Prudential Bank Limited

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Prudential Bank
Type Private
Industry Financial Services
Founded 1996
Headquarters 8 Nima Avenue, Ring Road Central, Accra, Ghana
Key people John Sackah Addo, Chairman
Stephen Sekyere-Abankwah, Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase(Pretax) US$4.6 million (2007)
Total assets US$220 million (2007)[1]
Website Homepage

Prudential Bank Limited (PBL), commonly known as Prudential Bank, is a private bank in Ghana.

Overview[edit]

The bank was incorporated in 1993. It opened its doors on August 15, 1996 with the first branch in Accra. Prudential Bank is a medium-sized bank specializing in meeting the banking needs of small and medium-sized businesses as well as those of individuals.

Subsidiaries[edit]

The Bank has three subsidiary companies – PBL Properties Limited, Prudential Securities Limited and Prudential Stockbrokers Limited.

PBL Properties Limited is engaged in the acquisition and development of banking premises for the Bank and also the management of ancillary staff and facilities.

Prudential Securities Limited (PSL) is engaged in fund management, corporate finance and business advisory services.

Prudential Stockbrokers Limited is engaged in stockbrokerage, equity and economic research and advisory services.

Available at: https://www.prudentialbank.com.gh/maincat_select.cfm?prodcatID=1 (Accessed: 31 July 2014).

Ownership[edit]

The bank's stock is owned by the following corporate entities and individuals: [2]

Prudential Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 Messrs J. S. Addo Consultants Limited
2 Social Security and National Insurance Trust (SSNIT)
3 National Trust Holding Company Limited (NTHC)
4 Ghana Union Assurance Company Limited (GUA)
5 Prudential Bank Staff Provident Fund
6 Six (6) Ghanaian Individuals
Total 100.0%

Branch Network[edit]

As of April 2012, the bank had thirty (30) full service branches and two (2) agency branches in the following locations:[3]

  1. Abeka Branch - Accra
  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[4]
  9. Gicel Branch - Accra
  10. Kumasi Adum Branch - Kumasi
  11. Kumasi Main Branch - Kumasi
  12. Kwame Nkrumah Circle Branch - Accra
  13. Madina Branch - Accra
  14. Makola Branch - Accra
  15. Mataheko Branch - Accra
  16. Methodist University Agency Branch - Accra
  17. North Industrial Area Branch - Accra
  18. Odorkor Branch - Accra
  19. Ring Road Central Branch - Accra
  20. Spintex Road Branch - Accra
  21. Suame Maakro Branch - Kumasi
  22. Takoradi Harbour Branch - Takoradi
  23. Takoradi Market Circle Branch - Takoradi
  24. Tamale Branch - Tamale
  25. Tema Community 1 Branch - Tema
  26. Tema Fishing Harbour Branch - Tema
  27. Tesano Branch - Accra
  28. University of Cape Coast Branch - Cape Coast
  29. Valley View Agency Branch - Accra
  30. Weija Branch - Accra
  31. Zongo Junction Branch - Accra

External links[edit]

See also[edit]

References[edit]