Imperial Bank Limited

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Imperial Bank Kenya
Industry Financial Services
Founded 1993
Headquarters Nairobi, Kenya
Key people
Alnashir Popat
Naeem Shah
Ag. Managing Director[1]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$21.453 million (KES:1.854 billion) (2013)
Total assets US$497.7 million (KES:43 billion) (2013)
Website Homepage

Imperial Bank Limited (IBKL), commonly known as Imperial Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is one of the forty-three commercial banks licensed by the Central Bank of Kenya (CBK), the central bank and national banking regulator.[2]

On 13 October 2015, the Central Bank of Kenya placed the Bank under the management and control of the state's Kenya Deposit Insurance Corporation because of what the Central Bank termed as "unsafe and unsound business conditions" at the Bank. Separately, sources said an internal fraud scheme had occasioned the move.[3]

The CBK had hoped that owners of Imperial Bank would inject cash into the institution but has recently lamented that the shareholders had failed to make good on their promise.

Depositors of the troubled bank can now make their claims at any KCB or Diamond Trust Bank Group branch and such claims will take three days to confirm their details before they are paid.[4]


The bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of December 2013, the bank's total asset base was valued at about US$498 million (KES:43 billion), with shareholders equity of approximately US$66.2 million (KES:5.719 billion).[5] At that time, Imperial Bank Limited was ranked the 19th largest Kenyan commercial bank, by assets, out of forty-three licensed banks in the country.[6]


Imperial Bank Limited was established in 1992 as a Finance and Securities Company. In 1996, the bank commenced commercial banking services, following the issuance of a banking license by the Central Bank of Kenya.[7] In January 2011, the bank, in partnership with Mukwano Group, a Ugandan business and manufacturing conglomerate, opened a subsidiary, Imperial Bank Uganda, with headquarters at 6 Hannington Road, on Nakasero Hill, in the center of Kampala's central business district.[8]

Subsidiaries and Investments[edit]

The companies that comprise the Imperial Bank include the following:[9]

  1. Imperial Bank Kenya - Retail banking - Nairobi, Kenya - 100% Shareholding - A commercial bank in Kenya, serving individuals and businesses, focusing mainly on large corporations. This is the flagship company of the group.
  2. Imperial Bank Uganda - Retail banking - Kampala, Uganda - 58.6% Shareholding - A commercial bank in Uganda.


The stock of the bank is privately held. The bank is a wholly owned subsidiary of Imperial Securities Limited.[9] The detailed shareholding in Imperial Securities Limited is as follows:[10]

Shareholder Percentage held Notes
Imaran Investments Limited 14.0 Alnashir Popat, the Chairman, has a 50% interest in this company.
Abdumal Investments Limited 14.0 Anwar Hajee, Director, has a 50% interest in this company
Janco Investments Limited 13.5 Abdulmalek Janmohamed, the Managing Director, has a 50% interest in this company
Rex Motors Limited 12.5
Kenblest Limed 12.5 Jinit Shah, Director, has a 50% interest in this company
Momentum Holdings Limited 12.5 Mukesh Kumar Patel, Director, has a 50% interest in this company
EA Motor Industries Limited 11.0 Vishnu Dhutia, Director, has a 50% interest in this company
Reynolds & Company Limited 10.0 Hanif Mohamed Amirali Somji, Director, has a 50% interest in this company

Branch network[edit]

As of August 2014, the bank maintained a network of branches at the following locations:[11]

  1. Head Office - Imperial Court, Westlands Road, Westlands, Nairobi
  2. Westlands Branch - Imperial Court, Westlands Road, Westlands, Nairobi
  3. Upper Hill Branch - Bunyala Road, Upper Hill, Nairobi
  4. IPS Branch - IPS Building, 8th Floor, Kimathi Street, Nairobi
  5. Parklands Branch - Regal Plaza, Ground Floor, Limuru Road, 6th Avenue, Parklands, Nairobi
  6. Card Centre - Regal Plaza, Ground Floor, Limuru Road, Parklands, Nairobi
  7. Highridge Branch - Masari Road, Parklands, Nairobi
  8. Mombasa Branch - Imperial Bank Building, Kaunda Avenue, Mombasa
  9. Diani Branch - Beach Road Next to Collier Centre, Diani
  10. Karen Branch - 1st Floor, Cross Roads Mall, Karen, Nairobi
  11. Malindi Branch - Galana Centre, Lamu Road, Malindi
  12. Watamu Branch - Tourist Road, Watamu
  13. Thika Branch - Pushpa Plaza, Nkrumah Road, Thika
  14. Eldoret Branch I - Imperial Court, Nairobi Road, Eldoret
  15. Kilifi Branch - Kilifi Arcade, Biashara Street, Kilifi
  16. Industrial Area Branch - Bamburi Road, off Enterprise Road, Nairobi
  17. Village Market Branch - Village Market, Limuru Road, Gigiri
  18. Riverside Branch - Riverside Green Suite, 1st Floor, Riverside Drive, Nairobi
  19. Likoni Branch - Nova Holdings Complex, Nyerere Avenue, Mombasa
  20. Haile Selassie Branch - Blueroom Building, Haile Selassie Road, Mombasa
  21. Bamburi Branch - City Mall, 1st Floor, Bamburi, Mombasa
  22. Changamwe Branch - Rhino Properties Refinery Place, Mombasa
  23. Junction Branch - Junction Mall, Fourth Floor, Ngong Road, Nairobi
  24. Nakuru Branch - Ground Floor, Westside Mall, Nakuru
  25. Greenspan Branch - Manyanja Road, Off Outering Road, Nairobi
  26. Eldoret Branch II - Laboso House, Kenyatta Street, Eldoret
  27. Nyali Cinemax Branch - Nyali Cinemax, Mombasa.
  28. Westgate Mall Branch-Nairobi
  29. GardenCity Mall Branch - Thika Road
  30. Lunga Lunga Branch - Industrial Area, Nairobi


Alnashir Popat, a non-executive director of the bank, serves as the Chairman of the seven-member board of directors..[12] Following the death of Abdulmalek Janmohamed in September 2015, Naeem Shah was named Managing Director, on an interim basis.[1]

Recent Developments[edit]

On 21 June 2016, the Central Bank of Kenya appointed NIC Bank as asset and liabilities consultant for Imperial Bank (in receivership). Effectively, NIC Bank took over the responsibility of returning funds to the failed bank's deposit customers. The agreement also allows NIC to acquire some of the deposits, assets and liabilities of Imperial once its receiver manager the Kenya Deposit Insurance Corporation starts liquidating the bank.[13]

See also[edit]


  1. ^ a b Okoth, Edwin (17 September 2015). "Imperial Bank appoints Naeem Shah as MD". Daily Nation. Nairobi. Retrieved 17 September 2015. 
  2. ^ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 7 August 2014. 
  3. ^
  4. ^
  5. ^ IBKL, . (2014). "Audited 31 December 2013 Financial Statement" (PDF). Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. [permanent dead link]
  6. ^ Bankalele, . (28 April 2014). "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. Retrieved 7 August 2014. 
  7. ^ IBKL, . "The History of Imperial Bank Limited". Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 
  8. ^ IBKL (January 2011). "Kenya's Imperial Bank Enters Uganda Market". Retrieved 7 August 2014. 
  9. ^ a b "Imperial Bank Bond information memorandum" (PDF). Imperial Bank Limited. 2015-08-12. Retrieved 2015-08-25. 
  10. ^ IBKL (13 March 2013). "31 December 2012 Annual Report: Principal Shareholders" (PDF). Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 
  11. ^ IBG. "The Branch Network of Imperial Bank Kenya Limited". Imperial Bank Group (IBG) Copyright © 2014 Imperial Bank Group. Retrieved 7 August 2014. 
  12. ^ IBKL. "Imperial Bank Kenya Limited: The Board of Directors". Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 
  13. ^ Juma, Victor (21 June 2016). "NIC to compensate Imperial Bank depositors in new deal". Business Daily Africa. Nairobi. Retrieved 21 June 2016. 

External links[edit]