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Home Finance Company
(HFC Bank)
Type Private
Founded 1990
Headquarters Accra, Ghana Ghana
Industry Financial Services
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue
Website http://www.hfcbankgh.com

Home Finance Company, commonly referred to as HFC Bank, is a major commercial bank in Ghana, West Africa.

Contents

[edit] Overview

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. HFC Bank provides mortgage financing, commercial banking and investment banking services.[1]

[edit] Ownership

As of December 2003, the bank's stock is owned by the following corporate entities and individuals: [2]

HFC Bank Stock Ownership
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


[edit] 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:[3]

  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

[edit] External links

[edit] See also

[edit] References




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