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PRIME BANK KENYA

PRIME BANK KENYA

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Prime Bank Ltd is a Private Bank in Kenya that was established in 1992. It has 25 years of experience making it one of the leaders in the banking sector. Prime Bank has the prowess to deliver and offer flexible, efficient and personalized service, ensuring our customers profit from the best. The Bank has regional presence in Malawi, Botswana, Mozambique and Zambia through First Merchant Bank in Malawi. The Bank lately obtained Barclays Bank of Zimbabwe through First Merchant Bank, Malawi. In conjunction to this, the Bank also obtained 80% shareholding in Tausi Assurance Company Ltd.
The bank has three divisions: (a) Prime Capital & Credit Limited (PCCL) – Based in Nairobi, Kenya is owned 100% by Prime Bank (Kenya) (b) First Merchant Bank – A retail bank based in Blantyre, Malawi – Prime Bank (Kenya) has a 22.48% shareholding in First Merchant Bank. 11.24% is held directly by PBKL while the remaining 11.24% is held through its 100% subsidiary, PCCL and (c) Capital Bank – A commercial bank based in Gaborone, Botswana, is 51% owned by First Merchant Bank of Malawi, in which Prime Bank (Kenya) has 22.48% shareholding. Therefore, Prime Bank (Kenya) owns 11.46% of Capital Bank of Botswana

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