| Type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 3 September 1992 |
| Headquarters | Nairobi, Kenya |
Key people | R.C. Kantaria (Chairman), Bharat Jani (Managing Director) |
| Products | Loans, Transaction accounts, Savings, Internet banking, Mobile banking, Investments, Debit Cards |
| Revenue |  Aftertax:KES:2.122 Billion (US$21.335 Million) (2017)[1] |
| Total assets | KES:77.998 Billion (US$784.215 Million) (2017)[1] |
| Website | www |
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]
The bank is a mid-sized retail bank that caters to both individuals and corporate clients. As of December 2017[update], 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]
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Transcription
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 January 2022[update], 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. As of January 2019[update], the bank's stock was owned by the following corporate entities and individuals:[6]
| 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
References
- ^ 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.
- ^ 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.
- ^ 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.
- ^ "Prime Bank 2017 annual report" (PDF). 31 December 2017. Retrieved 16 May 2020.
- ^ 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.
- ^ 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.
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This page was last edited on 26 September 2023, at 23:35