Prime Bank has reported a strong half-year performance, with net profit rising to Sh2.67 billion for the period ended June 2025, a 23.4 percent increase compared to Sh2.17 billion posted in the same period last year.

The growth was largely supported by a sharp rise in interest income.

The lender’s total operating income climbed by 18.1 percent to Sh5.29 billion, up from Sh4.48 billion in June 2024.

Net interest income, which forms the bulk of earnings, jumped by 38.4 percent to Sh4.36 billion, against Sh3.15 billion previously.

The performance was, however, weighed down by a drop in non-funded income—fees and commissions—which fell to Sh0.9 billion from Sh1.33 billion.

The decline was mainly linked to reduced earnings from foreign exchange trading.

At the same time, other operating expenses (excluding interest expense) went up by 10.7 percent to Sh2.37 billion from Sh2.14 billion.

The increase was attributed to the lender’s continued investment in digital platforms and branch expansion to support growth.

Prime Bank CEO Rajeev Pant welcomed the results, saying they reflected the lender’s steady progress and solid foundations. “The performance underscored our resilience and prudent strategy,” he said.

Prime Bank is among the few Kenyan lenders with a presence beyond the East African Community.

It holds a 10.6 percent stake in First Merchant Bank Limited in 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.