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 |
| Revenue |  Aftertax:US$1.256 million (KES:131.9 million) (H1:2014) |
| Total assets | US$163.33 million (KES:14.195 billion) (H1:2014) |
| 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 June 2014[update], 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).[3] At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class.[4][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 August 2014[update], Guardian Bank Limited maintains branches at the following locations:[9]
- Administrative Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
- Eldoret Branch - Biharilal House, Uganda Road, Eldoret
- Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
- Kisumu Branch - Ground Floor, Amalo Plaza, Oginga Odinga Road, Kisumu
- Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
- Mombasa Branch - Oriental Building, Nkrumah Road, Mombasa
- Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
- Nyali Branch - Ground Floor, Links Plaza, Nyali
- Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi.
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.
- ^ "Unaudited 30 June 2014 Financial Statements And Disclosures" (PDF). Guardian Bank Limited (GBL). Retrieved 8 August 2014.
- ^ "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. 28 April 2014. Retrieved 8 August 2014.
- ^ Duncan Miriri; Sharon Lindores (15 February 2010). "Factbox: Key Facts On Kenya's Banking Sector". Thomson Reuters. Retrieved 8 August 2014.
- ^ "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.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "About Chandaria Industries Limited: Company Profile". Chandaria Industries Limited (CIL). 2012. Retrieved 8 August 2014.
- ^ "The Branch Network of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014.
External links
- Website of Central Bank of Kenya
- Company Profile At Businessweek.com
- Webuye Lost Paper Mill But Not Its Chicken Soup
