Prime Bank Kenya (PBKL) is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. ...

, licensed and supervised by the

Central Bank of Kenya The Central Bank of Kenya (CBK) () is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor a ...

(CBK), the national banking regulator. The bank is a mid-sized

retail bank Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...

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). 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.

Subsidiaries

The bank investments include: * Prime Capital & Credit Limited (PCCL) – Based in

Nairobi Nairobi is the Capital city, capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai language, Maasai phrase , which translates to 'place of cool waters', a ...

is owned 100% by Prime Bank (Kenya) *Tausi Assurance Company Ltd – 80.72% shareholding – An insurance company based in Kenya. *

FMBCapital Holdings Plc FMBCapital Holdings Plc, also referred to as First Capital Bank Group, is a financial services holding company based in Mauritius. It operates commercial banks in the Southern African countries of Botswana, Malawi, Mozambique, Zambia and Zimba ...

– 22.48% shareholding, 11.24% is held directly while 11.24% through PCCL. – A

Mauritius Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Ag ...

based financial services holding company with subsidiaries in

Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...

Malawi Malawi, officially the Republic of Malawi, is a landlocked country in Southeastern Africa. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south, and southwest. Malawi spans over and ...

Mozambique Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Afr ...

Zambia Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...

and

Zimbabwe file:Zimbabwe, relief map.jpg, upright=1.22, Zimbabwe, relief map Zimbabwe, officially the Republic of Zimbabwe, is a landlocked country in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Bots ...

Branch network

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

Ownership

The

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

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

References

{{Nairobi Banks of Kenya Banks established in 1992 Companies based in Nairobi Kenyan companies established in 1992

Subsidiaries

Branch network

Ownership

See also

References