Consolidated Bank of Kenya
|Key people||Dr. Benson Akong'o Ateng'
|Products||Loans, Checking, Savings, Investments, Debit Cards|
|Revenue||: Aftertax: US$1.254 million (KES:108.6 million) (2013)|
|Total assets||US$193.7 million (KES:16.8 billion) (2013)|
Consolidated Bank of Kenya (CBOK), commonly known as Consolidated Bank, is a commercial bank in Kenya, East Africa's largest economy. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Consolidated Bank is a medium-sized financial services provider in Kenya, focusing on meeting the banking needs of small and medium-sized enterprises in the country. As of December 2013[update], the total asset valuation of the bank was about US$193.7 million (KES:16.8 billion), with shareholders' equity valued at about US$14.34 million (KES:1.242 billion). At that time, the bank was rated number 24, by assets, out of 43 licensed banks in Kenya.
The bank was incorporated in 1989, as a result of the merger of nine insolvent financial institutions. Consolidated Bank aims to meet the banking needs of both individuals and institutions. In the beginning, the institution was limited to collecting the debts of the failed legacy financial institutions. However, the Central Bank of Kenya, issued CBOK with a full commercial banking license in 2001.
|Consolidated Bank Stock Ownership|
As of December 2013, Consolidated Bank maintains 16 branches in urban areas of Kenya.