Prime Bank Group has reported a 29.5 per cent increase in net profit to Sh4.4 billion for the period ended September 30, 2025, driven by strong growth in net interest income.
The bank had reported a profit after tax of Sh3.4 billion in the same period last year.
The lender’s operating income grew 24 per cent to 8.4 billion due to strong growth in net interest income, which rose 52 per cent to Sh6.97 billion. A huge chunk of interest income growth came from interest from government securities, growing 35 per cent to 8.6 billion.
Non-interest income dropped by 28.8 per cent to Sh1.62 billion with foreign exchange trading income falling 71 per cent to Sh279 million from Sh951 million a year earlier.
Kenyan banks have seen their foreign exchange trading income drop this year due to limited volatility on the KES-USD exchange rate which has remained stable at KES 128-129 level for the better part of the year.
The lender’s loan book grew slightly by 0.15 per cent to Sh56.2 billion with customer deposits growing 15.6 per cent to Sh156.7 billion.
In September, Prime Bank elevated its Prime Express outlet at Signature Mall to a fully-fledged branch becoming the bank’s 22nd branch in Kenya.
