agricultural development bank of ghana type parastatal industry finance founded 1965 headquarters independence avenue accra ghana key people nana soglo alloh iv chairman 1 stephen kpordzih managing director 2 products loans agricultural credit corporate banking international banking commercial banking revenue pretax us 28.8 million ghs 51.1 million 2011 total assets us 683.6 million ghs 1.21 billion 2011 owner government of ghana website homepage agricultural development bank of ghana commonly known as agricultural development bank or adb is a government owned development and commercial bank in ghana . the bank is the first development finance institution established by the government of ghana . it is one of the commercial banks licensed by the bank of ghana the national banking regulator . 3 contents 1 history 2 overview 3 ownership 4 leadership 5 products and services 6 branch network 7 see also 8 references 9 external links history edit adb was established in 1965 by act of parliament to meet the banking needs of the ghanaian agricultural sector in a profitable manner . before its current name the bank was known as the agricultural credit and co operative bank . the bank changed its name in 1970 when the parliamentary statute was amended to grant the institution full commercial banking powers . 4 overview edit the bank is a large development and commercial bank . as of april 2010 update adb was the leading financial institution in agricultural financing in ghana responsible for 35 % of the total bank industry financing of agriculture . 5 in september 2010 the bank was recognized as bank of the year at the africa investor agribusiness awards in durban south africa the first institution so recognised at this annual event . 6 the total assets of the institution at the end of december 2011 were valued at approximately us 683.6 million ghs 1.21 billion . 7 the bank is currently looking to list on the ghana stock exchange and has is currently awaiting government approval to be listed . 8 ownership edit the bank s stock is owned by the following entities 9 agricultural development bank of ghana stock ownership rank name of owner percentage ownership 1 government of ghana 51.83 2 bank of ghana 48.17 total 100.00 leadership edit nana soglo alloh iv is chairman ; stephen kpordzih is executive director products and services edit the bank engages in other types of banking in addition to making agricultural loans . the range of services offered include a development banking b corporate banking c personal banking d international banking e diaspora banking services f treasury management services and g money transfer services in partnership with western union . branch network edit the bank maintains a network of fifty 78 branches located in all areas of ghana . there are also an additional four 4 farm loan offices and ten ten agency offices . this adds up to a total of sixty four 64 service outlets in addition to the bank s headquarters in accra ghana s capital and largest city . 10 see also edit economy of ghana list of banks in ghana references edit http www.agricbank.com about us board of directors stephen kpordzih is managing director of adb list of licensed commercial banks in ghana history of agricultural development bank of ghana archived september 21 2010 at the wayback machine . adb responsible for 35 % of agricultural lending in ghana archived november 3 2012 at the wayback machine . adb winner of maiden africa investor agribusiness awards december 2011 financial data eduku pius amihere . ghana adb fails to list on gse . shareholders in agricultural development bank of ghana archived september 21 2010 at the wayback machine . branches of agricultural development bank of ghana archived august 16 2010 at the wayback machine . external links edit official website website of bank of ghana about ghana agricultural development bank v t e economy of ghana currency ghanaian cedi banking offshore private capital bank national investment bank prudential bank limited unibank retail savings agricultural development bank of ghana cal bank gcb bank ltd home finance company ut bank savings and loan abii national savings and loans company insurance enterprise group sic insurance company vanguard assurance company limited communications communications new media electricity transportation water supply and sanitation water privatization industries companies agriculture cocoa salt healthcare manufacturing mining petroleum tourism trade unions ghana federation of labour trades union congress of ghana ghana templates ghana topics retrieved from https en.wikipedia.org w index.php title agricultural development bank of ghana & oldid 742773687 categories banks of ghanacompanies of ghanabanks established in 1965companies established in 1965economy of ghanahidden categories articles with wayback machine linksarticles containing potentially dated statements from april 2010all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 5 october 2016 at 18 20 . text is available under the creative commons attribution sharealike license ; 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