Bank Profile

WHO WE ARE

Established in 1992, Prime Bank has been a cornerstone of Kenya’s financial landscape for over three decades. With a steadfast commitment to excellence, innovation, and customer-centric solutions, we have emerged as a trusted partner for individuals, businesses, and communities across the nation and region.

Over the years, the Bank has established presence in other African countries such as Malawi, Botswana, Mozambique, Zambia, and in Zimbabwe through its correspondent partners and banks.

In 2017, the group acquired 80.72% shareholding of Tausi Assurance Limited, since the acquisition Tausi Assurance Ltd has seen a steady growth by 25%.

We pride ourselves in providing:

Comprehensive Product Portfolio: Prime Bank offers a wide range of banking products and services tailored to meet the needs of individuals, businesses, and institutions. From personal banking to corporate finance, we provide holistic solutions to our clients.

Digital Transformation: Embracing the digital revolution, we are committed to leveraging technology to enhance the banking experience for our customers. Our innovative digital platforms PrimeNet and PrimeMobi enable seamless transactions, secure access to banking services, and personalized financial management tools.

Corporate Social Responsibility: We believe in giving back to society and are dedicated to making a positive impact on the communities we serve. Through our corporate social responsibility initiatives, we support education, healthcare, environmental sustainability, and community development projects, striving to create a more inclusive and equitable society.

Our Commitment:
At Prime Bank, we are committed to upholding the highest standards of corporate governance, transparency, and ethical conduct. Our team of seasoned professionals is dedicated to delivering superior service, building lasting relationships, and earning the trust and confidence of our customers and stakeholders.

BANK'S GROWTH

As at December 31st 2023:
  • The Group’s Net Profit stood at KShs. 4.5 Billion while the Bank closed the year at KShs. 4.2 Billion.
  • The Bank’s Total Assets grew by 18 percent from KShs. 140.4 Billion, to KShs. 166.1 Billion.
  • The Bank’s Total Deposits grew by 18.5 percent to close the year at KShs. 127.5 Billion compared to KShs. 107.6 Billion recorded in 2022.
  • The Bank’s Net Advances grew by 37 percent, from KShs. 40.9 Billion to KShs. 55.7 Billion.
  • The Bank maintained strong capital adequacy position, ending the year with core capital of KShs. 27.3 Billion against Central Bank of Kenya’s statutory requirement of KShs. 1 Billion.
  • The Bank’s liquidity ratio stood close to 69.3 percent significantly above the CBK’s statutory requirement of 20 percent

OUR VISION

To be the financial service provider of first choice

OUR MISSION

To provide quality and acceptable personalized financial services to our customers while observing compliance, growth and shareholder value.