Prime Bank (Kenya)
Encyclopedia
Prime Bank 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.
of the bank is privately held. The detailed shareholding in Prime Bank (Kenya) is not publicly known.
. Bharat Jani is the Chief Executive Officer
of Prime Bank (Kenya).
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. It is one of the forty-four (44) licensed commercial banks in the country.
Overview
The bank is a medium-sized retail bank that caters to both individuals and corporate clients. , 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:- Prime Capital & Credit Limited (PCCL) - Based in NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
is owned 100% by Prime Bank (Kenya). - First Merchant BankFirst Merchant BankFirst Merchant Bank Limited, commonly known as First Merchant Bank , is a commercial bank in Malawi. It is one of the eleven commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.-Overview:...
- A retail bank based in Blantyre, MalawiBlantyre, MalawiBlantyre or Mandala is Malawi's centre of finance and commerce, the largest city with an estimated 732,518 inhabitants . It is sometimes referred to as the commercial capital of Malawi as opposed to the political capital, Lilongwe...
- 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. - Capital BankCapital BankCapital Bank Limited, commonly known as Capital Bank, is a commercial bank in Botswana. It is owned by First Merchant Bank of Malawi, and others, including Botswana nationals...
- A commercial bank based in GaboroneGaborone' is the capital and largest city of Botswana with a population of 191,776 based on a 2006 survey, about 10% of the total population of Botswana....
, BotswanaBotswanaBotswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
, 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.
Ownership
The stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of the bank is privately held. The detailed shareholding in Prime Bank (Kenya) is not publicly known.
Branch Network
, the locations where the bank branches can be found include:- Kenindia House Branch - Loita Street, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Uma Shankar - Biashara Street Branch - Biashara Street, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - B. Parmar - Mombasa Branch - Dedan Kimathi Avenue, MombasaMombasaMombasa is the second-largest city in Kenya. Lying next to the Indian Ocean, it has a major port and an international airport. The city also serves as the centre of the coastal tourism industry....
- Branch Manager - Hasu Silveira - Westlands Branch - Chiromo Road,, WestlandsWestlandsWestlands is a neighborhood in the city of Nairobi, the capital and largest city in Kenya.-Location:Westlands is located , by road, northwest of the central business district of Nairobi...
, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Zahid Khan - Industrial Area Branch - Enterprise Road, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Banu Salyani - Kisumu Branch - Oginga Odinga Road, KisumuKisumuKisumu is a port city in western Kenya at , with a population of 355,024 . It is the third largest city in Kenya, the principal city of western Kenya, the immediate former capital of Nyanza Province and the headquarters of Kisumu County. It has a municipal charter but no city charter...
- Branch Manager - Suresh Sheth - Parklands Branch - Masari Road, Parklands, NairobiParklands, NairobiParklands, Nairobi, commonly referred to simply as Parklands, is a neighborhood in the city of Nairobi, the capital and largest city in Kenya. It is divided into numbered avenues. The name arises from the proximity of the area to City Park, Nairobi....
- Branch Manager - Pallvi Gudhka - Riverside Drive Branch - Riverside Drive, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Jane Mungai-Chifallu - Hurlingham Branch - Argwings Kodhek Road, Hurlingham, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Vishal Kantaria - City Center Branch - Mombasa Road, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Hiren Pathak - Nyali Branch - Mkomani, Nyali Beach, MombasaMombasaMombasa is the second-largest city in Kenya. Lying next to the Indian Ocean, it has a major port and an international airport. The city also serves as the centre of the coastal tourism industry....
- Branch Manager - Denise Pereira - Card Centre Branch - Riverside Drive, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Nita Omanga - Kamukunji Branch Branch - Ukwala Road, Kamukunji, NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
- Branch Manager - Ramesh Kotian - Eldoret Branch - Uganda Road, EldoretEldoretEldoret is a town in western Kenya and the administrative centre of Uasin Gishu District of Rift Valley Province. Lying south of the Cherangani Hills, the local elevation varies from about 2100 metres above sea level at the airport to more than 2700 metres in nearby areas...
- Branch Manager - Binay
Governance
R. C. Kantaria, a non-executive director of the bank, serves as the Chairman of the seven-member Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. Bharat Jani is the Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Prime Bank (Kenya).