Guardian Bank

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Guardian Bank
Industry Financial Services
Founded 1992 (1992)
Headquarters Nairobi, Kenya
Key people
Maganlal M. Chandaria
Vasant Shetty
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$1.256 million (KES:131.9 million) (H1:2014)
Total assets US$163.33 million (KES:14.195 billion) (H1:2014)

Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by Central Bank of Kenya, the central bank and national banking regulator.[1]


As of June 2014, the bank was a medium-sized retail bank, with an asset base totaling approximately US$163.3 million (KES:14.195 billion), and shareholders' equity of about US$18.8 million (KES:1.626 billion).[2] At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class.[3][4]


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.[5][6]


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.[7]

Branch network[edit]

As of August 2014, Guardian Bank Limited maintains branches at the following locations:[8]

  1. Administrative Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
  2. Eldoret Branch - Biharilal House, Uganda Road, Eldoret
  3. Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
  4. Kisumu Branch - Ground Floor, Amalo Plaza, Oginga Odinga Road, Kisumu
  5. Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
  6. Mombasa Branch - Oriental Building, Nkrumah Road, Mombasa
  7. Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
  8. Nyali Branch - Ground Floor, Links Plaza, Nyali
  9. Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi.


The Chairman of the nine-person Board of Directors is Maganlal M. Chandaria, one of the non-Executive Directors. Vasant Shetty serves as the Managing Director.[9]

See also[edit]


  1. ^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 8 August 2014. 
  2. ^ "Unaudited 30 June 2014 Financial Statements And Disclosures" (PDF). Guardian Bank Limited (GBL). Retrieved 8 August 2014. 
  3. ^ "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. 28 April 2014. Retrieved 8 August 2014. 
  4. ^ Duncan Miriri; Sharon Lindores (15 February 2010). "Factbox: Key Facts On Kenya's Banking Sector". Thomson Reuters. Retrieved 8 August 2014. 
  5. ^ "History of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014. 
  6. ^ "Mergers And Acquisitions Among Kenyan Commercial Banks From 1989 To 2010". Central Bank of Kenya (CBK). Retrieved 8 August 2014. 
  7. ^ "About Chandaria Industries Limited: Company Profile". Chandaria Industries Limited (CIL). 2012. Retrieved 8 August 2014. 
  8. ^ "The Branch Network of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014. 
  9. ^ "The Board of Directors At Guardian Bank Limited". Guardian Bank Limited. Retrieved 8 August 2014. 

External links[edit]