Prime

Prime Bank in talks for sale of stake after Sh2bn capital boost

Prime Bank Business Development Director Vijay Kantaria and Naivas Chief Operating Officer Peter Mukuha during the launch of intelligent cash deposit machines at Naivas Supermarket, The Mall branch on July 4, 2018. PHOTO | DIANA NGILA | NMG

By  BRIAN NGUGI

Mid-sized lender Prime Bank is in talks with private equity funds to sell an undisclosed stake.

The bank, according to sources familiar with the underway transaction, is keen to bring on board new investors to finance its local and regional expansion bid.

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