Sign in

Private company

AmalBank

Financial company in Ghana

Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in Ghana.2 It is headquartered in Accra.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1997Founded1

See how the biggest companies compare on our leaderboards

Amalgamated Holdings and Securities Limited, commonly known as AmalSec & Securities Subsidiaries, is a commercial financial and securities outfit in Ghana.2

The story

The firm was incorporated in 1997. In 2006, 49% shareholding in AmalSec was purchased by Meekly Enterprises of Nigeria. Meeky is also a major shareholder in Oceanic Group De Banco, one of Nigeria's leading financial services providers. In 2007, the total asset valuation of AmalSec was estimated at US$136 million. In June 2009, it was reported in the online Ghanaian publication "Public Agenda" that the total assets of AmalSec had doubled in 2008. It is therefore estimated that the total assets of the securities firm, as of June 2009, is approximately US$272 million.

From Wikipedia’s article on AmalBank, shared under CC BY-SA 4.0.3

Products and brands

  • loan

Listed on Wikidata.1

As of May 2011, the bank has nineteen (19) branches and one agency in the following locations:

Head Office - Farrar Avenue,

Kumasi Office - 24 February Road, Kumasi

Maamobi Office - Nima Highway, Accra

Read the full text

New Town Office - Hill Street Intersection, New Town

Central Accra Office - Ollivant Arcade, Accra

Ridge Office - Kanda Highway Extension, Accra

Michel Camp Road Office - Aseidua Plaza, Tema

Tamale Office - Daboya Street, Tamale

Osu Office - Cantonments Road, Osu

Takoradi Office - Market Circle, Takoradi

Kwashieman Office - Motorway Extension, Accra

East Legon Office - Lagos Avenue, Accra

Spintex Business office

Adum Business office

Tema Business Office

Dansoman Business Office

Madina Business Office

Abossey Okai Business Office

Sokoban Agency, Kumasi

From Wikipedia’s article on AmalBank, shared under CC BY-SA 4.0.3

Acquisitions

In April 2011, majority shareholding (60%) in AmalSec was acquired by the banner of Bank Of Africa Group (B.O.A). AmalSec then went under the umbrella of the parent company Bank Of Africa Ghana Limited (B.O.A)

From Wikipedia’s article on AmalBank, shared under CC BY-SA 4.0.3

Timeline

  1. 1997Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3