Prime Bank (Kenya)

Prime Bank Kenya (PBKL) is a commercial bank in Kenya, licensed and supervised by the Central Bank of Kenya (CBK), the national banking regulator.[1]

The bank is a mid-sized retail bank that caters to both individuals and corporate clients. , 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).[2]

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

The bank investments include:

• Prime Capital & Credit Limited (PCCL) – Based in Nairobi, Kenya is owned 100% by Prime Bank (Kenya)
• Tausi Assurance Company Ltd – 80.72% shareholding – An insurance company based in Kenya.[4]
• FMBCapital Holdings Plc – 22.48% shareholding, 11.24% is held directly while 11.24% through PCCL.[5] – A Mauritius based financial services holding company with subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe.

Branch network

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

Ownership

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

See also

• List of banks in Kenya
• Central Bank of Kenya
• Economy of Kenya