Prudential Bank Ltd. (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.
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).
Overview
The bank was incorporated in 1993, and opened on 15 August 1996 with the first branch in Accra.
As of 31 December 2012, the bank's total assets were GHS:676.61 million, with shareholders' equity of GHS:85.1 million.
Subsidiary
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, and equity and economic research.
Ownership
The bank's stock was owned by the following corporate entities and individuals as of 30 June 2023:
Prudential Bank Limited stock ownership
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
As of July 2023, PBL had 39 branches and two agencies at the following locations:
(Aftertax) GHS:9.62 million (2012)
