Prime Bank Kenya (PBKL) is a commercial bank in Kenya, licensed and supervised by the Central Bank of Kenya (CBK), the national banking regulator.[2]

Prime Bank Kenya Limited
Company typePrivate company
IndustryFinancial services
Founded3 September 1992; 32 years ago (1992-09-03)
HeadquartersNairobi, Kenya
Key people
R.C. Kantaria (Chairman), Bharat Jani (Managing Director)
ProductsLoans, Transaction accounts, Savings, Internet banking, Mobile banking, Investments, Debit Cards
RevenueIncrease Aftertax:KES:2.122 Billion (US$21.335 Million) (2017)[1]
Total assetsKES:77.998 Billion (US$784.215 Million) (2017)[1]
Websitewww.primebank.co.ke

The bank is a mid-sized retail bank that caters to both individuals and corporate clients. As of December 2017, the bank's total asset base was valued at KES:77.998 Billion (US$784.215 Million), with shareholders' equity of KES:14.672 Billion (US$147.518 Million).[1]

As at July 2018, Prime Bank was the 15th largest commercial bank in Kenya, out of a total of 39 lenders, based on total assets. At that time, the bank had 24,000 deposit accounts and 4,000 loan accounts, with a market share of 1.82 percent, according to data provided by CBK.[3]

Subsidiaries

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The bank investments include:

Branch network

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As of January 2022, the bank maintains a network of 23 interconnected branches and over 18 ATMs in Kenya's major urban centers.

Ownership

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The stock of the bank is privately held. As of January 2019, the bank's stock was owned by the following corporate entities and individuals:[6]

Prime Bank Kenya Stock Ownership
Rank Name of Owner Percentage Ownership
1 AfricInvest and Catalyst Principal Partners 24.20
2 Other Investors 21.34
3 Prime Capital Limited 14.36
4 Jamson Limited 8.02
5 Crason Limited 8.02
6 Nason Limited 8.02
7 Prime Trustees 8.02
8 Capital Nominees 8.02
Total 100.00

See also

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References

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  1. ^ a b c Prime Bank (31 December 2017). "Audited Financial Statements And Other Disclosures As At 31 December 2017" (PDF). Nairobi: Prime Bank Kenya. Retrieved 30 July 2018.
  2. ^ Central Bank of Kenya (31 May 2018). "Central Bank of Kenya: Directory of Licensed Commercial Banks, Mortgage Finance Institutions And Authorised Non-Operating Holding Companies" (PDF). Nairobi: Central Bank of Kenya. Retrieved 30 July 2018.
  3. ^ Ngugi, Brian (30 July 2018). "Prime Bank in talks for sale of stake after Sh2 billion capital boost". Business Daily Africa. Nairobi. Retrieved 30 July 2018.
  4. ^ "Prime Bank 2017 annual report" (PDF). 31 December 2017. Retrieved 16 May 2020.
  5. ^ First Merchant Bank (30 March 2017). "Top Shareholders of First Merchant Bank of Malawi As of 30 March 2017". Blantyre: First Merchant Bank of Malawi. Retrieved 30 July 2018.
  6. ^ Juma, Victor (8 January 2019). "Prime Bank in Sh5.1bn stake sale as Kantaria family loosens grip". Business Daily Africa. Nairobi. Retrieved 8 January 2019.