CalBank has secured a major financial lift after its Rights Issue and Private Placement raised GH¢1.164 billion, far above the GH¢900 million target.

The offer attracted 1,799 shareholders at GH¢0.29 per share, confirming strong investor appetite in the bank’s long-term vision.

The Private Placement also drew more than GH¢500 million in committed capital that the bank could not take up.

CalBank described the oversubscription as a powerful show of confidence in its brand, governance, and growth strategy.

The bank said the fresh capital will reinforce its ambition to become Ghana’s leading indigenous institution for service and innovation, while sustaining competitive returns for shareholders.

The new funds will help rebuild capital buffers, strengthen the balance sheet, and support bigger transaction sizes.

The bank said the capital will help maintain a strong capital adequacy ratio, fund priority pipeline transactions, expand operations in strategic locations, and enhance its technology platforms.

CalBank stressed that the goal is clear: turn investor confidence into long-term value and deepen the bank’s impact on the wider economy.

Board Chairman Daniel Sackey thanked shareholders and regulators.

He said the support was “a clear and undeniable endorsement of the trust investors continue to place in CalBank – our vision, our potential and the strategic role we occupy within Ghana’s financial ecosystem.”

Mr Sackey said the board remains committed to strong execution anchored on sound governance and prudent risk management.

Managing Director Carl Asem said the bank is entering “a new era – one defined by resilience, momentum, and disciplined growth.”

He said CalBank has spent the last two years quietly rebuilding its balance sheet to reflect its long-term goals.

Mr Asem added that the new capital is the final push needed to activate a renewed strategy built on innovation and customer focus.

He said the bank is now positioned to pursue growth with determination and responsibility.

Carl Asem thanked staff, customers, regulators, and shareholders for their support, describing the energy inside the bank as focused and inspired. He said leadership is committed to delivering meaningful and lasting value, especially strong and sustainable returns for shareholders.

CalBank extended its appreciation to all shareholders, regulators, and partners for their continued support.