Prudential Bank Limited
 | |
| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1996 |
| Headquarters | 8 John Harmond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana |
Key people | Muriel Susan Edusei, chairman Ebow Quayson, acting managing director |
| Products | Loans, checking, savings, investments, debit cards |
| Revenue |  (Aftertax) GHS:9.62 million (2012) |
| Total assets | GHS:676.61 million (2012) |
| Website | Homepage |
Prudential Bank Ltd. (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
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
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.
As of 31 December 2012, the bank's total assets were GHS:676.61 million, with shareholders' equity of GHS:85.1 million.[4]
Subsidiary
As of July 2023, PBL maintained one wholly owned subsidiary,[3] Prudential Securities Limited, which is engaged in funds management, pension fund management, corporate finance, business advisory services, and equity and economic research.
Ownership
The bank's stock was owned by the following corporate entities and individuals as of 30 June 2023:[3][4]
| 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
As of July 2023, PBL had 39 branches and two agencies at the following locations:[5]
- Abeka Branch - Accra[6]
- Aboabo Branch - Kumasi
- Abossey Okai Branch - Accra
- Accra Branch - Accra
- Adentan Branch - Accra
- Afful Nkwanta Branch - Kumasi
- Airport City Branch - Accra
- Atonsu Branch - Kumasi
- Cantonments Branch - Accra
- Cape Coast Branch - Cape Coast[7]
- East Legon Branch - East Legon, Accra[8]
- Gicel Branch - Accra
- Haatso Branch - Accra
- Koforidua Branch - Koforidua
- Kumasi Adum Branch - Kumasi
- Kumasi Main Branch - Kumasi
- Madina Branch - Accra
- Makola Branch - Accra
- Mataheko Branch - Accra
- Methodist University Agency Branch - Accra
- Nungua Branch - Accra
- Odorkor Branch - Accra
- Okaishie Branch - Accra
- Ring Road Central Branch - Accra
- Santasi Roundabout Branch - Kumasi
- Spintex Road Branch - Accra
- Suame Maakro Branch - Kumasi
- Sunyani Branch - Sunyani
- Taifa Branch - Accra
- Takoradi Harbour Branch - Takoradi
- Takoradi Market Circle Branch - Takoradi
- Tamale Branch - Tamale
- Techiman Branch - Techiman
- Tema Community 1 Branch - Tema
- Tema Fishing Harbour Branch - Tema
- Tesano Branch - Accra
- University of Cape Coast Branch - Cape Coast
- University of Cape Coast Agency Branch - Cape Coast
- University of Ghana Branch - Accra
- Valley View Agency Branch - Accra
- Weija Branch - Accra
See also
References
- ↑ 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.
- ↑ "Location of the Headquarters of Prudential Bank Limited" (Map). Google Maps. Retrieved 14 April 2016.
- 1 2 3 PBL (14 April 2016). "Prudential Bank Ltd.: About Us". Accra: Prudential Bank Ltd. (PBL). Retrieved 14 April 2016.
- 1 2 PBL (31 December 2012). "Prudential Bank Ltd.: Annual Report, 2012" (PDF). Accra: Prudential Bank Ltd. (PBL). Retrieved 14 April 2016.
- ↑ PBL (14 April 2016). "Prudential Bank Ltd: Branch Network". Accra: Prudential Bank Ltd (PBL). Retrieved 14 April 2016.
- ↑ Ghana News Agency (3 September 2009). "Prudential Bank opens branch at Abeka". Accra: Modern Ghana Quoting Ghana News Agency. Retrieved 14 April 2016.
- ↑ ADM (8 August 2009). "Ghana: Prudential Bank Opens One in Cape Coast". Accra: Accra Daily Mail (ADM) via AllAfrica.com. Retrieved 14 April 2016.
- ↑ GDG (27 November 2013). "Prudential Bank inaugurates East Legon branch (GDG)". Daily Graphic. Accra. Retrieved 14 April 2016.
External links
- Prudential Bank Limited homepage
- PBL launches "Susu" Financial Program for SME's
- PBL opens new branch in Aboabo, Kumasi
