{"id":69503,"date":"2022-09-26T16:12:23","date_gmt":"2022-09-26T16:12:23","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation"},"modified":"2022-09-26T16:32:57","modified_gmt":"2022-09-26T16:32:57","slug":"prime-bank-pegs-future-growth-on-digital-transformation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation","title":{"rendered":"Prime Bank pegs future growth on digital transformation"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Prime Bank is now banking on digital transformation to grow its business, while diversifying product offering to its customers.<\/p>\n

The lenders managing director Bharat Jani said moving forward, the bank will leverage on diversified operations and superior product offerings, to continue driving the resilient performance and exceptional revenue growth.<\/p>\n

The tier II lender is one of the fastest-growing private banks in Kenya.<\/p>\n

\u201cThe year 2022 signals a significant milestone in Prime Bank\u2019s history as we celebrate 30 years of service to our customers and it avails us an opportune moment to renew our pledge to our customers and further strengthen our position,\u201d Jani said.<\/p>\n

To remain in the position of a leading bank in the coming years, the lender will be focussing on innovation, dedication and adoption of best technologies backed by superior customer experience, management notes.<\/p>\n

The lender posted a 23 per cent half-year growth in profit after tax, to Sh1.67 billion from Sh1.35 billion recorded same period in the previous year.<\/p>\n

The Bank\u2019s interest income grew by 8.5 per cent to Sh2.68 billion from Sh2.47 billion posted same period from the previous year.<\/p>\n

Investment in government securities was the biggest earner with an increase of 13 per cent, from Sh3.02 billion to Sh3.41 billion.<\/p>\n

The Bank\u2019s non-funded income posted a 47 per cent increase with impressive performance in foreign exchange trading which posted a 53 per cent increase during the period under review.<\/p>\n

According to the bank\u2019s director of business development Vijay Kantaria, the bank has embarked onimproving its customer experience that will place it among top priority choice for customers in its target niche and beyond.<\/p>\n

\u201cWe will achieve this through leveraging our mobile and internet banking channels to bring more services and new products to our customers\u2019 doorsteps,\u201d Kantaria said.<\/p>\n

The bank is igrating a significant chunk of customer interactions, that is onboarding, transactions and customer support, from the physical branches to the channels, and on self-service basis.<\/p>\n

\u201cAs we mark our Pearl Anniversary, we optimistically look into the future and where it is feasible, cost-effective and necessary, we shall collaborate with credible innovation partners to accelerate value-addition on the channels,\u201d ,\u201d Kantaria said.<\/p>\n

He said the bank will continue to streamline and digitise its operational processes to add onto its internal efficiency and reduce operational risks.<\/p>\n

This year, lender introduced PrimeKopa, a mobile lending service on its mobile banking platform, PrimeMobi, to provide its customer base instant mobile loans of up to Sh150,000 with flexible repayment periods of up to 90 days.<\/p>\n

The lender has also upgraded its core-banking platform and its internet banking platforms PrimeNet and PrimeMobi.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Prime Bank is now banking on digital transformation to grow its business, while diversifying product offering to its customers. The lenders managing director Bharat Jani said moving forward, the bank will leverage on diversified operations and superior product offerings, to continue driving the resilient performance and exceptional revenue growth. The tier II […]<\/p>\n","protected":false},"author":84,"featured_media":69502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-69503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nPrime Bank pegs future growth on digital transformation - kenya<\/title>\n<meta name=\"description\" content=\"Prime Bank is now banking on digital transformation to grow its business, while diversifying product offering to its cus ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime Bank pegs future growth on digital transformation\" \/>\n<meta property=\"og:description\" content=\"Prime Bank is now banking on digital transformation to grow its business, while diversifying product offering to its cus ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-26T16:12:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-26T16:32:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/09\/postQueueImg_13-6331d421689fe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"471\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Prime Bank pegs future growth on digital transformation\",\"datePublished\":\"2022-09-26T16:12:23+00:00\",\"dateModified\":\"2022-09-26T16:32:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/09\/postQueueImg_13-6331d421689fe.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/prime-bank-pegs-future-growth-on-digital-transformation\",\"name\":\"Prime Bank pegs future growth on digital transformation - 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