About Us

HFC Bank (Ghana) Limited (formerly Home Finance Company) was licensed as a mortgage financing institution to implement the IDA/SSNIT Pilot Housing Finance Programme in Ghana. HFC was incorporated on May 7, 1990 under the Ghana Companies Code 1963 (Act 179) as a private limited liability company. The Company commenced business on December 2, 1991 and was licensed by the Bank of Ghana as a non-bank financial institution on August 1, 1994.          
On 17th November 2003, HFC Bank (Ghana) Limited was issued with a universal banking license by the Bank of Ghana, thus, evolving into a fully-fledged universal bank. On May 13, 2015, the Securities and Exchange Commission signed off the results of a Mandatory Tender Offer (MTO) which formally made HFC Bank become a part of the Republic Bank family. Republic Bank is the leading Bank in Caribbean region, headquartered in Trinidad and Tobago with a 178-year old history. HFC Bank (Gh.) is therefore a subsidiary of Republic Bank Limited of Trinidad & Tobago.
HFC Bank (Ghana) Limited, is a leading financial institution in Ghana. It offers one-stop financial services that include Corporate, Commercial and Retail Banking; Investment Banking; Mortgage Banking and Micro Finance. These services make HFC Bank arguably the most diversified universal banking institution in the Ghanaian Banking industry.
Summary of Milestones
1990 – Incorporated as Home Finance Company Limited
1991 – Established HFC Unit Trust the First Collective Investment Scheme in Ghana
1993 – Incorporated a wholly owned subsidiary company Home Finance Investment Fund (HFIF)
             Now HFC Investments Services Limited
1994 – Established HFC Real Estate Investment Trust (REIT), a collective investment scheme
1994 – Licensed by the Bank of Ghana as a non-bank financial institution
1995 – Listed on the Ghana Stock Exchange
1996 – Issued first Listed Corporate Bond (HFC HOUSBONDS) on the Ghana Stock Exchange
2003 – Incorporated HFC Realty Limited
2003 – Licensed as a Universal Banking Institution
2006 – Established HFC Boafo Microfinance Services Limited, a joint venture between HFC Bank
             and CHF International
2007 – Appointed Manager of the Public Sector Employee’s Housing Scheme
2012 – Awarded the Best Real Estate Mortgage Provider in Africa by the African Real Estate and
             Housing Finance Academy, Kenya
Leading Mortgage Finance Institution in Ghana
HFC remains the leading mortgage provider in terms of volumes in the country. The Bank has over 30% share of the mortgage industry.
Establishment of the First Collective Investment Scheme in Ghana
HFC is reputed for establishing the first Unit Trust (Collective Investment Scheme) in Ghana in July 1991. In 1993, it incorporated Home Finance Investment Fund Limited (HFIF) renamed HFC Investments Services Limited (HFC-ISL), a wholly owned subsidiary. In 1995, the subsidiary company also successfully promoted the first Real Estate Investment Trust (REIT). To date, HFC Investments manages four funds targeting different sectors of the economy namely HFC Unit Trust, HFC Equity Trust, HFC REIT, HFC Future Plan.
Strong Investment Banking
HFC Investments Services Limited (HFC-ISL) undertakes the business of property and funds management among others. The company has evolved as a strong brand in the investment banking industry with its Managed Funds, Financial Advisory, Brokerage and Asset Management departments.
Pioneer in Bond Issuance
In September 1996, HFC introduced the first corporate bonds on the Ghana Stock Exchange by undertaking a shelf registration of USD35 million bonds on the Exchange. Between 1996 and 2007, out of the USD35.0 million Shelf-registered bonds, a total of USD20.65 million bonds have been issued in tranches. The Bank further made an additional GBP1.2 million shelf-registered bonds on the GSE in August 2001. In addition, in the year 2009, HFC issued two (2) tranches of US Dollar Corporate Bonds amounting to US$9.44 million through private placements. These bonds have all been successfully redeemed.  
Consistent Dividend Payment and Capital Appreciation
From an IPO price of GH¢0.01 (1 Ghana pesewa – formerly ¢100) per share in 1995, the Bank’s share price stood at GH¢0.45 (45 Ghana pesewas) as at end of year 2011. HFC has paid dividends consistently since 1993.
The total issued shares of HFC Bank at end of 2012 was 296.36 Million shares with a market capitalization of GH¢133.36 Million. Ordinary shares of HFC Bank as at end of the half year 2015 was 297.36 Million shares with a market capitalization of GH¢475.78 Million. The share price of HFC Bank registered a price appreciation of 6.67% for the period January to June 2015.The opening price as at January 2015 was GHS1.50 and the price as at June 2015 was GHS1.60.
Expanded Branch Network
From one (1) branch in 2003, HFC Bank as at June 2015 has forty two (42) fully networked branches in the Greater Accra, Ashanti, Brong Ahafo, Northern, Eastern, Central, Upper East and Western Regions. The Bank also has a total of forty five (45) on-site and off-site Automatic Teller Machines (ATMs).
Providing Affordable Housing for Public Sector Workers
In November 2007, HFC was appointed Manager of the Public Sector Employees’ Housing Scheme which was put together by HFC Bank and the Government of Ghana aimed at providing affordable housing for public sector workers. The bank has financed over 350 mortgages under the scheme.
Strategic Alliances and Technical Assistance Programmes
HFC Bank has strategic alliances in neighboring West African countries such as Nigeria, The Gambia, Sierra Leone and Liberia.
Through a technical assistance programme, the Bank assisted the National Social Security and Insurance Trust (NASSIT), the National Pension Fund of Sierra Leone to establish a mortgage finance company in Sierra Leone in 2008.
At the request of private Estate Development Company in Liberia, the Bank is currently conducting an opportunity study to assess the feasibility of establishing a mortgage finance company in Liberia.
HFC Bank worked with the Central Bank of The Gambia to establish a mortgage institution in The Gambia in 1995.
HFC Bank is committed to offering the best banking experience to its cherished customers.
‘HFC Bank, Possible Together’.