Société Générale (SG)

Company type	Public
Traded as	GSE: SG-SSB
Industry	Financial services
Founded	1975
Headquarters	Ring Road Central, Accra, Greater Accra, Ghana
Key people	'Kofi Ampim[1] Chairman Sionle Yeo[2] Managing Director Arnaud Crouzet[3] Chief Operating Officer
Products	Loans, Checking, Savings, Investments, Debit Cards, Credit Cards
Revenue	Aftertax: US$ 15.4 million (GHS 30.3 million) (2012)[4]
Total assets	US$ 554+ million (GHS 1,088+ million) (2012)[5]
Website	societegenerale.com.gh

Societe Generale Ghana Limited (SG) is a bank that is based in Ghana, previously known as Société Générale - Social Security Bank (SG-SSB). The bank is part of the Société Générale banking group. The bank is based in Accra and its stock is listed on the Ghana Stock Exchange. It is a component of the GSE All-Share Index. According to its website it is the 7th largest bank in Ghana and has 45 networked branches in Ghana.^[6]

SG began in 1975 as "Security Guarantee Trust Limited" and the next year changed its name to "Social Security Bank Limited", or "SSB". In 1994, SSB and the "National Savings and Credit Bank" merged under a World Bank program. The next year, the government of Ghana divested its 21% share of the bank and it was converted to a public limited liability company and subsequently listed on the Ghana Stock Exchange. In 2004, the bank rebranded as SG-SSB after Societe Generale acquired a 51% controlling interest in the institution.^[7] and in 2013 rebranded as SG to conform with the group name Société Générale.^[8]

According to its website, the bank is the 5th largest commercial bank in Ghana by assets, as of December 2011.^[9] As of December 2010, the bank's total assets were valued at approximately US$423.4 million (GHS:685.9 million), with shareholders' equity of approximately US$71.9 million (GHS:116.2+ million).^[10] The bank markets the "Sika" program including the SIKA Card, a credit card and the Sikatext Initiative Program. The bank is actively investing in internet banking.

The bank is one of the Société Générale subsidiaries. Out of these, seventeen (17) are in Africa, in the countries of: Algeria, Benin, Burkina Faso, Cameroon, Chad, Côte d’Ivoire, Egypt, Ghana, Guinea, Equatorial Guinea, Madagascar, Mauritania, Morocco, Senegal, South African Republic, and Tunisia.^[11]

The bank's stock is listed on the Ghana Stock Exchange and is traded under the symbol: SG-SSB. Major shareholders in the bank include the following corporate entities and individuals:^[12]

As of December 2011, SG-SSB maintains a network of thirty-eight branches in all regions of Ghana.^[13]

• Accra New Town (Branch)
• Ashaiman ( Branch)
• Faanofa (Branch)
• Kaneshie Main (Branch)
• Spintex Road (Branch)
• Osu (Branch)
• East Legon (Branch)
• Lotteries (Agency)
• Pig Farm Spot Bank (Agency)
• North Industrial Area (Branch)
• Accra Main (Branch)
• Okaishie (Branch)
• Premier Towers (Branch)
• Ring Road Central (Branch)
• Tema Main Comm 2 (Branch)
• Tema Fishing Harbour (Branch)
• Tema Motorway Spot Bank (Agency)
• Tudu (Branch)
• Madina (Branch)
• Dansoman )(BRANCH)
• Achimota (BRANCH)

• Adum (Branch)
• Asafo (Branch)
• Kumasi Central (Branch)
• Suame (Branch)
• Tepa (Agency)
• Kejetia (Branch)

• Berekum (Branch)
• Sunyani (Branch)

• Cape Coast (Branch)
• Dunkwa (Branch)
• Kasoa (Branch)

• Akim Oda (Branch)
• Koforidua (Branch)

• Tamale (Branch)

• Bolgatanga (Branch)

• Ho (Branch)

• Adabokrom (Agency)
• Bibiani (Branch)
• Takoradi (Branch)
• Akontombra (Agency)
• Tarkwa (Branch)

• List of banks in Ghana
• Economy of Ghana

• SG-SSB Homepage
• Research on SG-SSB from Gold Coast Securities in Ghana, in PDF format
• Profile at Alacrastore
• The 20 Major Shareholders In SG-SSB