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First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing

Thu, Dec 18 2025 8:33 AM
in Business, Ghana General News
first atlantic bank plc marks major milestone with oversubscribed ipo and upcoming gse listing
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First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing

First Atlantic Bank has completed its Initial Public Offering (IPO), recording an oversubscription of the offer and signalling strong investor confidence in the Bank’s fundamentals and growth outlook. The offer, which closed on Friday, 4 December 2025, attracted broad participation from both institutional and other investors.

Following the successful completion of the IPO, The Bank is scheduled to list on the Ghana Stock Exchange (GSE) on Friday, 19 December 2025, with its shares expected to commence trading on the same day.

The event will bring together regulators, market operators, investors, and key stakeholders, formally confirming First Atlantic Bank as a publicly traded company.

First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing

The listing represents a significant step in First Atlantic Bank’s optimisation of its strategy, strengthening corporate governance, enhancing regulatory compliance and providing access to long-term capital.

The oversubscription of the offer reflects the Bank’s consistent financial performance underpinned by sustained profitability, balance-sheet growth, and continued investment in digital banking infrastructure. The Bank has prioritised technology-driven innovation, risk management, compliance, and customer-centric product development to strengthen its competitiveness in Ghana’s banking sector.

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First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing

The Board and Executive Management are grateful to the regulators, Bank of Ghana, Securities and Exchange Commission, National Pensions Regulatory Authority, and Ghana Stock Exchange for their invaluable support throughout the process.

Looking ahead, First Atlantic Bank is expected to leverage its strengthened capital position to support business growth, deepen financial inclusion, enable its regional expansion plans and contribute to the development of Ghana’s capital markets while delivering sustainable returns to shareholders. We are indeed committed to building …the Global Bank out of Ghana.

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