CalBank : Notification Of Retirement Of Chief Executive Officer
November 09, 2023
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November 10th, 2023
Notification Of Retirement Of Chief Executive Officer
CalBank Plc (Ghana Stock Exchange: CAL) hereby announces that its Chief Executive Officer (CEO), Mr. Philip Owiredu, will be retiring from the Bank effective February 2024.
Mr. Owiredu joined CalBank as a Director of Finance in December 2004 and was appointed Chief Executive Officer in January 2020. The announcement of his retirement honors his nineteen-year career with the Bank and his leadership. During his tenure, he has led the Bank through a period of considerable change and will be known for setting a bold strategy to deliver a leading, technology-driven bank.
CalBank's Board Chairman Joe Mensah commented: "During his tenure, Philip Owiredu, has been an instrumental player in spearheading key operational aspects of the Bank's growth and development, notably our digital innovation agenda, driving the expansion of our retail strategy since 2018 and maintaining a strong corporate banking franchise. He has played a pivotal leadership role in the establishment of strategic local and regional partnerships which have underpinned the Bank's growth. On behalf of all the Board of Directors, management, and staff, I wish to thank him sincerely for his dedication to the Bank, its shareholders, and customers."
The Board of Directors will notify the Bank of Ghana of the nomination of a successor in due course to ensure a smooth transition.
CALBank plc published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 17:00:27 UTC.
CalBank Limited is a banking group organized around 4 areas of activity:
- treasury management (43.2% of net interest income);
- business bank (28.6%);
- retail bank (25.8%): sale of classic and specialized banking products and services (leasing,
mortgage loans, consumer loans, etc.);
- brokerage services (2.1%) ;
- others (0.3%).
At the end of 2021, the group has GHS 2,239.5 million in current deposits and GHS 5,161.9 million in current loans.
Products and services are marketed through a network of 33 branches located in Ghana.
CALBANK PLC 
