Corporate Profile of Databank
Founded in April 1990, Databank’s mission is to empower its customers to achieve financial independence by promoting financial literacy and offering a diverse range of investment products. To deliver on our mission, we provide innovative and responsive corporate finance, brokerage, fund management and research services to local and foreign individuals, multinational companies, pension trusts, institutions and portfolio investors for the ECOWAS sub-region.
We also assist those who are looking for private equity financing through our private equity group.
A history of firsts
Databank is known for its pace-setting role in the Ghanaian investment industry. Over the last two decades and more, Databank has been involved in numerous ground-breaking transactions that have taken place on the Ghana Stock Exchange (GSE) 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).
We were also the sponsoring brokers of the first initial public offering (IPO) to be oversubscribed by 200% (IPO of CAL Bank), the first security to be listed on the Ghana Alternative Market (Bond Programme of Izwe Loans Limited) and the largest corporate bond issue on the GSE (Bayport Financial Services Plc).
In the mutual fund space, Databank also launched the first equity fund, money market fund, balanced fund, ethical fund and two-tiered educational fund.
What We Offer
Databank Brokerage Ltd (DBL) 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 has maintained a dominant market share of stock market activities on the Ghana Stock Exchange for more than a decade. Through our brokerage wing, investors can tap into fixed-income investments (including treasury bills), trade shares listed on the Ghana Stock Exchange and enjoy corporate finance advisoryservices.
Through Databank Asset Management Services Ltd. (DAMSEL), investors have access to more mutual funds than any other investment bank in Ghana (Epack, MFund, BFund, ArkFund and EdIFund), institutional fund management for corporate, benefit and endowment funds, pension fund management and privatewealth management services.
Our award-winning Research Department provides institutions and individuals with the latest research on the Ghana Stock Exchange, its listed companies, the Ghanaian economy, and other relevant economic and financial matters.