Databank was founded in April 1990 to provide corporate and public finance advisory services to companies in Ghana. Our Mission is to provide innovative and responsive corporate finance, brokerage, fund management and research services to local and foreign individuals, multinational companies, institutions, and portfolio investors for the ECOWAS sub-region.
Through the years, we have successfully expanded our operations and our presence in the Ghanaian market and beyond, building key relationships with the private sector, government and public corporations and educating our clients on the benefits of corporate advisory services. Databank currently consists of Databank Brokerage Ltd, Databank Asset Management Services Ltd, Databank Corporate Finance Ltd, Databank Research, and Databank Securities Ltd in The Gambia. Databank has branches in Tema, Kumasi, Takoradi, Liberia and The Gambia.
Databank has been influential in the development of the capital markets in Ghana, acting as advisor, placement agent and broker to private clients, government and corporations alike. Databank Brokerage Ltd has over the past ten years maintained a dominant market share of stock market activities on the Ghana Stock Exchange. We have also extended into the asset management and private equity financing markets.
Our flagship product - EPA¢K is the first licensed mutual fund in Ghana with a value of close to ¢700b or GH¢70m and over 53,000 investors. Our Asset Management wing has also developed the first licensed Money Market Fund in Ghana, the MFund. Our research team provides regular research on the Ghana Stock Exchange, its listed companies, the Ghanaian economy, and other relevant economic and financial matters. Databank Private Equity Group is spearheading the creation of four private equity Venture Capital Funds.
Databank has been involved in numerous groundbreaking transactions which have taken place on the Ghana Stock Exchange including advising the Ghanaian government on privatization deals, the private sale of 52% (US$21million) of the Social Security Bank (SSB), the US$25million packaged sale of government interests in seven listed companies; the first tender offer on the Ghana Stock Exchange (Enterprise Insurance Company Ltd); the US$35 million shelf offering of the HFC dollar-indexed bonds, and the first cross-border listing on the Ghana Stock Exchange (Trust Bank Ltd of The Gambia) Databank's vision is encapsulated in our BHAGS (Big, Hairy, Audacious Goals) in the coming five years and consistent with our “LEap HI” values of Leadership, Excellence, Humility and Integrity.