Prudential Bank Limited

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]

Not to be confused with Prudential Financial.
Prudential Bank Limited
Private
IndustryFinancial services
Founded1996 (1996)
Headquarters8 John Hammond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana
Key people
J. S. Addo
Chairman
Stephen Sekyere-Abankwa
Managing director
ProductsLoans, checking, savings, investments, debit cards
Revenue(Aftertax) GHS:9.62 million (2012)
Total assetsGHS:676.61 million (2012)
WebsiteHomepage

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]

Subsidiaries

As of April 2016, PBL maintained three wholly owned subsidiaries:[3]

  1. PBL Properties Limited - Accra, Ghana. Acquires, develops, and manages properties and auxiliary staff for the bank.
  2. Prudential Securities Limited - Accra, Ghana. Wealth management, corporate finance, and business advisory services.
  3. Prudential Stockbrokers Limited - Accra, Ghana. Stockbrokage, economic research, and advisory services.

Ownership

The bank's stock was owned by the following corporate entities and individuals as of 31 December 2012:[3][4]

Prudential Bank Limited Stock Ownership
RankName of OwnerPercentage Ownership
1J. S. Addo Consultancy Ltd.24.82
2Frank Owusu12.76
3Kwesi Atuah12.46
4Prudential Bank Limited Staff Provident Fund11.18
5Ghana Union Assurance Company Limited11.02
6N. K. Omaboe10.43
7Stephen Sekyere-Abankwa5.21
8Kofi O. Esson5.01
9National Trust Holding Company Limited4.74
10John K. Addo2.37
Total100.0%

Branch network

As of December 2015, PBL had 34 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. Adenta Branch - Accra
  6. Afful Nkwanta Branch - Kumasi
  7. Atonsu Branch - Kumasi
  8. Cape Coast Branch - Cape Coast[7]
  9. East Legon Branch - East Legon, Accra[8]
  10. Gicel Branch - Accra
  11. Kumasi Adum Branch - Kumasi
  12. Kumasi Main Branch - Kumasi
  13. Kwame Nkrumah Circle Branch - Accra
  14. Madina Branch - Accra
  15. Makola Branch - Accra
  16. Mataheko Branch - Accra
  17. Methodist University Agency Branch - Accra
  18. North Industrial Area Branch - Accra
  19. Odorkor Branch - Accra
  20. Ring Road Central Branch - Accra
  21. Spintex Road Branch - Accra
  22. Suame Maakro Branch - Kumasi
  23. Takoradi Harbour Branch - Takoradi
  24. Takoradi Market Circle Branch - Takoradi
  25. Tamale Branch - Tamale
  26. Tema Community 1 Branch - Tema
  27. Tema Fishing Harbour Branch - Tema
  28. Tesano Branch - Accra
  29. University of Cape Coast Branch - Cape Coast
  30. Valley View Agency Branch - Accra
  31. Weija Branch - Accra
  32. Zongo Junction Branch - Accra

See also

References
  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. Google (14 April 2016). "Location of the Headquarters of Prudential Bank Limited" (Map). Google Maps. Google. Retrieved 14 April 2016.
  3. PBL (14 April 2016). "Prudential Bank Limited: About Us". Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
  4. 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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