AmalBank
Amalgamated Bank Limited, commonly known as AmalBank, is a commercial bank in Ghana.
History
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. In 2007, the total asset valuation of AmalBank was estimated at US$136 million. In June 2009, it was reported in the online Ghanaian publication "Public Agenda" that the total assets of AmalBank had doubled in 2008. It is therefore estimated that the total assets of the bank, as of June 2009, is approximately US$272 million.
Acquisition by Bank of Africa Group
In April 2011, majority shareholding (60%) in AmalBank was acquired by the Bank of Africa Group. AmalBank is currently in the process of re-branding to Bank of Africa (Ghana)
Branch Network
As of May 2011, the bank has nineteen (19) branches and one agency in the following locations:
Podcasts:
