Prime Bank (Kenya)
Commercial bank in Kenya From Wikipedia, the free encyclopedia
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]
| Company 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 |
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]
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
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