OmniBSIC Bank

What OmniBSIC Bank does

OmniBSIC Bank Ghana Limited is a privately held universal bank headquartered at Atlantic Tower, Airport City, Accra, Ghana, formed in 2019 through the merger of OmniBank Ghana Limited and Sahel Sahara Bank (BSIC) Ghana Limited — a consolidation driven by the Bank of Ghana's 2017 sector reforms that raised minimum capital requirements from GH¢120 million to GH¢400 million. The bank serves three primary customer segments — personal banking, SME banking, and corporate banking — through a horizontal segmentation approach, with a secondary persona-led focus on women entrepreneurs via the BOLD Initiative. As of 2025 the bank reports GH¢21.58 billion in total assets, GH¢16.56 billion in customer deposits, GH¢2.46 billion in interest income, GH¢1.43 billion in operating income, and a profit before tax of GH¢641 million representing 104% year-over-year growth.

Its core product architecture spans deposit accounts (Current LCY/FCA/FEA, Savings, Classic, Flexsave, Smart Salary, Junior Savings, Student), credit facilities (Term Loans, Personal Loans, Scheme Loans, Cash Backed Loans, Overdraft, Receivable Finance), guarantee products (Advance Payment Guarantee, Bank Guarantee, Bid Security, Performance Security, Retention Guarantee, Comfort Letter), treasury instruments (Fixed Deposits, Treasury Bills/Notes/Bonds, FX services, FX Swaps, FX Forwards, Repurchase Agreements), trade finance (Letters of Credit, Import/Export Bills, Outward/Inward SWIFT Transfers, PAPSS), and a bancassurance line (Wealth Master, Child Education Plan, Esteem Homecall, Ultimate Protect). The digital banking module delivers a mobile banking app (iOS/Android with biometric login and GhQR scanning), USSD banking on *788#, internet banking, POS terminals accepting Visa/MasterCard/mobile money, GhanaPay mobile wallet integration, E-zwich biometric smartcard, and remittance services — all integrated with Ghanaian national payment rails (GHIPSS Instant Pay, ACH, E-zwich) and pan-African PAPSS for cross-border settlement. Distribution combines a 40+ branch physical network across Ghana with the multi-channel digital stack.

The revenue model is a hybrid of interest income from lending activities (the dominant stream at GH¢2.46 billion), recurring account maintenance and subscription charges across account tiers, transaction fees on ATM/POS/mobile money/internet banking transfers, foreign exchange revenue from USD/EUR/GBP/XOF transactions, and fee income from trade finance, guarantees, and bancassurance commissions. Go-to-market blends enterprise field sales for corporate/SME relationships, product-led growth through self-serve digital channels (USSD, mobile app), and channel partnerships with fintechs (Indelible for Pay2Nature, GhanaPay for wallet interoperability) and CSR-aligned organizations (CSIR-IIR, Ocean Tribe Foundation). Pricing is quote-based with monthly billing on accounts and pay-as-you-go on loan usage.

Name

OmniBSIC Bank

Legal name

OmniBSIC Bank Ghana Limited

Website

https://omnibsic.com.gh

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OmniBSIC Bank is a Ghanaian universal bank formed in 2019 through the merger of OmniBank and BSIC, serving personal, SME, and corporate customers with deposit accounts, loans, treasury, trade finance, and bancassurance across 40+ branches and full digital channels.

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Underbanked/Financial Inclusion Neobanks (FSABAFAJ)

Keywords

• Retail banking services
• Corporate banking solutions
• Trade finance services
• Digital banking channels
• Bancassurance products

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue stream from lending activities including personal loans, corporate loans, and SME financing. Interest income of GH¢2.46 billion reported for the period.
2. Transaction Fees: Fees generated from electronic banking transactions including ATM withdrawals, POS transactions, mobile money transfers, and internet banking transfers.
3. Account Maintenance Charges: Monthly or periodic charges applied to various account types including current accounts, savings accounts, and business accounts based on account tier and features.
4. Foreign Exchange Revenue: Revenue generated from foreign currency exchange services for personal and corporate customers conducting international transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels5 records

Core offering

OmniBSIC Bank is a universal bank in Ghana providing personal, SME, and corporate banking products including current and savings accounts, term and personal loans, overdrafts, guarantees, trade finance (letters of credit, import/export bills, PAPSS), treasury products (fixed deposits, FX, treasury bills), bancassurance policies, and digital banking services delivered through 40+ branches and mobile app, USSD, and internet banking channels.

Product overview

OmniBSIC Bank is a universal bank in Ghana offering a comprehensive suite of banking products and services through a platform-plus-modules architecture. The core banking platform encompasses personal and corporate current and savings accounts (LCY/FCA/FEA), term loans, personal loans, scheme loans, overdrafts, and guarantee products. The digital banking module includes mobile banking app, internet banking, USSD (*788#), POS terminals, GhanaPay mobile wallet, E-zwich biometric card, and remittance services. The treasury module offers fixed deposits, treasury bills/notes/bonds, foreign exchange services, FX swaps, FX forwards, and repurchase agreements. Trade services include letters of credit, import/export bills, and PAPSS cross-border payments. Bancassurance products (Wealth Master, Child Education Plan, Esteem Homecall, Ultimate Protect) are offered alongside. The BOLD Initiative provides specialized women empowerment banking services. The bank operates 40+ branches nationwide with extensive digital banking infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Current Account (LCY/FCA/FEA) Non-interest bearing transactional account for everyday banking. Available in local currency (GHS), foreign exchange account (FCA), and foreign currency account (FEA) for individuals and corporates.
• Savings Account High-interest earning savings account for individuals with daily interest accrual and monthly credit. Features optional electronic cards and e-banking access.
• Classic Account Premium account blending chequeing and savings features with competitive interest rates (4% p.a.) on daily minimum balances of GHS50,000 and above. Includes personalized chequebook, relationship manager access, and ultra-modern lounge.
• Flexsave Account
• Smart Salary Account
• Junior Savings Account
• Student Account
• SME Current Account (LCY)
• Corporate Savings Account
• Term Loans
• Personal Loan
• Scheme Loan
• Cash Backed Loan
• Overdraft
• Advance Payment Guarantee
• Bank Guarantee
• Bid Security
• Performance Security
• Retention Guarantee
• Receivable Finance
• Comfort Letter
• Wealth Master
• Child Education Plan
• Esteem Homecall Plan
• Ultimate Protect
• Visa Classic Debit Card
• Visa Classic Prepaid Card
• Visa Classic Credit Card
• Fuel Prepaid Card
• Mobile Banking App
• Internet Banking
• USSD Banking (*788#)
• Point of Sale (POS)
• GhanaPay
• E-zwich Card
• Mobile Money
• Ghana-Link Card
• Remittances
• Automated Clearing House (ACH)
• Cheque Codeline Cleaning
• GHIPSS Instant Pay
• Cash Collection
• Fixed Deposit
• Treasury Bills, Notes and Bonds
• Foreign Exchange Services
• FX Swaps
• FX Forwards
• Repurchase Agreement
• Outward Transfer
• Inward Transfer
• Letter of Credit
• Import & Export Bills for Collection
• Cheque for Collection
• PAPSS
• BOLD Initiative Women empowerment banking program offering financial solutions, expert workshops, mentorship, and BOLD Loyalty Card with partner brand discounts.
• Funeral Collection Service
• Pay2Nature Embedded Nature Finance Solution Ghana's first embedded nature finance solution deployed in partnership with Indelible, leveraging blockchain technology to enable seamless nature conservation payments and environmental impact tracking through the bank's digital platform, allowing corporate banking customers to contribute to verified environmental causes.

Quantifiable outcome

• 104% increase in profit year-over-year in 2025
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• IndeliblecoreTechnology or Integration · 1 January 2025OmniBSIC Bank Ghana Ltd has partnered with Indelible, a nature fintech infrastructure company, to deploy Pay2Nature - Ghana's first embedded nature finance solution. The partnership leverages blockchain technology to enable seamless nature conservation payments and environmental impact tracking through the bank's digital platform, allowing customers to contribute to environmental causes through their banking experience.
• CSIR-IIR (Council for Scientific and Industrial Research - Institute of Industrial Research)coreStrategic or Co-development Partner · 1 January 2025OmniBSIC Bank has partnered with CSIR-IIR and Ocean Tribe Foundation to launch the 'Plastics, the Waste and the Management for Teens' environmental education program. The initiative focuses on youth education about plastic waste management and environmental conservation, integrating the bank's CSR activities with scientific research and community advocacy.
• Ocean Tribe FoundationcoreStrategic or Co-development Partner · 1 January 2025Joint initiative with CSIR-IIR and OmniBSIC Bank to implement the 'Plastics, the Waste and the Management for Teens' program. Ocean Tribe Foundation contributes marine and environmental conservation expertise to the partnership, supporting youth engagement in ocean and environmental protection activities.
• GhanaPaycoreTechnology or IntegrationIntegration with GhanaPay national mobile money switch enabling interoperability and seamless fund transfers across mobile money platforms. This partnership allows OmniBSIC Bank customers to transact seamlessly with other mobile money users and access a broader payment ecosystem.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• GCB Bank PLC: Ghana's largest state-owned universal bank offering personal, SME, and corporate banking across an extensive domestic branch network. Directly comparable to OmniBSIC as a Ghanaian universal bank competing for the same retail, SME and corporate wallet share.
• Ecobank Ghana Limited: Subsidiary of the Ecobank Transnational group, one of Ghana's largest banks with full retail, corporate and trade finance capabilities. Competes head-to-head with OmniBSIC in the corporate/SME space and offers comparable digital and USSD channels.
• Stanbic Bank Ghana: Subsidiary of Standard Bank Group providing personal, business and corporate banking plus investment banking in Ghana. Directly comparable universal bank targeting the same SME, corporate and high-net-worth segments as OmniBSIC.
• CalBank PLC: Ghanaian-listed universal bank providing corporate, SME and retail banking with a strong digital banking proposition. Comparable in scale and product breadth to OmniBSIC and competes directly for corporate and SME clients.
• Absa Bank Ghana: Universal bank (formerly Barclays Bank Ghana) serving retail, SME and corporate clients with full digital channels. Comparable product set and customer segments to OmniBSIC, with stronger pan-African brand recognition.
• Zenith Bank Ghana: Subsidiary of Zenith Bank Plc (Nigeria), providing corporate, commercial and retail banking in Ghana. Directly comparable in target customer segments; notably OmniBSIC's MD was formerly CEO of Zenith Bank Ghana.
• Access Bank Ghana: Ghanaian subsidiary of Access Holdings (formerly Intercontinental Bank), offering universal banking including corporate, SME and personal. Competes with OmniBSIC across personal and SME segments and shares a similar growth-oriented profile.
• Fidelity Bank Ghana: Universal bank with strong SME and retail focus in Ghana, part of the Nigerian Fidelity Bank group. Comparable to OmniBSIC in digital banking emphasis and SME lending orientation.
• Republic Bank (Ghana) Limited: Ghanaian universal bank (formerly HFC Bank), now part of Republic Financial Holdings of Trinidad and Tobago. Comparable to OmniBSIC as a mid-tier Ghanaian universal bank with mortgage/retail/SME focus.
• Agricultural Development Bank of Ghana: State-owned Ghanaian bank providing universal and development banking including agribusiness, SME and personal banking. Comparable in product breadth and Ghanaian focus; notably OmniBSIC's MD was formerly CEO of ADB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OmniBSICGh

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OmniBSIC Bank