Prime Bank (Kenya)

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Prime Bank Kenya
TypePrivate
IndustryFinancial Services
Founded1992
HeadquartersNairobi, Kenya
Key peopleR.C. Kantaria, Chairman
Bharat Jani, Chief Executive Officer
ProductsLoans, Checking, Savings, Investments, Debit Cards
Revenueincrease Aftertax:US$5+ million (2009)[1]
Total assetsUS$394+ million (2010)[2]
WebsiteHomepage
 
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Prime Bank Kenya
TypePrivate
IndustryFinancial Services
Founded1992
HeadquartersNairobi, Kenya
Key peopleR.C. Kantaria, Chairman
Bharat Jani, Chief Executive Officer
ProductsLoans, Checking, Savings, Investments, Debit Cards
Revenueincrease Aftertax:US$5+ million (2009)[1]
Total assetsUS$394+ million (2010)[2]
WebsiteHomepage

Prime Bank (Kenya) Limited (PBKL), commonly known as Prime Bank Kenya, but also referred to as Prime Bank (Kenya), is a commercial bank in Kenya. It is one of the forty-four (44) licensed commercial banks in the country.[3]

Contents

Overview

The bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of September 2010, the bank's total asset base was estimated to exceed US$394 million, with shareholders' equity of a proximately US$50 million. The bank has three subsidiaries:

  1. Prime Capital & Credit Limited (PCCL) - Based in Nairobi, Kenya is owned 100% by Prime Bank (Kenya).[4]
  2. 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.[5]
  3. 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.[6]

Ownership

The stock of the bank is privately held. The detailed shareholding in Prime Bank (Kenya) is not publicly known.

Branch Network

As of October 2010, the locations where the bank branches can be found include:[7]

  1. Kenindia House Branch - Loita Street, Nairobi - Branch Manager - Uma Shankar
  2. Biashara Street Branch - Biashara Street, Nairobi - Branch Manager - B. Parmar
  3. Mombasa Branch - Dedan Kimathi Avenue, Mombasa - Branch Manager - Hasu Silveira
  4. Westlands Branch - Chiromo Road,, Westlands, Nairobi - Branch Manager - Zahid Khan
  5. Industrial Area Branch - Enterprise Road, Nairobi - Branch Manager - Banu Salyani
  6. Kisumu Branch - Oginga Odinga Road, Kisumu - Branch Manager - Suresh Sheth
  7. Parklands Branch - Masari Road, Parklands, Nairobi - Branch Manager - Pallvi Gudhka
  8. Riverside Drive Branch - Riverside Drive, Nairobi - Branch Manager - Jane Mungai-Chifallu
  9. Hurlingham Branch - Argwings Kodhek Road, Hurlingham, Nairobi - Branch Manager - Vishal Kantaria
  10. City Center Branch - Mombasa Road, Nairobi - Branch Manager - Hiren Pathak
  11. Nyali Branch - Mkomani, Nyali Beach, Mombasa - Branch Manager - Denise Pereira
  12. Card Centre Branch - Riverside Drive, Nairobi - Branch Manager - Jackline
  13. Kamukunji Branch Branch - Ukwala Road, Kamukunji, Nairobi - Branch Manager - Ramesh Kotian
  14. Eldoret Branch - Uganda Road, Eldoret - Branch Manager - Binay Kulkarni
  15. Karen Branch - Karen Office Park, Langata Road, Nairobi - Branch Manager - Esther Kimani
  16. Nakuru Branch (Opening Shortly) - Westside Mall, Nakuru

Governance

R. C. Kantaria, a non-executive director of the bank, serves as the Chairman of the seven-member Board of Directors. Bharat Jani is the Chief Executive Officer of Prime Bank (Kenya).[8]

See also

External links

References