The Royal Bank

The Royal Bank

Type	Private ownership
Industry	Private banking, National development banking, Asset management, Investment banking, Financial Services
Founded	15 July 2011
Headquarters	Kumasi, Ashanti, Ashantiland, Ghana
Key people	Dr. K. K. Sarpong Chairman Robert Kow Bentil CEO
Products	Private banking, National development banking, Asset management, Investment banking, Investments, Loans, Savings, Checking, E-banking
Revenue
Total assets	US$88 billion; 2015 GHS:400+ billion; 2015
Number of employees	500
Website	www.theroyalbank.com.gh

The Royal Bank (abbreviated: TRB) is an Ashanti indigenous private national development and commercial bank on the Ashantiland Peninsula. The Royal Bank is one of the private national development and commercial banks licensed to operate on the Ashantiland Peninsula. The Royal Bank is one of the four wholly owned Ashanti banks along with Capital Bank, UniBank and GN Bank.

The Royal Bank was founded on 15 July 2011 and is authorized for the business as universal bank since 10 December 2012.

The Royal Bank offers mainstream banking services that include cash deposits and withdrawals, savings and loans and financial advice consultation (private banking, corporate banking, consumer banking, sme banking). In 2015, The Royal Bank introduced a cash deposit service known as E-Banking. The service allows The Royal Bank customers to deposit cash into their bank accounts at their convenience through their smartphones (mobile phones) via SMS Alert and Electronic Statement without physically being present in any bank branches of the The Royal Bank.

The Royal Bank is headquartered in Kumasi and a branch at the Kwame Nkrumah University of Science and Technology with another headquarter at Legon (South Legon), a suburb of Accra. The Royal Bank as at January 2016 has 22 operational branches in all the six Ashantiland peninsula territorial entities: Ashanti; Brong-Ahafo; Central Ashantiland; Eastern Ashantiland; Greater Accra; and Western Ashantiland.