1. African Venture Capital Association presents
Africa, The Rising Giant
AVCA 9th Annual Conference
2. CAL
Bank
Limited
Ghana
Frank
B.
Adu
-‐
CEO
Africa
Venture
Capital
Associa>on
“Highligh&ng
successful
African
Companies”
Accra,
April
2012
2
3. Overview
of
CAL
Bank
Limited
Established 1990
Licensing Universal Banking License
18 branches across Ghana
Network and Team 51 ATM’s
Over 300 dedicated employees & experienced motivated management team
Corporate Banking
Focus Segment Treasury Activities
Asset backed retail banking
Risk Management and Basle II
Accounting IFRS
Partnerships Proparco, DEG, African Development Bank
Ghana Stock Exchange since IPO in 2004
Public Float - 66.82%
Listing Market Capitalisation - GHS 62 million; ~USD 35.43million*
Issued Shares - 248,261,549
Currently Q2, 2012 GHS 27.7million; ~USD 15.8 million
Share Capital
Expected Q3 2012 GHS 100 .0million ~USD 57.1 million
3
4. CAL
Bank
at
a
glance
1990
FOUNDING
SHAREHOLDERS
1997
onwards
-‐
24,000
+
SHAREHOLDERS
• Kingdom
Zephyr
Holdings
(Al-‐Waleed)
• Vanguard
Assurance
(Ghana)
• Renaissance
Capital
(Cyprus)
Ltd.
• Interna>onal
Finance
Corpora>on
• Pinebridge
Sub-‐Saharan
Africa
Fund
• CDC
• SSNIT
-‐
Ghanaian
na>onal
pension
fund
• Africa
Growth
Fund
(USA)
• Robeko
Afrika
Funds
• Pryor,
McClendon
&
Counts
(USA)
• Kura
Africa
Fund
• Local
Ghanaian
promoter
• Fulcrum
Africa
Fund
• Fleming
Africa
Fund
• Fron>er
Market
Select
Fund
• Eaton
Vance
Emerging
Market
Fund
• 24,000+
other
ins>tu>onal
&
retail
investors
5. Business Overview
Distribution Network Contribution to Net Operating Income
• Current Network : December 2011
– 18 networked branches
– 51 ATMs
– Real time Internet banking
– Continued strength in Corporate
banking
– Pursuing retail presence
through growing branch network
• Future :
Broaden customer base
through technology
Increase footprint through
additional ATMs and
branches
5
6. CAL
Bank
at
a
glance
One of Top 10 Independent Local Banks
Top 12 Ghanaian Banks by Assets (FY 2011)
BANK
GHC
RANK
out
of
27
banks
Ghana
Commercial
Bank
2,279,445*
1
Ecobank
2,128,006
2
Standard
Chartered
Bank
1,971,062
3
Barclays
Bank
1,906,992
4
Agricultural
Devt.
Bank
1,205,757
5
Stanbic
Bank
1,136,923
6
Fidelity
Bank
1,029,927
7
NaVonal
Investment
Bank
878,873
8
SG-‐SSB
Bank
841,077
9
CAL
Bank
786,063
10
UTBank
712,864
11
Zenith
Bank
699,795
12
* This figure is for Q3 2011 as GCB’s FY2011 results have not been released
6
6
7. The
Bank
-‐
FY
2011
on
FY
2010
Full
Year
The
Bank
(GH¢
000’s)
Indicators
2011
2010
Var.
Net
Interest
Income
(GH¢
)
40,661
36,835
10.4%
Net
Opera>ng
Income
(GH¢
)
58,246
39,004
49.3%
Profit
Before
Tax
(GH¢
)
24,584
11,660
111.0%
Profit
Ager
Tax
(GH¢)
18,338
8,810
108.1%
Total
Assets
(GH¢)
786,063
499,751
57.3%
Shareholders
Funds
(GH¢)
92,921
76,519
21.4%
Key
RaVos
2011
2010
Earnings
per
share
(GH¢
per
share)
0.0739
0.0365
Return
on
Average
Equity
(%)
21.3%
13.2%
Return
of
Average
Assets
(%)
2.8%
1.9%
7
9. Industry
recogniVon
as
leading
bank
-‐
Ghana
Banking
Awards
2007 IT & Electronic Banking : (Best Bank)
2007/2008 Product Innovation : (Best Bank)
2007 Medium term Financing : (Best Bank)
2008 Retail Banking : (Best Bank)
2008: Chartered Institute of Marketing, Ghana - Bank of the Year
2010 Short Term Financing ; (Best Bank)
2010 Trade Financing: (Best Bank) )
2010 Corporate Bank: (2nd Runner-up)
2010 Long Term Loan Financing ; (Best Bank)
2010 Medium Term Financing : (Best Bank)
9
10. African Venture Capital Association presents
Africa, The Rising Giant
AVCA 9th Annual Conference
