Guardian Bank
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1992 |
| Headquarters | Nairobi, Kenya |
Key people | Maganlal M. Chandaria (Chairman), Vasant Shetty (Managing Director)[1] |
| Products | Loans, Transaction accounts, Savings, Investments, Debit Cards |
 Aftertax: US$2.194 million (KES:225.5 million) (H1:2018) | |
| Total assets | US$157.4 million (KES:16.186 billion) (H1:2018) |
| Owner | Chandaria Industries Limited |
| Website | guardian-bank |
Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya with headquarters in Nairobi. It is licensed by Central Bank of Kenya, the central bank and national banking regulator.[2]
As of December 2018[update], the bank was a medium-sized retail bank, with an asset base totaling approximately US$157.4 million (KES:16.186 billion), and shareholders' equity of about US$24.87 million (KES:2.557 billion).[3][4] Figures from the previous year[update] ranked Guardian, with a market share of 0.40%, the 26th largest Kenyan bank among 43 licensed financial institutions in its class.[5]
History
Guardian Bank was established in 1992 as Euro Finance Limited, a non-bank financial institution. As a result of the changes in the banking laws of Kenya, Euro Finance Limited converted into a commercial bank in 1996 and rebranded to Guardian Bank Limited. In December 1999, the bank merged with Guilders International Bank Limited, keeping its current name, after the merger.[6][7]
Ownership
The stock of Guardian Bank is privately held. The detailed shareholding in the bank is not widely publicly known. The bank operates as a subsidiary of Chandaria Industries Limited, a business conglomerate that is also in involved in manufacture of paper, paper products, toilet tissue, facial tissues and other paper derivatives.[8]
Branch network
As of November 2019[update], Guardian Bank Limited maintains branches at the following locations:[9]
- Nairobi
- Head Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
- Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
- Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
- Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
- Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi
- Western
- Coastal
See also
References
- ^ "The Board of Directors At Guardian Bank Limited". Guardian Bank Limited. Retrieved 8 August 2014.
- ^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 8 August 2014.
- ^ Audited Financial Statements and Other Disclosures For the Year Ended 31st December 2018 (PDF) (Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 March 2019. Retrieved 7 November 2019.
- ^ Annual Report and Financial Statements at 31 December 2018 (PDF) (Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 February 2019. p. 13. Retrieved 7 November 2019.
- ^ Bank Supervision Annual Report 2017 (PDF) (Report). Central Bank of Kenya. 22 August 2018. p. 56. Retrieved 7 November 2019.
- ^ "History of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014.
- ^ "Mergers And Acquisitions Among Kenyan Commercial Banks From 1989 To 2010". Central Bank of Kenya (CBK). Archived from the original on 18 July 2014. Retrieved 8 August 2014.
- ^ "About Chandaria Industries Limited: Company Profile". Chandaria Industries Limited (CIL). 2012. Retrieved 8 August 2014.
- ^ "Branches". Guardian Bank Limited (GBL). Retrieved 7 November 2019.
