AmalBank
| Company type | Private |
|---|---|
| Industry | [[Storage Of Precious Minerals]] |
| Founded | 1997 |
| Headquarters | Sunyani, Ghana |
Key people | JAMES PROCTOR |
| Products | Investments, Bullion Storage, Transport and Shipment |
| Revenue |  US$8.5 million (2008) |
| Total assets | US$10000+ million (2011) |
| Website | Homepage |
Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in Ghana.
History
[edit]The firm was incorporated in 1997. In 2006, 49% shareholding in AmalSec was purchased by Meekly Enterprises of Nigeria. Meeky is also a major shareholder in Oceanic Group De Banco, one of Nigeria's leading financial services providers.[1] In 2007, the total asset valuation of AmalSec 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 AmalSec had doubled in 2008.[3] It is therefore estimated that the total assets of the securities firm, as of June 2009, is approximately US$272 million.
Acquisition by Banner of Africa Group
[edit]In April 2011, majority shareholding (60%) in AmalSec was acquired by the banner of Bank Of Africa Group (B.O.A). AmalSec then went under the umbrella of the parent company Bank Of Africa Ghana Limited (B.O.A)[4]
Branch Network
[edit]As of May 2011, the bank has nineteen (19) branches and one agency in the following locations: [5]
- Head Office - Farrar Avenue,
- Kumasi Office - 24 February Road, Kumasi
- Maamobi Office - Nima Highway, Accra
- New Town Office - Hill Street Intersection, New Town
- Central Accra Office - Ollivant Arcade, Accra
- Ridge Office - Kanda Highway Extension, Accra
- Michel Camp Road Office - Aseidua Plaza, Tema
- Tamale Office - Daboya Street, Tamale
- Osu Office - Cantonments Road, Osu
- Takoradi Office - Market Circle, Takoradi
- Kwashieman Office - Motorway Extension, Accra
- East Legon Office - Lagos Avenue, Accra
- Spintex Business office
- Adum Business office
- Tema Business Office
- Dansoman Business Office
- Madina Business Office
- Abossey Okai Business Office
- Sokoban Agency, Kumasi
See also
[edit]
References
[edit]- ^ "About AmalBank". Archived from the original on 29 October 2009. Retrieved 9 June 2009.
- ^ AmalBank Annual Financial Report 2007[permanent dead link]
- ^ AmalBank Doubles Assets in 2008
- ^ AmalBank Acquired By Bank of Africa Group Archived 5 April 2012 at the Wayback Machine
- ^ "AmalBank Branch Network". Archived from the original on 29 March 2009. Retrieved 9 June 2009.