Prudential Bank Limited


Prudential Bank Limited, 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.

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.
As of 31 December 2012, the bank's total assets were GHS:676.61 million, with shareholders' equity of GHS:85.1 million.

Subsidiaries

As of April 2016, PBL maintained three wholly owned subsidiaries:
  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:
RankName of OwnerPercentage Ownership
1J. S. Addo Consultancy Ltd.24.82
2Frank Owusu12.76
3Kwesi Atuah12.46
4Prudential Bank Limited Staff Provident Fund11.18
5Ghana Union Assurance Company Limited11.02
6N. K. Omaboe10.43
7Stephen Sekyere-Abankwa5.21
8Kofi O. Esson5.01
9National Trust Holding Company Limited4.74
10John K. Addo2.37
Total100.0%

Branch network

As of December 2015, PBL had 34 branches and 2 agencies at the following locations:
  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
  9. East Legon Branch - East Legon, Accra
  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