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Projet Prime Bank Limited
Prime Bank is established in Kenya, but also operates in Malawi, Botswana and Mozambique. It aims to strengthen its resources to finance local companies and meet demand for loans denominated in foreign currencies.
Client presentation
Prime Bank Limited was set up in 1992 and is a medium-sized universal bank offering banking services to companies and private customers. It has 17 branches and over 400 permanent employees. It is also established in Kenya, as well as in Malawi, Botswana and Mozambique.
Project description
Proparco’s loan will allow Prime Bank to strengthen its long-term resources, offer long-term financing to local companies (large companies and SMEs), and meet increasing demand for loans denominated in foreign currencies.
Project impact
By meeting the considerable financial needs of Kenya’s private sector, this operation will promote long-term investments in Kenya and will contribute to the economic development of the country.
08/09/2014
Date of signature of the project
Kenya
Location
Financing tool
12 354 831 Euros
Amount of funding
Loan of USD 15 M
Financing details
PRIME BANK LIMITED
Client