Prime Bank Group, Kenya’s biggest Tier II bank and tenth largest overall by market share, has posted a 22.4% rise in net profits o KSh 2.68 billion, driven by higher interest income and lower loan loss provisions.
- •Net interest income increased 38.7% to KSh 4.37 billion, supported by returns from loans and government securities while loan loss provisions dropped 39.5% to KSh 63 million, easing pressure on the bottom line.
- •Non-interest income fell 30.1% to KSh 930 million, reflecting weaker fees and trading income, while operating income rose 18.3% to KSh 5.29 billion, outpacing operating expenses which grew 10.5 % to KSh 2.37 billion.
- •As of December 2024, the privately held lender held a 2.9% market share in assets, ranking tenth overall, ahead of several listed players.
| Metric | Jun 30 2025 | Jun 30 2024 | YoY % |
|---|---|---|---|
| Net Interest Income | KSh 4.37Bn | KSh 3.15Bn | 38.7% |
| Non-Interest Income | KSh 929.5Mn | KSh 1.33Bn | -30.1% |
| Operating Income | KSh 5.29Bn | KSh 4.48Bn | 18.3% |
| Loan Loss Provisions | KSh 63.4Mn | KSh 104.9Mn | -39.5% |
| Operating Expenses | KSh 2.37Bn | KSh 2.14Bn | 10.5% |
| Profit Before Tax | KSh 2.93Bn | KSh 2.33Bn | 25.5% |
| Profit After Tax | KSh 2.68Bn | KSh 2.19Bn | 22.4% |
| Total Assets | KSh 214.8Bn | KSh 173.2Bn | 24.0% |
| Total Equity | KSh 59.47Bn | KSh 39.98Bn | 48.7% |
| Customer Deposits | KSh 151.68Bn | KSh 130.18Bn | 16.5% |
| Loans & Advances (Net) | KSh 55.70Bn | KSh 56.35Bn | -1.2% |
| Gross NPLs | KSh 5.44Bn | KSh 6.29Bn | -13.5% |
| Core Capital | KSh 29.67Bn | KSh 27.59Bn | 7.6% |
Total assets expanded 24% to KSh 214.8 billion, while customer deposits grew 16.5% to KSh 151.7 billion. Shareholders’ equity rose 48.7% to KSh 59.5 billion, strengthening the balance sheet. Asset quality improved, with gross non-performing loans falling 13.5% to KSh 5.44 billion.
Prime Bank’s market footprint has grown steadily. With total assets of KSh 188.8 billion at year-end 2024, it was the largest Tier II bank. Prime Bank’s KSh 214.8 billion in assets at mid-2025 are more than double those of HF Group, which reported assets below KSh 100 billion, highlighting its stronger balance sheet and market reach.