March 26, 2017 1:19 AM ET

Thrifts and Mortgage Finance

Company Overview of HFC Bank (Ghana) Limited

Company Overview

HFC Bank (Ghana) Limited, together with its subsidiaries, provides investment banking, corporate banking, retail banking, mortgage banking, asset management, and property management and development services in Ghana. The company operates through four segments: Consumer Banking, Mortgage Banking, Corporate Banking, and Microfinance. It offers investment banking services, including asset management, financial advisory, brokerage, and managed funds services; and commercial banking services comprising current, Smartsave, Homesave, and fixed deposit accounts; rent advance, auto, personal, loyalty credit, employer assisted, educational, and executive loans; retail finance products; Enidaso account...

No. 35, Sixth Avenue

North Ridge

PO Box CT 4603

Cantonments

Accra,  

Ghana

Founded in 1990

952 Employees

Phone:

233 30 224 2090

Fax:

233 30 224 2095

Key Executives for HFC Bank (Ghana) Limited

HFC Bank (Ghana) Limited does not have any Key Executives recorded.

HFC Bank (Ghana) Limited Key Developments

HFC Bank (Ghana) Limited Announces Group and Bank Earnings Results for the Period Ended September 30, 2016

HFC Bank (Ghana) Limited announced group and bank earnings results for the period ended September 30, 2016. For the period, the bank reported net interest income of GHS 85,344,357 against GHS 100,057,068 a year ago. Operating income was GHS 114,190,636 against GHS 143,297,144 a year ago. Operating loss was GHS 34,132,779 against GHS 29,215,031 a year ago. Loss for the period was GHS 25,301,504 against GHS 9,446,130 a year ago. Loss after tax and non-controlling interest was GHS 26,951,504 against GHS 9,446,130 a year ago. Loss attributable to equity holders of the parent was GHS 26,951,504 against GHS 9,446,130 a year ago. Basic and diluted loss per share was 12.08 pesewas against 4.23 pesewas a year ago. Net cash from operating activities was GHS 31,592,322 against net cash used in operating activities of GHS 49,387,869 a year ago. Purchase of property and equipment was GHS 11,805,692 against GHS 14,116,733 a year ago. For the period, the group reported net interest income of GHS 93,723,767 against GHS 103,243,826 a year ago. Operating income was GHS 137,239,338 against GHS 165,558,867 a year ago. Operating loss was GHS 29,215,031 against GHS 12,632,963 a year ago. Loss for the period was GHS 17,109,883 against GHS 6,511,614 a year ago. Loss after tax and non-controlling interest was GHS 20,883,441 against GHS 8,900,406 a year ago. Loss attributable to equity holders of the parent was GHS 20,315,284 against GHS 8,169,158 a year ago. Basic and diluted loss per share was 9.36 pesewas against 3.99 pesewas a year ago. Net cash from operating activities was GHS 19,704,539 against net cash used in operating activities of GHS 37,886,908 a year ago. Purchase of property and equipment was GHS 12,579,535 against GHS 15,099,051 a year ago.

Hfc Bank Ghana Limited Announces Group and Bank Earnings Results for the Period Ended June 30, 2016

HFC Bank Ghana Limited announced group and bank earnings results for the period ended June 30, 2016. For the period, the bank reported interest income was GHS 128,988,951 against GHS 127,527,199 a year ago. Net interest income was GHS 56,223,035 against GHS 80,388,223 a year ago. Operating income was GHS 76,298,795 against GHS 114,148,614 a year ago. Operating profit was GHS 10,378,549 against GHS 17,623,531 a year ago. Profit for the period was GHS 16,080,845 against GHS 18,804,802 a year ago. Profit after tax and non-controlling interest was GHS 14,280,845 against GHS 13,260,450 a year ago. Profit attributable to equity holders of the parent was GHS 14,280,845 against GHS 13,260,450 a year ago. Basic and diluted loss per share was 9.60 Ghana pesewas against 8.92 Ghana pesewas a year ago. Net cash from operating activities was GHS 70,517,016 against net cash used in operating activities of GHS 20,380,814 a year ago. Purchase of property and equipment was GHS 10,889,149 against GHS 8,177,253 a year ago. For the period, the group reported interest income was GHS 134,441,549 against GHS 128,274,092 a year ago. Net interest income was GHS 61,675,633 against GHS 81,135,116 a year ago. Operating income was GHS 92,127,953 against GHS 128,442,145 a year ago. Operating profit was GHS 12,465,965 against GHS 21,152,027 a year ago. Profit for the period was GHS 20,294,748 against GHS 22,759,317 a year ago. Profit after tax and non-controlling interest was GHS 17,142,935 against GHS 15,704,116 a year ago. Profit attributable to equity holders of the parent was GHS 17,494,744 against GHS 16,234,110 a year ago. Basic and diluted loss per share was 11.53 Ghana pesewas against 10.56 Ghana pesewas a year ago. Net cash from operating activities was GHS 72,214,209 against net cash used in operating activities of GHS 17,121,169 a year ago. Purchase of property and equipment was GHS 11,409,340 against GHS 8,634,788 a year ago.

HFC Bank (Ghana) Limited Reports Group and Bank Cash Flow Results for the Year Ended December 31, 2015

HFC Bank (Ghana) Limited reported group and bank cash flow results for the year ended December 31, 2015. For the year, on group basis, the bank reported GHC 38,439,000 against GHC 298,575,000 a year ago. Purchase of property, plant and equipment was GHC 19,242,000 against GHC 16,488,000 a year ago. For the year, on bank basis, the bank reported GHC 32,565,000 against GHC 297,408,000 a year ago. Purchase of property, plant and equipment was GHC 17,737,000 against GHC 15,500,000 a year ago.

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