CAL Bank

CAL Bank

Type	Public
Traded as	: CAL
Industry	Financial services
Founded	1990
Headquarters	23 Independence Avenue, Accra, Greater Accra, Ghana
Key people	Paarock A Vanpercy Chairman Frank Brako Adu Jnr Managing Director
Products	Loans, Checking, Savings, Investments, Debit cards, Mortgages
Revenue	Aftertax:GHS 143.151 million (2014)
Total assets	GHS: 2,715.392 million (2014)
Number of employees	737 (2014)
Website	Homepage

CAL Bank is a commercial bank in Ghana involved primarily in meeting the banking needs of small, medium and large corporations. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.

Founded in 1990, CAL Bank is rated as "one of the most innovative banks in Ghana", according to its website. As of December 2010^[update], the bank's total assets were valued at about US$266 million (GHS:510 million), with shareholders' equity of approximately US$41 million (GHS:79 million).

The stock of CAL Bank is traded on the under the symbol CAL. As of December 2010^[update], the stock ownership of the bank is reflected in the table below:

CAL Bank is headquartered in Accra, at 23 Independence Avenue. As of September 2013^[update], the bank operates 22 networked branches at the following locations:

CAL Bank is governed by a nine-person Board of Directors of whom two are Executive Directors and seven are non-executive. The Chairman of the Board is Paarock A. Vanpercy, one of the non-executive directors.

Frank Brako Adu Jnr is the Managing Director of CAL Bank. There are thirty six other managers with whom the Managing Director supervises the day-to-day activities of the bank. Frank Adu Jnr. is a graduate of the University of Ghana. He holds a bachelor's degree (BSc) in Geography and a Master of Business Administration (MBA). Prior to becoming the Managing Director at CAL Bank, he has held several managerial positions at the bank including: (a) Deputy Managing Director (b) Bank Treasurer and (c) Credit and Relations Banking Officer.