CalBank’s latest capital-raising effort has delivered a dramatic outcome, with investors pushing the Rights Issue far beyond expectations and signalling a powerful show of confidence in the bank’s long-term direction.

The exercise raised GH¢1.164 billion against an approved target of GH¢900 million, exceeding it by 29.4%.

A total of 1,799 shareholders subscribed to the offer, marking one of the strongest investor responses the bank has recorded in recent years.

The offer opened on November 3, and closed on November 21, for GH¢0.29 per share.

The momentum spilt into the Private Placement as well, attracting more than GH¢500 million in committed capital, which the bank could not consummate.

CalBank described the investor turnout as a firm endorsement of its brand, governance, and growth strategy.

According to the bank, the capital infusion will strengthen its financial position and support its broader ambition to lead the indigenous banking space through innovation and solid customer service.

It noted that the new capital will help restore capital buffers, support larger transactions, maintain a robust capital adequacy ratio, fund priority-sector deals, expand its physical network, and upgrade its technology systems.

Board Chairman Daniel Sackey said the support from shareholders and regulators represents an undeniable vote of confidence.

He stated that the level of subscription shows the trust investors continue to place in the bank’s vision and potential.

Mr Sackey said this confidence reflects a shared belief in CalBank’s resilience and its ability to deliver sustainable value.

He assured stakeholders that the board remains committed to disciplined execution built on strong governance and prudent risk management.

Managing Director Carl Asem described the outcome as the start of a new era for the bank. He said CalBank has spent the past two years restructuring its balance sheet and rebuilding it to support long-term goals.

He added that the new capital is the final catalyst needed to activate a strategy anchored on innovation, customer focus, and operational excellence.

Mr Asem noted that the bank is ready to pursue growth with discipline, and said the energy within the institution is strong and purposeful.

He expressed gratitude to staff, customers, regulators, and shareholders for their loyalty and support. He reaffirmed leadership’s commitment to deliver consistent, sustainable value.

CalBank has extended appreciation to shareholders, regulators, and partners for their continued support as it moves into what it calls a more resilient and ambitious chapter.