Prudential Bank opens Accra Industrial Area branch

Prudential Bank Limited (PBL) will continue to deliver tailor-made products to meet the needs of the business community and to enhance growth of companies.

“We assure you that you will continue to find us as a vital partner in the growth of your businesses,” Mr. Joseph Okine-Afranie, Deputy Managing Director told guests at the opening of a new branch in the North Industrial Area of Accra.

The new branch brings to 26 the number of Prudential Bank branches across the country.

Mr. Okine-Afranie said services offered by the bank cut across all sectors of the economy with special focus on Small and Medium Enterprises engaged in exports, trading, manufacturing, fishing, cold storage business and other general businesses to increase their productivity.

The Deputy Managing Director said PBL provided one-stop-shop banking services to its customers throughout its branches, which covered operations of current, savings, fixed deposits and call accounts in both local and foreign currencies.

Another area of speciality of the bank is the provision of international trade finance services, including sight and deferred payment import letters of credit facilities, handling of import and export bills for collection, export letters of credit and cheque collection, among other services.

Mr Okine-Afranie said through various correspondent banks, PBL was able to execute business transactions anywhere in the world within a day.

In the area of project financing, the bank provides short and medium term loans for working capital purposes and medium and long-term finance for rehabilitation and expansion of existing industrial enterprises, acquisition of plant and machinery and farm development.

Mr. Okine-Afranie catalogued a number of benefits and advised the business community, to take advantage of the bank’s flexible interest rates on loans to transact business with it.

“Our interest rates and other charges are moderate, affordable and negotiable,” he added.

Source: GNA