Prudential Bank Limited
Encyclopedia
Prudential Bank Limited commonly known as Prudential Bank, is a commercial bank in Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...

.

Overview

The bank was incorporated in 1993. It opened its doors on August 15th, 1996 with the first branch in Accra
Accra
Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

. Prudential Bank is a medium-sized commercial bank specializing in meeting the banking needs of small and medium-sized businesses as well as those of individuals.

Subsidiaries

The bank has two wholly owned subsidiary companies namely:-

  • PBL Properties Limited - Engaged in Real Estate, Automobile Leasing and Financing
  • Prudential Securities Limited (PSL) - An Investment and Stock Brokerage Firm.

Ownership

The bank's stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

 is owned by the following corporate entities and individuals:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Prudential Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||J. S. Addo Consultants Limited||
|-
|2||Social Security and National Insurance Trust (SSNIT
SSNIT
The SSNIT, or the Social Security and National Insurance Trust, is an important agency of the government of Ghana. The "job description" of the SSNIT, according to its website, is to administrate the National Pension Scheme...

)||
|-
|3||National Trust Holding Company Limited] (NTHC)||
|-
|4||Ghana Union Assurance Company Limited (GUA)||
|-
|5||Prudential Bank Staff Provident Fund ||
|-
|6||Four (4) Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...

ian Individuals||
|-
| ||Total||100.0%
|-
|}

Branch Network

As of July 2009, the bank has nineteen (19) full service branches and two (2) agency branches in the following locations:
  1. Aboabo Branch - Kumasi
    Kumasi
    Kumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...

  2. Abossey Okai Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  3. Accra Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  4. Afful Nkwanta Branch - Kumasi
    Kumasi
    Kumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...

  5. Cape Coast Branch - Cape Coast
    Cape Coast
    Cape Coast, or Cabo Corso, is the capital of the Central Region of Ghana and is also the capital city of the Fante people, or Mfantsefo. It is situated 165 km west of Accra on the Gulf of Guinea. It has a population of 82,291 . From the 16th century the city has changed hands between the...

  6. Gicel Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  7. Kaas Agency Branch - Tema
    Tema
    Tema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...

  8. Kumasi Adum Branch - Kumasi
    Kumasi
    Kumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...

  9. Kumasi Main Branch - Kumasi
    Kumasi
    Kumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...

  10. Madina Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  11. Makola Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  12. Odorkor Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  13. Ring Road Central Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  14. Spintex Road Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  15. Takoradi Harbour Branch - Takoradi
  16. Tema Community 1 Branch - Tema
    Tema
    Tema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...

  17. Tema Fishing Harbour Branch - Tema
    Tema
    Tema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...

  18. Tesano Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  19. Valley View Agency Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  20. Weija Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...

  21. Zongo Junction Branch - Accra
    Accra
    Accra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...


External links

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