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]
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1996 |
| Headquarters | 8 John Hammond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana |
Key people | Mrs. Muriel Susan Edusei Chairman Bernard Appiah Gyebi 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 |
Location
editThe 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
editThe 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
editAs 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
editThe Bank's stock was owned by the following corporate entities and individuals as of 30th 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
editAs of July 2023, PBL had 39 branches and 2 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
editReferences
edit- ^ 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.
- ^ a b c PBL (14 April 2016). "Prudential Bank Limited: About Us". Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
- ^ a b PBL (31 December 2012). "Prudential Bank Limited: Annual Report, 2012" (PDF). Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
- ^ PBL (14 April 2016). "Prudential Bank Limited: Branch Network". Accra: Prudential Bank Limited (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". Accra: Ghana Daily Graphic (GDG). Retrieved 14 April 2016.