Prudential Bank Limited
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]
Type | Private |
---|---|
Industry | Financial services |
Founded | 1996 |
Headquarters | 8 John Hammond Street (formerly 8 Nima Avenue), Ring Road Central, Accra, Ghana |
Key people | J. S. Addo Chairman Stephen Sekyere-Abankwa Managing director |
Products | Loans, checking, savings, investments, debit cards |
Revenue | (Aftertax) GHS:9.62 million (2012) |
Total assets | GHS:676.61 million (2012) |
Website | Homepage |
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, and opened 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.
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]
- PBL Properties Limited - Accra, Ghana. Acquires, develops, and manages properties and auxiliary staff for the bank.
- Prudential Securities Limited - Accra, Ghana. Wealth management, corporate finance, and business advisory services.
- 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]
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]
- Abeka Branch - Accra[6]
- Aboabo Branch - Kumasi
- Abossey Okai Branch - Accra
- Accra Branch - Accra
- Adenta Branch - Accra
- Afful Nkwanta Branch - Kumasi
- Atonsu Branch - Kumasi
- Cape Coast Branch - Cape Coast[7]
- East Legon Branch - East Legon, Accra[8]
- Gicel Branch - Accra
- Kumasi Adum Branch - Kumasi
- Kumasi Main Branch - Kumasi
- Kwame Nkrumah Circle Branch - Accra
- Madina Branch - Accra
- Makola Branch - Accra
- Mataheko Branch - Accra
- Methodist University Agency Branch - Accra
- North Industrial Area Branch - Accra
- Odorkor Branch - Accra
- Ring Road Central Branch - Accra
- Spintex Road Branch - Accra
- Suame Maakro Branch - Kumasi
- Takoradi Harbour Branch - Takoradi
- Takoradi Market Circle Branch - Takoradi
- Tamale Branch - Tamale
- Tema Community 1 Branch - Tema
- Tema Fishing Harbour Branch - Tema
- Tesano Branch - Accra
- University of Cape Coast Branch - Cape Coast
- Valley View Agency Branch - Accra
- Weija Branch - Accra
- Zongo Junction Branch - Accra
See also
References
- 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.
- Google (14 April 2016). "Location of the Headquarters of Prudential Bank Limited" (Map). Google Maps. Google. Retrieved 14 April 2016.
- PBL (14 April 2016). "Prudential Bank Limited: About Us". Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
- PBL (31 December 2012). "Prudential Bank Limited: Annual Report, 2012" (PDF). Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
- PBL (14 April 2016). "Prudential Bank Limited: Branch Network". Accra: Prudential Bank Limited (PBL). Retrieved 14 April 2016.
- Ghana News Agency (3 September 2009). "Prudential Bank opens branch at Abeka". Accra: Modern Ghana Quoting Ghana News Agency. Retrieved 14 April 2016.
- ADM (8 August 2009). "Ghana: Prudential Bank Opens One in Cape Coast". Accra: Accra Daily Mail (ADM) via AllAfrica.com. Retrieved 14 April 2016.
- GDG (27 November 2013). "Prudential Bank inaugurates East Legon branch". Accra: Ghana Daily Graphic (GDG). Retrieved 14 April 2016.