Subsidiaries

Republic Investments, a wholly owned subsidiary of Republic Bank (Ghana) Ltd. is one of the pre-eminent providers of investments, asset management, corporate finance, research, and securities trading services. Republic Investments offers a unique and broad array of personalized services to its varied clientele. It creates and executes winning solutions with unmatched convenience which addresses every aspect of our clients’ financial lives. Republic Investments is licensed and regulated by the Securities and Exchange Commission (SEC) Ghana to operate in the capital market. The National Pensions Regulatory Authority (NPRA) has also licensed HFC Investments as a Fund Manager for the New Three Tier Pension Scheme.

Republic Investments operated originally under the name Home Finance Investment Fund (HFIF) when it was incorporated as a private limited liability company on July 17, 1993. It commenced business on August 26, 1993. In May 1991, Republic (HFC) Investments established the first collective investment scheme in Ghana, the HFC Unit Trust. This was in a bid to continue the pacesetting tradition of its parent company, Republic Bank (Ghana) Ltd. In furtherance of its objectives, it then established the first Real Estate Investment Trust (REIT) in July 1995. Currently, Republic Investments – through its Managed Funds wing – manages four funds, the third and fourth being Equity Trust and the Future Plan Trust (F-Plan). Altogether, the company has over GHS450 million of funds under management (including pension funds).

The Company is authorized to carry on the following activities:

Investment management, and for that purpose acquires, holds, manages and deals in securities or property of any description as a principal or agent. Establish and manage funds for investment purposes including, but not limited to, real estate profit sharing and other financial transactions. Provide property management, financial and investment services. Providing investment advisory services to individuals, funds and corporate bodies.
The Unit Trust, REIT and Equity Trust continued to dominate with a market share of 77% of total net asset values, out of the 18 licensed Unit Trust Schemes. The annual survey 2014 released by the Securities and Exchange Commission posted the following results represented by a pie chart as shown below:

Investment Services

• Corporate Finance and Advisory Services
• Asset Management
• Funds Management

Republic Securities facilitates capital market access for all categories of clients, individuals and institutions, both local and international. It engages in securities and fixed income trading and executes transactions in all the listed equities on the GSE in a timely and professional manner. Republic Securities also tracks trading performance on the GSE and provide clients with comprehensive information on the listed companies in order to help speed up investment decisions. Republic Securities is a Licensed Dealing Member (LDM) of the Ghana Stock Exchange (GSE).

PRODUCTS AND SERVICES

Republic Securities is positioned to meet the financial needs of its clients in the following areas:

• Stock Brokerage
• Fixed Income Trading
• Investment Advisory
• Capital and Money Market Analysis & Research
• Portfolio Management

In 2007, Republic Bank (Ghana) Limited and CHF International established Republic Boafo Limited formerly Boafo Microfinance Services Ltd, a microfinance service company which provides enterprise microfinance loans to households living and working in the informal settlements in Ghana. Since its inception, Republic Boafo has grown with a client base of more than 3,000 active borrowers.

Boafo, which means “helper” in the native Twi language, provides a “helping hand” to low- and moderate-income Ghanaians in their pursuit of business, shelter and educational opportunities. Republic Boafo is providing loans thanks to funding from the Global Development Alliance (GDA) of the U.S. Agency for International Development (USAID) and the United Nations Slum Upgrading Facility (SUF), in addition to Republic Bank (Ghana) Limited.

It is estimated that in Ghana, at least 1.9 million urban poor face limited access to credit to improve or build their homes or expand or start-up new enterprises. Republic Boafo therefore provides support to small businesses and households through:

• Loans to improve or expand homes in informal settlements.
• Loans to expand businesses to improve household incomes.
• Lower collateral requirements for loans to informal sector entrepreneurs than those required by other lenders.
• Access to savings services through the Republic Bank.
  Courses for clients on managing credit and home improvement projects