AmalBank

Type	Private
Founded	1997
Headquarters	Accra, Ghana
Key people	Stephan Ata, Chairman Oluwole Ajomale, Managing Director
Industry	Financial Services
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	▲US$8.5 million
Total assets	US$272 million
Website	http://www.amalbank.com.gh

Amalgamated Bank Limited, commonly known as AmalBank, is a commercial bank in Ghana.

Contents 1 Overview 2 Branch Network 3 External links 4 See also 5 References

[edit] Overview

The bank was incorporated in 1997. In 2006, 49% shareholding in AmalBank was purchased by Meeky Enterprises of Nigeria. Meeky is also a major shareholder in Oceanic Bank, one of Nigeria's leading financial services providers.^[1] In 2007, the total asset valuation of AmalBank was estimated at US$ 136 million.^[2] In June 2009, it was reported in the online Ghanaian publication "Public Agenda" that the total assets of AmalBank had doubled in 2008.^[3] It is therefore estimated that the total assets of the bank, as of June 2009, is approximately US$272 million.

[edit] Branch Network

As of June 2009, the bank has twelve (12) branches in the following locations: ^[4]

1. Head Office - Farrar Avenue, Accra
2. Kumasi Office - 24th February Road, Kumasi
3. Maamobi Office - Nima Highway, Accra
4. New Town Office - Hill Street Intersection, New Town
5. Central Accra Office - Ollivant Arcade, Accra
6. Ridge Office - Kanda Highway Extension, Accra
7. Michel Camp Road Office - Aseidua Plaza, Tema
8. Tamale Office - Daboya Street, Tamale
9. Osu Office - Cantonments Road, Osu
10. Takoradi Office - Market Circle, Takoradi
11. Kwashieman Office - Motorway Extension, Accra
12. East Legon Office - Lagos Avenue, Accra

[edit] External links

• AmalBank Homepage

[edit] See also

• List of banks in Ghana
• Economy of Ghana

[edit] References

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