| 10 | Other Institutional & Individual Investors | |
| T O T A L | 100.00 | |
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:[5]
- Head Office - Sixth Avenue, North Ridge, Accra
- Ebankese Branch - Sixth Avenue, North Ridge, Accra
- Accra Central Branch - Kwame Nkrumah Avenue, Accra
- Ridge Branch - 6 Sixth Avenue, West Ridge, Accra
- Tema Branch - Asafoatse Kotei Commercial Complex, Tema
- Legon Branch - Noguchi Road, University of Ghana, Legon
- Kumasi Branch - 571 Asomfo Road, Kumasi
- HFC Investment Services Limited - 6 Sixth Avenue, West Ridge, Accra
- Tudu Branch - St. Francis Building, Kinbu Road, Tudu
- Abossey Okai Branch
- Techiman Branch
- HFC Realty Limited
- Agbogbloshie Branch - Old Fadama Road
- Tamale Branch - 8 Daboya Street, Tamale
- KNUST Kumasi Branch - KNUST Commercial Area, Kumasi
- Koforidua Branch
- Baatsona Branch - Spintex Road
- Ashaiman Branch
- Takoradi Branch - Market Circle
- Kasoa Branch
- Post Office Square Branch
- Adabraka Branch
- Suame Branch - Suame Magazine
- Swedru Branch
- Cape Coast Branch - Tantri
- Winneba Branch
- Asamankese Branch
- Dansoman Branch
See also
References
External links
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