May 2026
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Largest Commercial Banking Public Companies in Ghana
Benchmark revenue and EBITDA valuation multiples for public comps like
Ecobank Ghana, GCB Bank, Agricultural Development Bank, Access Bank Ghana and Societe Generale Ghana.
 | Ecobank Ghana Ltd is a commercial banking corporation based in Ghana. Its service offering includes retail, corporate, and investment banking products. The bank functions through three operating segments namely Consumer banking focused on individuals who are grouped into a premier, advantage (personal banking), and classic & youth banking (direct banking); Commercial Banking focused on Business Banking and Medium Local Corporates such as SMEs, Medium Local corporates and Non-government public sector (schools, faith, NGOs & professional bodies); and Corporate banking specializes in serving the public sector, multinational institutions, financial institutions/international organizations and the Regional Corporate segment of the market. | $4 | -- | $1B | $1B | 3.4x | — | ||
| GCB Bank Ltd operates as a commercial bank in Ghana. The group's operating segments are Retail banking; Corporate banking; Treasury; and Commercial banking. It derives key revenue from the Retail banking segment. The bank offers various products and services including international money transfer, overdraft facilities, bulk cash collection, trade finance, payroll solutions, business advice, internet banking, and others. Geographically, it derives a majority of its revenue from Ghana. | $4 | -- | $940M | $1B | 1.9x | — | ||
| Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasury. Corporate Banking includes loans, deposits, and other transactions and balances with corporate customers, including the Agricultural sector. Retail Banking includes loans, deposits, and other transactions and balances with retail customers. The Central Treasury segment manages the Bank’s overall liquidity, funding, interest rate risk, foreign exchange risk, and investment portfolios. It generates the majority of its revenue from the Central Treasury segment. | $0 | -- | $777M | $917M | 6.0x | — | ||
| Access Bank Ghana PLC is a Ghana-based commercial bank. The bank provides universal banking services including Retail Banking, Commercial Banking, Business Banking, Personal Banking, and Exclusive Banking. It also provides support for financing landmark projects in the private and public sectors. It provides services to Corporate, Commercial, Retail customers, and Financial Institutions across Ghana. The company's segments include Institutional Banking, Commercial Banking, Personal, and Business Banking, and Treasury. | $3 | -- | $472M | $559M | 3.9x | — | ||
| Societe Generale Ghana PLC is a financial institution that provides retail banking, corporate banking, investment banking, and other financial intermediary financial services to individuals and corporates. Its business lines include Retail Banking, Corporate Banking and Treasury. The retail banking unit serves the needs of individuals, high net worth clients, and institutional clients. Corporate banking is responsible for providing loans and other credit facilities, as well as mobilizing deposits. The Treasury unit undertakes the bank's funding activities. | $1 | -- | $402M | $432M | 3.6x | — | ||
| Standard Chartered Bank Ghana PLC is a banking corporation registered in Ghana. It provides various banking services including personal banking, private banking, and business banking. The company manages its business into three segments namely, Corporate & Investment Banking, Wealth & Retail Banking, Ventures and Central & Other Items. The company's services include savings, loans, mortgages, credit cards, insurance, and investment opportunities for individual customers. It focuses on offering financial solutions to small-medium enterprises, corporates, and financial institutions. Geographically, it operates in Hong Kong, Korea, China, Singapore, UK, and U.S. | -- | -- | $349M | $380M | 2.4x | — | ||
| Median | $3 | -- | $624M | $738M | 3.5x | — |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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