User:Payowebs/sandbox
 | A major contributor to this article appears to have a close connection with its subject. (May 2016) |
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| Company type | Private ownership |
|---|---|
| Industry | Financial Services |
| Founded | 1999 |
| Headquarters | John Evans Atta Mills High St, Accra, Greater Accra |
Key people | Frank Opoku Agyemang Chairman Joseph S. Appiah Chief Executive Officer Dr. Paa Kwaku Osei Chief Operating Officer |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |  :Aftertax: US$7.6 million (2013) (GHS:29,944,000) |
| Total assets | US$243+ million (2014) (GHS:957.4 Million) |
| Website | Homepage |
Payoneer Bank (Ghana) Limited, commonly known as payoBank, is an indigenous private bank in Ghana West Africa. payoBank is one of the twenty-eight (28) commercial banks licensed to operate in Ghana
Overview
[edit]payoBank is a mid-sized financial services provider, the bank's total assets were valued at approximately US$243 million (GHS:957.4 Million), with shareholders' equity of approximately US$50 million (GHS:151 million).
History
[edit]payoBank was incorporated in 1999 as a financial services provider. Following the issuance of a banking license, payoBank began providing banking services in December 1999, focusing on meeting the banking needs of small and medium-sized enterprises (SMEs) and those of individual customers. In 20012, the bank began offering Internet banking and mobile banking.
Ownership
[edit]The stock of payoBank is privately held. The detailed shareholding in the company stock is not publicly available at the moment.
Branch Network
[edit]As of January 2016, payoBank maintained Thirty-nine (39) networked branches in seven of Ghana's ten (10) Regions namely: Ashanti, Greater Accra, Western Region, Eastern Region, Brong Ahafo, Northern Region and Upper East Region.