Prime Bank Kenya is a leading financial institution in the country, offering a wide range of services to cater to the diverse needs of its customers.
Their services include personal banking, corporate banking, and investment banking, making them a one-stop-shop for all financial needs.
Prime Bank Kenya has a strong presence in the country, with a network of branches and ATMs that provide convenient access to banking services.
They also offer innovative products and services such as mobile banking, online banking, and credit cards, making banking easier and more accessible.
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Branch Network
Prime Bank (Kenya) has a well-established branch network that allows customers to access a range of services across the country.
As of January 2022, the bank maintains a network of 23 interconnected branches.
These branches are strategically located in Kenya's major urban centers, making it convenient for customers to conduct their banking transactions.
The bank also operates over 18 ATMs in these urban centers, providing customers with easy access to their cash and other services.
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Ownership and Investment
Prime Bank (Kenya) has a unique ownership structure. The bank's stock is privately held.
AfricInvest and Catalyst Principal Partners hold the largest stake in the bank, with a 24.20% ownership percentage.
Other Investors also have a significant stake, owning 21.34% of the bank's stock.
The remaining ownership is distributed among several corporate entities, including Prime Capital Limited, Jamson Limited, Crason Limited, Nason Limited, Prime Trustees, and Capital Nominees, each owning 8.02% of the bank's stock.
The total ownership percentage of these entities adds up to 100.00%, indicating a complete distribution of the bank's stock.
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Money Transfer Services
To transfer money internationally with Prime Bank, you can use their digital platform PrimeMobi. This service allows you to send money to bank accounts or mobile wallets in 15 countries across Africa, Europe, and Asia, including India, the United Kingdom, China, Germany, and Uganda.
The process is straightforward: you'll need to log in to the PrimeMobi app, click on the International Money Transfer icon, and confirm the amount to be sent. Your bank account will then be debited, and the money will be credited to the beneficiary instantly.
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You can also send money from M-Pesa using a dedicated SimbaPay @ Prime Bank pay bill number. This service is part of Prime Bank's digital integration plan, which aims to provide a one-stop solution for customers in terms of funds transfer.
Here are the steps to transfer money to Prime Bank:
- Create an account using your email address through the Prime Bank website or app.
- Select the currency, amount, and delivery speed.
- Choose how your money is delivered, including bank deposit.
- Enter the name and information of the person who will receive the money.
- Enter your payment information and select confirm transfer to send.
With this service, businesses and individuals can send money abroad at the click of a button. In fact, it's estimated that over $18 Billion is sent to other African countries, Asia, and Europe annually, with billions of Kenyan Shillings going through the SimbaPay network.
Frequently Asked Questions
Who is the CEO of Prime Bank Kenya?
The CEO of Prime Bank Kenya is Mr. Rajeev Pant, who took office in March 2023.
What is the ranking of Prime Bank Kenya?
According to the 2020 Kenya Bankers Association Customer Satisfaction Survey, Prime Bank Kenya ranked third in Customer Responsiveness and Satisfactory Digital Experience in tier II. This achievement highlights Prime Bank's commitment to delivering exceptional customer experiences.
What countries is Prime Bank in?
Prime Bank has a presence in Bangladesh, Gambia, Kenya, and Nepal, with various branches and subsidiaries in each country. Explore our FAQs to learn more about Prime Bank's history, services, and global footprint.
Sources
- https://en.wikipedia.org/wiki/Prime_Bank_(Kenya)
- https://www.remitly.com/be/en/providers-kenya/send-money-to-prime-bank
- https://africaglobalfunds.com/news/private-equity/deals/africinvest-and-catalyst-invest-in-kenyas-prime-bank/
- https://rocketreach.co/prime-bank-africa-profile_b404a68cfc1fa17b
- https://khusoko.com/2020/11/11/prime-bank-launches-instant-international-money-transfer-service/
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