On 17th November 2003, the Bank was issued with a universal banking license by the Bank of Ghana thus, evolving into a fully fledged universal bank. HFC Bank (Ghana) limited currently provides a wide range of universal banking services namely: mortgage banking, commercial banking, investment banking, real estate services, microfinance operations and private equity/venture capital fund management. These make HFC Bank the most diversified universal banking institution in the Ghanaian Banking industry.
 
Leading Mortgage Finance Institution in Ghana         
 
HFC remains the leading mortgage provider in the country. The Bank has over 30% share of the mortgage industry.
 

Establishment of the First Collective Investment Scheme in Ghana

 
HFC is reputed for establishing the first Collective Investment Scheme in Ghana in 1991, and now manages four funds targeting different sectors of the economy. In July 1991, HFC successfully promoted the first Unit Trust (a collective investment scheme) in the country, which is currently one of the largest licensed collective investment schemes in Ghana. In 1995, the subsidiary company also successfully promoted the first Real Estate Investment Trust (REIT), which it manages to date. To date HFC Investments manages four collective investment schemes namely HFC Unit Trust, HFC Equity Trust, HFC REIT,HFC Future Plan.

 

Strong Investment Banking

In 1993, it incorporated Home Finance Investment Fund Limited (HFIF) renamed HFC Investments Services Limited (HFC-ISL), a wholly owned subsidiary, to undertake the business of property and funds management among others. The company has evolved as a strong brand in the investment banking industry with in Managed Funds, Financial Advisory, Brokerage and Asset Management departments. 

 

Pioneer in Bond Issuance

 
In September 1996, HFC introduced the first corporate bonds on the Ghana Stock Exchange by undertaking a shelf registration of USD35 million bonds on the Exchange. Between 1996 and 2001, out of the USD35.0 million Shelf-registered bonds, a total of USD14.2 million bonds have been issued in tranches. The Bank further made an additional GBP1.2 million shelf-registered bonds on the GSE in August 2001.
 

Consistent Dividend Payment and Capital Appreciation

 
From an IPO price of GH¢0.01 (1 Ghana pesewa – formerly ¢100) per share in 1995, the Bank’s share price stood at GH¢0.45 (45 Ghana pesewas) by end of year 2011. HFC has paid dividends consistently since 1993.
 
As at December 2012 the total issued shares of the Bank was 183.66 million ordinary shares and Market Capitalization of GH¢ 133.24 million (US$71.63 million).

Expanded Branch Network

 
From one (1) branch in 2003, HFC Bank currently has twenty-six (26) fully networked branches in the Greater Accra, Ashanti, Brong Ahafo, Northern, Eastern, Central and Western Regions. The Bank also has thirty (30) on-site and off-site Automatic Teller Machines (ATMs).
 
Providing Affordable Housing for Public Sector Workers

In November 2007, HFC was appointed Manager of the Public Sector Employees’ Housing Scheme put together by HFC Bank and the Government of Ghana aimed at providing affordable housing for public sector workers. The bank has financed over 300 mortgages under the scheme.
 
Strategic Alliances and Technical Assistance Programmes

Under a Technical Agreement, HFC Bank worked with the Central Bank of The Gambia to establish a mortgage institution in The Gambia in 1995.
HFC Bank, through a technical assistance programme, assisted the National Social Security and Insurance Trust (NASSIT), the National Pension Fund of Sierra Leone to establish a mortgage finance company in Sierra Leone in 2008.
At the request of private Estate Development Company in Liberia, the Bank is currently conducting an opportunity study to assess the feasibility of establishing a mortgage finance company in Liberia.
 
HFC Bank has strategic alliances in neighbouring West African countries such as Nigeria, The Gambia, Sierra Leone and Liberia.