Oriental Commercial Bank

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Oriental Commercial Bank
Private
Industry Financial Services
Founded 2002
Headquarters Nairobi, Kenya
Key people
Shanti Shah, Chairman
R.B.Singh, Managing Director & CEO
Products Checking, Savings, Investments, Debit Cards
Revenue Increase Aftertax: US$1.62+ million (KES:139.97 million) (2013)
Total assets US$81.14 million (KES:7.01 billion) (2013)
Website Homepage

Oriental Commercial Bank (OCB), whose full name is Oriental Commercial Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya (CBK), the central bank and national banking regulator.[1] The bank was established in its present form in 2002, according to its website.

Overview[edit]

OCB is a small, medium sized retail bank in Kenya, East Africa's largest economy. As of December 2013, the bank's total assets were valued at about US$81.14 million (KES:7.01 billion), with shareholders' equity of about US$17.66 million (KES:1.524+ billion).[2] At that time, the bank was ranked number 40, by assets, out of 43 licensed commercial banks in the country.[3]

Ownership[edit]

As of August 2014, Oriental Commercial Bank is a privately held company, whose shareholding is not widely publicly known.

Branch network[edit]

The bank maintains a network of branches at the following locations: [4]

  1. Westlands Branch - Apollo Centre, 2nd Floor, Ring Road, Westlands, Nairobi
  2. Koinange Street Branch - Finance House, Ground Floor, Koinange Street, Nairobi
  3. Nakumatt Mega Branch - Nakumatt Mega Store, Uhuru Highway, Nairobi
  4. Thika Road Mall Branch - Thika Super Highway, Thika Road, Nairobi
  5. Mombasa Branch - HassanAli Building, Nkurumah Road, Mombasa
  6. Nakuru Branch - AFC Building, Kijabe Row, Nakuru
  7. Eldoret Branch - Muya House, Kenyatta Street, Eldoret
  8. Kitale Branch - Robert Ouko Road, Kitale.

Governance[edit]

The bank is governed by a six-person Board of Directors. Shanti Shah, one of the non-Executive Directors serves as the Chairman of the Board. The Managing Director and Chief Executive Officer is R.B. Singh[5]

See also[edit]

References[edit]

  1. ^ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies". Central Bank of Kenya (CBK). Retrieved 5 August 2014. 
  2. ^ OCB, . (30 April 2014). "Audited 31 December 2013 Financial Statement". OrientalBank.Co.Ke (OCB). Retrieved 5 August 2014. 
  3. ^ Bankelele, . (28 April 2014). "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. Retrieved 5 August 2014. 
  4. ^ OCB, . "The Branch Network of Oriental Commercial Bank". Oriental Commercial Bank (OCB). Retrieved 5 August 2014. 
  5. ^ OCB, . "The Board of Directors of Oriental Commercial Bank". Oriental Commercial Bank (OCB). 

External links[edit]