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Prudential Bank Limited

{{Short description|Private commercial bank in Ghana}}

{{Distinguish|Prudential Financial}}

{{Infobox company

| name = Prudential Bank Limited

| logo = Image:Prudential Bank logo.jpg

| type = Private

| foundation = {{start date and age|1996}}

| location = 8 John Hammond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana

| key_people = Muriel Susan Edusei
(chairman)
Bernard Appiah Gyebi
(managing director)

| num_employees =

| assets = GHS:676.61 million (2012)

| revenue = {{profit}}(Aftertax) GHS:9.62 million (2012)

| industry = Financial services

| products = Loans, checking, savings, investments, debit cards

| homepage = [http://www.prudentialbank.com.gh Homepage]|

}}

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.{{cite web | url=https://www.bog.gov.gh/privatecontent/Banking_Supervision/Licensed%20Banks%20Addresses%20for%20December%20%202015.pdf | format=PDF | title=Licensed Banks, Representative Offices & Their Registered Offices In Ghana – December 2015 | accessdate=14 April 2016 | date=14 April 2016 | publisher=Bank of Ghana (BOG) | last=BOG | location=Accra}}

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).{{google maps |

url=https://www.google.com/maps/place/5%C2%B034'24.0%22N+0%C2%B011'31.0%22W/@5.5733403,-0.1941377,17z/data=!3m1!4b1!4m2!3m1!1s0x0:0x0 | title=Location of the Headquarters of Prudential Bank Limited | accessdate=14 April 2016}}

Overview

The bank was incorporated in 1993, and opened on 15 August 1996 with the first branch in Accra.{{cite web | url=https://www.prudentialbank.com.gh/maincat_select.cfm?prodcatID=1 |

accessdate=14 April 2016 | title= Prudential Bank Limited: About Us | publisher=Prudential Bank Limited (PBL) | last=PBL | location=Accra | date=14 April 2016}}

PBL is a medium-sized bank specializing in meeting the banking needs of small and medium-sized businesses and individuals.{{citation needed|date=April 2016}}

As of 31 December 2012, the bank's total assets were GHS:676.61 million, with shareholders' equity of GHS:85.1 million.{{cite web | date=31 December 2012 | location=Accra | url=https://www.prudentialbank.com.gh/downloads/Annual_Report_2012.pdf|

title=Prudential Bank Limited: Annual Report, 2012 | accessdate=14 April 2016| publisher=Prudential Bank Limited (PBL) | format=PDF | last=PBL}}

Subsidiaries

As of July 2023, PBL maintained one wholly-owned subsidiary, Prudential Securities Limited, which 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:

class="wikitable sortable" style="margin-left:auto;margin-right:auto"

|+ Prudential Bank Limited stock ownership

! style="width:2em;" |Rank !!Name of owner!!Percentage 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 two agencies at the following locations:{{cite web | accessdate=14 April 2016 | location=Accra | url=https://www.prudentialbank.com.gh/maincat_branch_select.cfm?prodcatID=12&CFID=68572122&CFTOKEN=cee27a056c966274-153D51AA-DC32-6DF6-98DD34D234A34B54&jsessionid=ac307b3d020f23162f2c42241226d687e488 | last=PBL|

date=14 April 2016 | title=Prudential Bank Limited: Branch Network | publisher=Prudential Bank Limited (PBL)}}

  1. Abeka Branch - Accra{{cite web | accessdate=14 April 2016 | url=http://www.modernghana.com/news/236117/prudential-bank-opens-branch-at-abeka.html | title=Prudential Bank opens branch at Abeka | date=3 September 2009

| publisher=Modern Ghana Quoting Ghana News Agency | last=Ghana News Agency |location=Accra}}

  1. Aboabo Branch - Kumasi
  2. Abossey Okai Branch - Accra
  3. Accra Branch - Accra
  4. Adentan Branch - Accra
  5. Afful Nkwanta Branch - Kumasi
  6. Airport City Branch - Accra
  7. Atonsu Branch - Kumasi
  8. Cantonments Branch - Accra
  9. Cape Coast Branch - Cape Coast{{cite web | date=8 August 2009 |

url=http://allafrica.com/stories/200908120742.html | title=Ghana: Prudential Bank Opens One in Cape Coast | publisher=Accra Daily Mail (ADM) via AllAfrica.com | location=Accra | accessdate=14 April 2016 | last=ADM}}

  1. East Legon Branch - East Legon, Accra{{cite web | last=GDG | url=http://www.graphic.com.gh/business/business-news/6554-prudential-bank-inaugurates-east-legon-branch.html | title= Prudential Bank inaugurates East Legon branch | publisher=Ghana Daily Graphic (GDG)| accessdate=14 April 2016 | date=27 November 2013 | location=Accra}}
  2. Gicel Branch - Accra
  3. Haatso Branch - Accra
  4. Koforidua Branch - Koforidua
  5. Kumasi Adum Branch - Kumasi
  6. Kumasi Main Branch - Kumasi
  7. Madina Branch - Accra
  8. Makola Branch - Accra
  9. Mataheko Branch - Accra
  10. Methodist University Agency Branch - Accra
  11. Nungua Branch - Accra
  12. Odorkor Branch - Accra
  13. Okaishie Branch - Accra
  14. Ring Road Central Branch - Accra
  15. Santasi Roundabout Branch - Kumasi
  16. Spintex Road Branch - Accra
  17. Suame Maakro Branch - Kumasi
  18. Sunyani Branch - Sunyani
  19. Taifa Branch - Accra
  20. Takoradi Harbour Branch - Takoradi
  21. Takoradi Market Circle Branch - Takoradi
  22. Tamale Branch - Tamale
  23. Techiman Branch - Techiman
  24. Tema Community 1 Branch - Tema
  25. Tema Fishing Harbour Branch - Tema
  26. Tesano Branch - Accra
  27. University of Cape Coast Branch - Cape Coast
  28. University of Cape Coast Agency Branch - Cape Coast
  29. University of Ghana Branch - Accra
  30. Valley View Agency Branch - Accra
  31. Weija Branch - Accra

See also

{{Portal|Banks}}

References

{{reflist}}

External links

  • [http://www.prudentialbank.com.gh Prudential Bank Limited Homepage]
  • [http://ghanabusinessnews.com/2009/06/18/prudential-bank-launches-‘susu’-scheme/ PBL launches "Susu" Financial Program for SME's]
  • [http://www.ghana.gov.gh/ghana/aboabo_branch_prudential_bank_opens.jsp PBL opens new branch in Aboabo, Kumasi]

{{Economy of Ghana}}

Category:Banks of Ghana

Category:Companies based in Accra

Category:Banks established in 1996

Category:Ghanaian companies established in 1996