Amalgamated Bank Limited, commonly known as AmalBank, is a commercial bank in Ghana

Ghana

Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...

.

Overview

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

Oceanic bank

Oceanic Bank International, commonly referred to as Oceanic Bank, is a bank in Nigeria. Oceanic provides individual, commercial and corporate banking services. -History:...

, one of Nigeria

Nigeria

Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...

'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. In April 2011, majority shareholding (60%) in AmalBank was acquired by the Bank of Africa Group

Bank of Africa

Bank of Africa is a multinational bank in Africa. Its first office was founded in Bamako, Mali in 1982.-Branches and subsidiaries:Bank of Africa:*BOA Group*Banque de l'Habitat du Benin in Cotonou, Benin*BOA Burkina Faso*BOA Côte d'Ivoire...

. AmalBank is currently in the process of re-branding to Bank of Africa (Ghana)

Bank of Africa

Bank of Africa is a multinational bank in Africa. Its first office was founded in Bamako, Mali in 1982.-Branches and subsidiaries:Bank of Africa:*BOA Group*Banque de l'Habitat du Benin in Cotonou, Benin*BOA Burkina Faso*BOA Côte d'Ivoire...

Branch Network

As of May 2011, the bank has ni8neteene (19) branches and one agency in the following locations:

1. Head Office - Farrar Avenue, Accra
   Accra
   Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
   
   
2. Kumasi Office - 24th February Road, Kumasi
   Kumasi
   Kumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...
   
   
3. Maamobi Office - Nima Highway, Accra
4. New Town Office - Hill Street Intersection, New Town
5. Central Accra Office - Ollivant Arcade, Accra
6. Ridge Office - Kanda Highway Extension, Accra
7. Michel Camp Road Office - Aseidua Plaza, Tema
   Tema
   Tema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...
   
   
8. Tamale Office - Daboya Street, Tamale
   Tamale
   A tamale — or more correctly tamal — is a traditional Latin American dish made of masa , which is steamed or boiled in a leaf wrapper. The wrapping is discarded before eating...
   
   
9. Osu Office - Cantonments Road, Osu
   OSU
   OSU can stand for:* Institutions of higher education:** Ohio State University** Oregon State University** Oklahoma State University** Oswego State University * The Order of St...
   
   
10. Takoradi Office - Market Circle, Takoradi
11. Kwashieman Office - Motorway Extension, Accra
12. East Legon Office - Lagos Avenue, Accra
13. Spintex Business office
14. Adum Business office
15. Tema Business Office
16. Dansoman Business Office
17. Madina Business Office
18. Abossey Okai Business Office
19. Sokoban Agency, Kumasi