Prime Bank Posts KShs. 1.8 Billion Net Profit in Q1 2026, a 38.46% increase, on Strong Deposits and Asset Growth
Posted On: Wednesday, May 20 2026
NAIROBI, Kenya – May 19, 2026 – Prime Bank has announced its unaudited financial results for the first quarter ended 31st March 2026, reporting a commendable rise in its balance sheet and profitability. The performance was driven by strategic growth in core operations and a resilient investment portfolio.
The Bank recorded a Net Profit of KShs. 1.8 Billion, a notable 38.46% increase from the KShs. 1.3 Billion reported in the same period in 2025, underscoring sustained earnings momentum.
Commenting on the results, Managing Director Mr. Rajeev Pant attributed the strong results to disciplined execution of the Bank’s strategic plan, prudent risk management, and enhanced customer engagement across retail, SME, and corporate segments.
“Our first quarter performance demonstrates the resilience of our business model and the trust our customers place in us. The growth in net profit, coupled with an increase in shareholders’ funds, reflects our commitment to delivering sustainable value while maintaining a strong liquidity position well above regulatory requirements,” added Mr. Pant.
Key Financial Highlights (Q1 2026 vs. Q1 2025):
- Customer Deposits rose by 15.2% from KShs. 143.9 Billion to KShs. 165.8 Billion, reflecting continued strong depositor confidence in the Bank.
- Loans and Advances stood at KShs. 56.2 Billion, compared to KShs. 54.8 Billion in the prior period.
- Core Capital remained strong at KShs. 33.4 Billion.
- Net Profit grew by 38.5% to KShs. 1.8 Billion, up from KShs. 1.3 Billion recorded in the same period last year.
- Liquidity Ratio stood at 78%, well above the Central Bank of Kenya’s (CBK) statutory minimum of 20%.
- Net Non-Performing Loans (NPLs) reduced from KShs. 1.7 Billion to KShs. 424 Million.
- Total Shareholders’ Funds grew by 54.7% to KShs. 94.2 Billion from KShs. 60.9 Billion, creating a robust capital base.
With a liquidity ratio of 78% and a significantly reduced NPL position, the Bank remains well capitalized and poised for continued growth.
ENDS
ABOUT PRIME BANK
Prime Bank is a 34-year old privately owned Kenyan bank. Since inception, the bank has grown to become one of the leading commercial banks. It has a network of 25 branches.
Over the years, the Bank has developed its business interests in other African countries such as Malawi, Botswana, Mozambique, Zambia, and in Zimbabwe, through its associate bank First Capital Bank.
Prime Bank has the expertise to deliver flexible, efficient and personalized services to its clients.
For more details about the Bank, please visit our website:
For more details about this announcement, please contact:
Contact Person: Dipali Mandaliya,
Head of Brand and Marketing
Email: dipali.mandaliya@primebank.co.ke
Tel: +254 111 004 180
