Advertisement

HFC Bank increases stated capital

HFC Bank has increased its stated capital from GH¢45million to GH¢95 million as the result of the private placement the bank undertook to shore up its minimum capital requirements as stipulated by the Bank of Ghana. The bank has therefore added 112,420,246 ordinary shares   to the company’s number of issued shares bringing the total number of issued shares to 296,080,918.

The bank’s shareholder’s funds have equally increased to GH¢129 million and this has changed the shareholding structure.
The existing shareholders  which comprises  Social Security and National Insurance Trust, Aureos Africa Fund and Ghana Union Assurance  took a total of 70.82 per cent  of the amount offered while a new investor, Republic Bank of Trinidad  took up 29.18 per cent.

Republic Bank of Trinidad  is the largest  financial institution  on the Caribbean with total assets  of over US$7 billion and  has ove

Connect With Us : 0242202447 | 0551484843 | 0266361755 | 059 199 7513 |