Prime Bank Group has posted a 23.4 percent increase in net profit to Sh2.67 billion for the half-year ended June 2025, driven mainly by strong growth in interest income.
The lender had recorded a profit after tax of Sh2.17 billion in the same period last year.
Total operating income grew by 18.1 percent to Sh5.29 billion, up from Sh4.48 billion, with the bulk of the growth coming from lending. Net interest income rose by 38.4 percent to Sh4.36 billion, compared to Sh3.15 billion in June 2024.
Prime Bank’s non-funded income—comprising fees and commissions—fell to Sh0.9 billion from Sh1.33 billion, reflecting low earnings from foreign exchange trading income.
Other operating expenses (excluding interest expense) increased by 10.7 percent to Sh2.37 billion, up from Sh2.14 billion, as the mid-tier lender continued to expand its operations and invest in digital platforms.
Prime Bank CEO Rajeev Pant said the performance underscored their resilience and prudent strategy. Prime Bank is among a few Kenyan lenders with a regional presence outside the East African Community.
It holds a 10.6 percent stake in First Merchant Bank Limited (Malawi), 6.62 percent in Capital Bank (Botswana), 13.5 percent in Capital Bank Mozambique SA, and 5.2 percent in Capital Bank Limited (Zambia).
Pant added that the half-year results reflected the bank’s commitment to sustainable growth, improved asset quality, and customer-focused innovation, leaving it well-positioned to navigate emerging opportunities while ensuring stability.
