Our Bank
A global Player in the Microfinance banking Industry
Our bank has so far successfully launched various products which will serve as valuable tools for global financial service delivery.Prudential Co-operative is one of seven clans in Essien Udim Local government Area of Akwa-Ibom state,Nigeria. The Clan comprises fourteen villages with many nursery and primary schools, two secondary schools, a health centre and a general hospital but no presence of any financial institution in this area. The inhabitants are predominantly farmers.
The community is endowed with abundant, human and agricultural and natural resources such as oil palm trees, raffia palm trees, Etc. however despite these abundant resources the community is poverty stricken because these resources are yet o be fully tapped or effectively utilized.
To reduce poverty among the inhabitants of the community, the ikpe Annang Development Association and some prominene individuals met and conceived the ideaof establishing a community banking system to mobilize savings and carter for the financial needs of the community. Thus, in 1994, the Prudential Co-operative Microfinance Bank(PCMFB) limited was incorporated with operational base at Prudential Co-operative, kilometer 5 IkotEkpene/Uyo road In Essien Udim Local Government Area, Akwa-Ibom state.