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Prudential Bank Limited

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Not to be confused with Prudential Financial.
Prudential Bank Limited
Company typePrivate
IndustryFinancial services
Founded1996
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
RevenueIncrease(Aftertax) GHS:9.62 million (2012)
Total assetsGHS:676.61 million (2012)
WebsiteHomepage

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]

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. It opened its doors 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

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
Rank Name of Owner Percentage Ownership
1 J. S. Addo Consultancy Ltd. 24.82
2 Frank Owusu 12.76
3 Kwesi Atuah 12.46
4 Prudential Bank Limited Staff Provident Fund 11.18
5 Ghana Union Assurance Company Limited 11.02
6 N. K. Omaboe 10.43
7 Stephen Sekyere-Abankwa 5.21
8 Kofi O. Esson 5.01
9 National Trust Holding Company Limited 4.74
10 John K. Addo 2.37
Total 100.0%

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