Republic Invests In Ghana Bank

") //-->
We use cookies to improve your browsing experience on our website, to analyse our website traffic, and to understand where our visitors are coming from. By continuing to browse our website, you consent to our use of cookies.
Growing up with a plan for tomorrow
For youths between the ages 13 to 19 years
Saves you time and money
Helps you to build your nest egg
Shape your future
The wise investment instrument
Earn more on your Foreign Accounts
A world of convenience and flexibity
Invest and enjoy the best of both worlds
A value package designed for persons 60 +
Getting married?
Pay bills and manage your accounts easily
Banking on the Go!
Top up your phone/friend’s phone or pay utility bills for FREE!
Where your change adds up
Make secure deposits and bill payments
Access accounts with your OneCard
Accessibility to your accounts made easy
Be able to accept any credit card payment
To take you through each stage of life, as we aim to assist you with the funds you need for the things you want to do
We make it easy, quick and affordable to buy the car of your dreams
Helps you determine the loan amount that you can afford
You can calculate your business’ potential borrowing repayments
Republic Bank Limited can make your dream of a new home a quick and affordable reality
There are three stages you must complete before owning your first home
Port of Spain, Trinidad: December 11, 2012:In keeping with its expansion strategy and its focus on areas outside of its traditional Caribbean markets, Republic Bank Limited has confirmed its recent purchase of an 8.9% stake in HFC Bank in Ghana
In commenting on the purchase, Republic Bank’s Managing Director, David Dulal-Whiteway said that the Bank had been considering a number of overseas interests over the last few years, and decided on the HFC opportunity, following that Bank’s recent private placement to raise 50 million Ghana cedis. Republic Bank’s investment in the shares of HFC is put at US$8 million.
According to Dulal-Whiteway, the investment in HFC will open up for Republic Bank’s local business clients, new opportunities to do business on the African continent. “Africa, and in particular Ghana has been a key growth area for international business, and several of our Trinidad and Tobago corporate clients have been actively exploring those markets. Conversely, Republic Bank’s strong knowledge of oil and gas financing business here in the Caribbean would prove beneficial to the African bank,” said Dulal-Whiteway.
HFC Bank was licensed as a commercial bank in 2003, with core services in mortgages, consumer loans, commercial and investment banking. The Bank has an asset base of US$264 milion and a return on assets of 2.5% based on its last published financials. The bank is considered a leader in Ghana’s mortgages market, and operates 27 branches in that country.
Republic Bank recently declared profits of US$182.5 for its 2012 financial year and boasts of assets in excess of US$8.1 billion.
© 2025 Republic Bank Limited. All Rights reserved.
[ by Webgold Designs ]
Growing up with a plan for tomorrow
For youths between the ages 13 to 19 years
Saves you time and money
Helps you to build your nest egg
Shape your future
The wise investment instrument
Earn more on your Foreign Accounts
A world of convenience and flexibity
Invest and enjoy the best of both worlds
A value package designed for persons 60 +
Getting married?
Pay bills and manage your accounts easily
Banking on the Go!
Top up your phone/friend’s phone or pay utility bills for FREE!
Where your change adds up
Make secure deposits and bill payments
Access accounts with your OneCard
Accessibility to your accounts made easy
Be able to accept any credit card payment
To take you through each stage of life, as we aim to assist you with the funds you need for the things you want to do
We make it easy, quick and affordable to buy the car of your dreams
Helps you determine the loan amount that you can afford
You can calculate your business’ potential borrowing repayments
Republic Bank Limited can make your dream of a new home a quick and affordable reality
There are three stages you must complete before owning your first home