Prime Bank Kenya (PBKL) is a commercial bank in Kenya, licensed and supervised by the Central Bank of Kenya (CBK), the national banking regulator.
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).
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's investments include:
Prime Capital & Credit Limited (PCCL) – based in Nairobi, 100% owned by Prime Bank (Kenya) Tausi Assurance Company Ltd – 80.72% shareholding, an insurance company based in Kenya FMBCapital Holdings Plc – 22.48% shareholding, 11.24% is held directly while 11.24% is held through PCCL, a Mauritius-based financial services holding company with subsidiaries in Botswana, Malawi, Mozambique, Zambia and Zimbabwe
Branch network , 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:
+ Prime Bank Kenya stock ownership Rank Name of ownerPercentage 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 Total100.00
See also List of banks in Kenya Central Bank of Kenya Economy of Kenya
References