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Finance
Stock Exchange on March 17, 1995. The objectives
of the institution included the overall program devel-
opment and management of a new housing finance
systembeing implemented under an International De-
velopment Association (World Bank affiliate) project.
On July 7, 1993, HFC incorporated a wholly owned
subsidiary company, Home Finance Investment
Fund (HFIF) to undertake the business of an invest-
ment company. In October 2001, HFIF changed its
name to HFC Investment Services Limited (HFC
ISL) in order to offer a broader range of investment
services. In August 1994, HFC-ISL established the
first Real Estate Investment Trust, HFC REIT in
the country.
On September 17, 1996, HFC issued the first cor-
porate bond (HFC Housebond) on the Ghana Stock
Exchange with a shelf registration of USD$35 million
to finance foreign currency mortgages.
On July 30, 2001, the Bank of Ghana issued HFC
with a deposit taking authorization and finally on No-
vember 17, 2003 the Bank of Ghana finally issued
HFC with a Universal Banking License culminating
in the company changing its name to HFC Bank
(Ghana) Ltd.
NDK FINANCIAL SERVICES
Oko - Nikoi Dzani
Chairman
PO Box 3387,
The NDK Building, No. 1 Rev.
Hesse Street, Osu,
(Opposite the Ohene Djan Sports Stadium),
Accra
Tel: (+233) 27 61802-4
Fax: (+233) 27 61805
info@ndkfinancialservices.com
The oldest company in the Finance House category
of the Non-Banking Financial Services industry in
Ghana, NDK began operations in 1991, prior to the
enactment of the Financial Institutions (Non-Bank-
ing Law) of 1993 – PNDC 328. The company has
played a leading role in spearheading discussions
and providing invaluable input for many of the laws
and regulations that govern the non-bank indus-
try. NDK continues to assist the Bank of Ghana in
improving the Non-Banking law and the regula-
tions under which all Non-Bank Institutions operate.
In 2007 NDK underwent a strategic reorienta-
tion process. Major changes in internal structures
and processes were initiated to ensure that the
Company was poised to meet the changing
needs of its customers. NDK increased its invest-
ment in the company’s human capital and up-
graded its technological systems in order to im-
prove the quality of service offered to its clients.
The outward manifestation of the changes resulted
in the redesigning of a new corporate visual identity.
NDK’s new logo represents the renewal of the com-
pany’s commitment to innovation and its dedication to
results. NDK has renewed its commitment to its brand
promise, its corporate values and its priority to un-
derstand its customers in order to better serve them.
In the competitive challenging economic landscape
of today, financial assistance in the form of loans, in-
vestment options and advice is a necessity for busi-
ness growth and prosperity.
NDK is able to meet the
changing needs of our customers and is interested
in collaborating with our clients to provide them with
tailor-made financing solutions.
STANBIC BANK GHANA LTD
Andani Alhassan
Managing Director
PO Box CT 2344,
Valco Trust House,
Castle Road Ridge,
Accra, Ghana
Tel: (+233) 30 2687670 / (+233) 30 2687678
Fax: (+233) 30 2687669
www.stanbic.com.gh
stanbicghana@stanbic.com.gh
Standard Bank Group is a global bank with African
roots. It is South Africa’s largest bank, distinguished
by its extensive operations in 17 African countries.
Outside the African continent, Standard Bank Group
operations span to 16 countries, with an emerging
market focus. Their customers benefit from their
knowledge and expertise in emerging markets, cou-
pled with their global outlook.
Standard Bank Group is listed on the JSE Limited,
share code SBK, and the Namibian Stock Exchange,
share code SNB. The group had total assets of over
R1 320 billion (approximately USD$173 billion) at 30
June 2010 and employed more than 52 000 (includ-
ing Liberty) people worldwide. Standard Bank’s mar-
ket capitalisation at 30 June 2010 was R162 billion
(approximately USD$22 billion).
The Group has played a central role in the develop-
ment of the Southern African economy for more than
145 years. It has done this by constantly aligning
its presence in the market place with the evolving