Credit Bank

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Credit Bank
Private
Industry Financial Services
Founded 1986
Headquarters Nairobi, Kenya
Key people
Simeon Nyachae
Chairman
Sunil Sadhev
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$680,700 (KES:58.85 million) (2013)
Total assets US$84.535 million (KES:7.309 billion) (2013)
Website Homepage

Credit Bank Limited (CBL), commonly referred to as Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[1]

Overview[edit]

The bank is a small-sized commercial bank in Kenya, East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale businesspeople. In September 2010, Credit Bank changed strategy and transformed into a retail bank, serving all segments of society and their businesses. As of December 2013, Credit Bank's total assets were valued at approximately US$84.535 million (KES:7.309 billion), with shareholders' equity estimated at US$14.3 million (KES:1.238 billion).[2] At that time, the bank was ranked number 38, by assets, out of the 43 licensed commercial banks in Kenya.[3]

History[edit]

The bank was founded in 1986, as a non-bank financial institution (NBFI); Credit Kenya Limited. In 1995, the institution was awarded a commercial banking license and it rebranded to Credit Bank Limited.[4]

Ownership[edit]

The shares of stock of Credit Bank are privately owned. The detailed shareholding in the bank is not widely publicly known.

Branches[edit]

The bank maintains networked branches at the following locations:[5]

  1. Main Branch - Mercantile House, Koinange Street, Nairobi
  2. Westland Branch - Empress Plaza, Ring Road, Westlands, Nairobi
  3. Industrial Area Branch - 53 Butere Road, Industrial Area, Nairobi
  4. Lavington Branch - Lavington Mall, James Gichuru Road, Lavington, Nairobi
  5. Kisumu Branch - Swan Centre, Oginga Odinga Road, Kisumu
  6. Nakuru Branch I - Giddo Plaza, Eldoret-Nakuru Highway, Nakuru
  7. Nakuru Branch II - Polo Centre, Kenyatta Avenue, Nakuru
  8. Kisii Branch - Hospital Road, Kisii
  9. Eldoret Branch - Zion Mall, Uganda Road, Eldoret
  10. Ongata Rongai Branch - Maasai Mall, Magadi Road, Ongata Rongai
  11. Machakos Branch - Mbolu-Malu Road, Machakos
  12. Thika Branch - Second Floor, Biashara Plaza, Maama Ngina Street, Thika
  13. Nyali Branch - Nyali Centre, Link Road, Nyali

See also[edit]

References[edit]

  1. ^ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 13 August 2014. 
  2. ^ CBL, . "Audited 31 December 2013 Financial Statements And Other Disclosures" (PDF). Credit Bank Limited (CBL). Retrieved 13 August 2014. 
  3. ^ Bankelele, . "Kenya Banks Rankings By Assets In 2013". Bankelele.Co.Ke. Retrieved 13 August 2014. 
  4. ^ CBL, . "History of Credit Bank Limited". Credit Bank Limited (CBL). Retrieved 13 August 2014. 
  5. ^ CBL, . "The Branch Network of Credit Bank Limited". Credit Bank Limited (CBL). Retrieved 13 August 2014. 

External links[edit]