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.
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 ownershipRank Name of ownerPercentage 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 Total100.0%
Branch network As of July 2023, PBL had 39 branches and two agencies at the following locations:
Abeka Branch - Accra Aboabo Branch - Kumasi Abossey Okai Branch - Accra Accra Branch - Accra Adentan Branch - Accra Afful Nkwanta Branch - Kumasi Airport City Branch - Accra Atonsu Branch - Kumasi Cantonments Branch - Accra Cape Coast Branch - Cape Coast East Legon Branch - East Legon, Accra Gicel Branch - Accra Haatso Branch - Accra Koforidua Branch - Koforidua Kumasi Adum Branch - Kumasi Kumasi Main Branch - Kumasi Madina Branch - Accra Makola Branch - Accra Mataheko Branch - Accra Methodist University Agency Branch - Accra Nungua Branch - Accra Odorkor Branch - Accra Okaishie Branch - Accra Ring Road Central Branch - Accra Santasi Roundabout Branch - Kumasi Spintex Road Branch - Accra Suame Maakro Branch - Kumasi Sunyani Branch - Sunyani Taifa Branch - Accra Takoradi Harbour Branch - Takoradi Takoradi Market Circle Branch - Takoradi Tamale Branch - Tamale Techiman Branch - Techiman Tema Community 1 Branch - Tema Tema Fishing Harbour Branch - Tema Tesano Branch - Accra University of Cape Coast Branch - Cape Coast University of Cape Coast Agency Branch - Cape Coast University of Ghana Branch - Accra Valley View Agency Branch - Accra Weija Branch - Accra
See also List of banks in Ghana Economy of Ghana
References
External links Prudential Bank Limited homepage PBL launches "Susu" Financial Program for SME's PBL opens new branch in Aboabo, Kumasi