‘Good corporate Governance is our Hallmark”- Calbank Executive Director



The Executive Director of Calbank, Mr. Philip Owiredu has attributed the bank’s success over the years especially in meeting the minimum capital requirement by the bank of Ghana to good corporate governance practices.

Speaking at the facts behind the figures at the Ghana stock Exchange in Accra, he said calbank remains the only indegenous 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.

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He said that among the bank’s core focus areas as part of the it’s three year strategic plan is to use technology to enhance digital platforms that will offer seamless service to its customers aside retail banking, corporate banking, risk management and compliance among others.

He said ” our new 3 year strategy builds on our earlier strategy of digital transformation and seeks to build our organisation 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”.

on the issue of capital adequacy ratio, Mr. Owiredu said the bank is 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.

Mr. Owiredu indicated the bank’s readiness to continuously remain profitable and ensure funds of shareholders are utilised efficiently in order to prevent it’s capital ratio from growing too high.

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

Other subsidiaries wholly owned by the bank includes calBrokers, calAsset, calNominees and calTrustees.

By: Ebenezer Kofi Amponsah


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