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Prudential Bank Limited

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Not to be confused with Prudential Financial.
Prudential Bank Limited
Company typePrivate
IndustryFinancial services
Founded1996; 28 years ago (1996)
Headquarters8 John Hammond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana
Key people
Mrs. Muriel Susan Edusei
Chairman
Bernard Appiah Gyebi
Managing director
ProductsLoans, checking, savings, investments, debit cards
RevenueIncrease(Aftertax) GHS:9.62 million (2012)
Total assetsGHS:676.61 million (2012)
WebsiteHomepage

Prudential Bank Limited (PBL), commonly known as Prudential Bank, is a private commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator.[1]

Location

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The headquarters of the bank is located at 8 John Hammond Street, Ring Road Central, Kanda, Accra, Ghana's capital and largest city. The coordinates of the bank's headquarters are 5°34'24.0"N, 0°11'31.0"W (Latitude:5.573335; Longitude:-0.191949).[2]

Overview

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The bank was incorporated in 1993, and opened on 15 August 1996 with the first branch in Accra.[3]

PBL is a medium-sized bank specializing in meeting the banking needs of small and medium-sized businesses and individuals.[citation needed]

As of 31 December 2012, the bank's total assets were GHS:676.61 million, with shareholders' equity of GHS:85.1 million.[4]

Subsidiaries

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As of July 2023, PBL maintained one wholly-owned subsidiary:[3]

Prudential Securities Limited is engaged in funds management, pension fund management, corporate finance, business advisory services as well as equity and economic research.


Ownership

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The Bank's stock was owned by the following corporate entities and individuals as of 30th June 2023:[3][4]

Prudential Bank Limited Stock Ownership
Rank Name of Owner Percentage Ownership
1 Ghana Amalgamated Trust 47.00
2 Frank Owusu 17.10
3 J. S. Addo Consultants Limited 8.63
4 Trustees of PBL Staff Provident Fund 6.47
5 Akwasi Aboagye Atuah 4.33
6 Ghana Union Assurance Company Limited 4.25
7 Stephen Sekyere-Abankwa 3.66
8 Nortey K. Omaboe 3.63
9 Kofi O. Esson 2.09
10 NTHC Brokerage Services Limited 1.65
11 John K. Addo 0.82
12 Nana Agyei Duku 0.38
Total 100.0%

Branch network

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As of July 2023, PBL had 39 branches and 2 agencies at the following locations:[5]

  1. Abeka Branch - Accra[6]
  2. Aboabo Branch - Kumasi
  3. Abossey Okai Branch - Accra
  4. Accra Branch - Accra
  5. Adentan Branch - Accra
  6. Afful Nkwanta Branch - Kumasi
  7. Airport City Branch - Accra
  8. Atonsu Branch - Kumasi
  9. Cantonments Branch - Accra
  10. Cape Coast Branch - Cape Coast[7]
  11. East Legon Branch - East Legon, Accra[8]
  12. Gicel Branch - Accra
  13. Haatso Branch - Accra
  14. Koforidua Branch - Koforidua
  15. Kumasi Adum Branch - Kumasi
  16. Kumasi Main Branch - Kumasi
  17. Madina Branch - Accra
  18. Makola Branch - Accra
  19. Mataheko Branch - Accra
  20. Methodist University Agency Branch - Accra
  21. Nungua Branch - Accra
  22. Odorkor Branch - Accra
  23. Okaishie Branch - Accra
  24. Ring Road Central Branch - Accra
  25. Santasi Roundabout Branch - Kumasi
  26. Spintex Road Branch - Accra
  27. Suame Maakro Branch - Kumasi
  28. Sunyani Branch - Sunyani
  29. Taifa Branch - Accra
  30. Takoradi Harbour Branch - Takoradi
  31. Takoradi Market Circle Branch - Takoradi
  32. Tamale Branch - Tamale
  33. Techiman Branch - Techiman
  34. Tema Community 1 Branch - Tema
  35. Tema Fishing Harbour Branch - Tema
  36. Tesano Branch - Accra
  37. University of Cape Coast Branch - Cape Coast
  38. University of Cape Coast Agency Branch - Cape Coast
  39. University of Ghana Branch - Accra
  40. Valley View Agency Branch - Accra
  41. Weija Branch - Accra


See also

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References

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  1. ^ BOG (14 April 2016). "Licensed Banks, Representative Offices & Their Registered Offices In Ghana – December 2015" (PDF). Accra: Bank of Ghana (BOG). Retrieved 14 April 2016.
  2. ^ "Location of the Headquarters of Prudential Bank Limited" (Map). Google Maps. Retrieved 14 April 2016.
  3. ^ a b c PBL (14 April 2016). "Prudential Bank Limited: About Us". Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
  4. ^ a b PBL (31 December 2012). "Prudential Bank Limited: Annual Report, 2012" (PDF). Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
  5. ^ PBL (14 April 2016). "Prudential Bank Limited: Branch Network". Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
  6. ^ Ghana News Agency (3 September 2009). "Prudential Bank opens branch at Abeka". Accra: Modern Ghana Quoting Ghana News Agency. Retrieved 14 April 2016.
  7. ^ ADM (8 August 2009). "Ghana: Prudential Bank Opens One in Cape Coast". Accra: Accra Daily Mail (ADM) via AllAfrica.com. Retrieved 14 April 2016.
  8. ^ GDG (27 November 2013). "Prudential Bank inaugurates East Legon branch". Accra: Ghana Daily Graphic (GDG). Retrieved 14 April 2016.
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