Prudential Bank Limited

Prudential Bank Ltd.
TypePrivate
IndustryFinancial services
Founded1996; 30 years ago (1996)
Headquarters8 John Harmond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana
Key peopleMuriel Susan Edusei, chairman
Ebow Quayson, acting managing director
ProductsLoans, checking, savings, investments, debit cards
RevenueIncrease(Aftertax) GHS:9.62 million (2012)
Total assetsGHS:676.61 million (2012)
WebsiteHomepage

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.

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.

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
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 two agencies at the following locations:

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. 1 2 3 PBL (14 April 2016). "Prudential Bank Ltd.: About Us". Accra: Prudential Bank Ltd. (PBL). Retrieved 14 April 2016.
  4. 1 2 PBL (31 December 2012). "Prudential Bank Ltd.: Annual Report, 2012" (PDF). Accra: Prudential Bank Ltd. (PBL). Retrieved 14 April 2016.
  5. ↑ PBL (14 April 2016). "Prudential Bank Ltd: Branch Network". Accra: Prudential Bank Ltd (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 (GDG)". Daily Graphic. Accra. Retrieved 14 April 2016.