Prime Bank Kenya Owners, Branches & Loans Offered

Prime Bank was established in 1992. It has been a cornerstone of Kenya’s financial landscape for over three decades.

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

As of December 31, 2024, the Group reported a net profit of Ksh 4.4 billion, while the Bank posted a profit of Ksh 4.2 billion for the year.

The Bank’s balance sheet expanded by 14 percent, growing from Ksh 166.1 billion to Ksh 188.8 billion. Shareholders’ funds increased by 18.2 percent, rising from KShs. 36.9 billion to KShs. 43.6 billion. Total interest income grew by 27 per cent, from Ksh 14.7 billion to Ksh 18.6 billion.

Customer deposits rose by 12.8 percent to close the year at KShs. 143.8 billion, up from Ksh 127.5 billion in 2023. The Bank’s loan book stood at Ksh 55.6 billion as at the end of the reporting period.

The liquidity ratio remained strong at 71.7 percent, significantly exceeding the Central Bank of Kenya’s statutory minimum requirement of 20 percent.

Additionally, the Bank maintained a solid capital adequacy position, closing the year with core capital of Ksh 29.8 billion, well above the CBK’s statutory requirement of Ksh 1 billion.

As of the latest records, the largest corporate shareholder is Africinvest Azure SPV, holding 24.20% of the total shareholding in the company.

Other significant corporate shareholders include Prime Capital Holdings Ltd with 14.36%, followed by Jamson Ltd, Crason Ltd, Nason Ltd, Prime Trustees Ltd, and Capital Nominees Ltd, each holding 8.02%. Casa Ltd and Jamar Ltd each hold 6.91% of the shares.

In addition, foreign corporate shareholders (7 entities) collectively hold 1.85%, while 28 local corporate shareholders collectively hold 5.67%.

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

Loans Offered at Prime Bank

• Personal Loans

Prime Bank offers personal loans designed with flexibility to meet your individual borrowing needs. The term loan facility can be customized to suit your specific financial requirements.

The bank provides competitive and flexible interest rates, with a one-time processing fee of 1%. Notably, no appraisal fee is charged.

Borrowers can enjoy a maximum loan tenure of up to four years, with no penalties imposed for early repayment.

Repayment options are highly flexible and may include reducing balance repayment, equal monthly installments (EMI), or lump sum repayment, allowing customers to choose a plan that best fits their financial situation.

• PrimeKopa

To enhance access to credit, Prime Bank introduced PrimeKopa, a mobile lending service available on the PrimeMobi platform.

PrimeKopa is designed to offer users quick and convenient access to financing anytime, right at the click of a button. The service provides instant mobile loans of up to Ksh 150,000, with flexible repayment periods to suit your needs.

Customers can borrow amounts ranging from Ksh 5,000 to Ksh 150,000, with repayment terms of 30, 60, or 90 days, depending on the loan amount and preference.

Also Read: SBM Bank Owners, Branches & Loans Offered

• Morgage Loan

At Prime Bank, they believe that owning a home is not a privilege—it is a right. That’s why they offer the Prime Mali Mortgage Account, designed to make home ownership more accessible and affordable.

The facility finances up to 80% of the property value, giving you the financial boost you need to secure your dream home.

It features competitive pricing and a one-time processing fee of 1%, making it cost-effective from the outset.

Borrowers benefit from flexible loan repayment options, and there are no penalties for early repayment, giving you the freedom to settle your loan ahead of schedule without extra charges.

Also Read: Sidian Bank Owners, Branches & Loans Offered

Prime Bank Branches

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