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
TypePrivate
IndustryFinancial services
Founded1996 (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

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 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

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
RankName of OwnerPercentage Ownership
1Ghana Amalgamated Trust47.00
2Frank Owusu17.10
3J. S. Addo Consultants Limited8.63
4Trustees of PBL Staff Provident Fund6.47
5Akwasi Aboagye Atuah4.33
6Ghana Union Assurance Company Limited4.25
7Stephen Sekyere-Abankwa3.66
8Nortey K. Omaboe3.63
9Kofi O. Esson2.09
10NTHC Brokerage Services Limited1.65
11John K. Addo0.82
12Nana Agyei Duku0.38
Total100.0%

Branch network

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

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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