|Products||Loans, Checking, Savings, Investments, Debit Cards|
|Revenue||Aftertax: US$274,700 (KES:28.05 million) (2016)|
|Total assets||US$204.5 million (KES:20,88 billion) (2016)|
Number of employees
The headquarters of Sidian Bank are located at K-Rep Centre, on Wood Avenue, in Kilimani, a neighborhood in Nairobi, the capital and largest city in Kenya. The coordinates of the bank's headquarters are: 01°17'26.0"S, 36°47'10.0"E (Latitude:-1.290556; Longitude:36.786112).
The bank is a medium-sized financial services provider, serving the urban and rural poor and small-to-medium business enterprises in Kenya. As of December 2016[update], the total assets of the bank were valued at about US$US$204.5 million (KES:20,88 billion), with shareholders' equity of approximately US$37.9 million (KES:3.87 billion). As of April 2016, the bank customer base exceeded 300,000. The name Sidian is derived from Obsidian, an extrusive igneous rock.
Sidian Bank was founded in 1984 as K-Rep Bank. In the beginning, the organization provided grants and technical assistance to non-governmental organizations (NGO). The NGOs then made loans to micro-enterprises.
In 1989, K-Rep changed its strategy to lending to the NGOs. The technical assistance that had been provided for free now attracted a fee.
In 1999, K-Rep re-organized itself into four entities:
- K-Rep Group – This is the parent company. It owns, either wholly or partially, the other three subsidiaries.
- K-Rep Development Agency – This agency carries out research and developmental assistance work for the group
- K-Rep Advisory Services – This company provides consultancy services for a fee.
On 4 April 2016, K-Rep bank re-branded as Sidian Bank, to reflect the majority shareholding by Centum Investments Limited. As at 31 December 2016, the major shareholders in the bank stock included the following:
|Rank||Name of Owner||Percentage Ownership|
|1||Bakii Holdco Limited1||
|3||KWA Multi-Purpose Co-operative Society||
|4||Centum Investment Company Limited||
1 - Bakii Holdco Limited is a Non-Operating Holding Company and a wholly owned subsidiary of Centum Investments. This is in accordance with the CBK Banking Act and Prudential Guidelines.
2 - K-Rep Group are the entities that founded K-Rep Bank in 1984.
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- Sidian Bank (24 March 2017). "Annual report and audited financial statements as of 31st December 2016" (PDF). Sidian Bank. Retrieved 15 August 2017.
- Mutegi, Mugambi (24 July 2016). "Sidian head hunts Chase staff to drive SME unit". Business Daily Africa. Nairobi. Retrieved 25 July 2016.
- CBK. "Central Bank of Kenya: Commercial Banks & Mortgage Finance Institutions". Nairobi: Central Bank of Kenya (CBK). Archived from the original on 1 July 2014. Retrieved 31 July 2014.
- Sidian Bank (24 October 2016). "Sidian Bank: Contact Us". Nairobi: Sidian Bank. Retrieved 24 October 2016.
- Google (24 October 2016). "Location of the Headquarters of Sidian Bank, Kilimani, Nairobi, Kenya" (Map). Google Maps. Google. Retrieved 24 October 2016.
- Michira, Moses (21 October 2010). "Private Financiers See Potential In SMEs". Business Daily Africa. Nairobi. Retrieved 31 July 2014.
- Ngugi, Brian (4 April 2016). "Sidian Bank's minority investors to provide Sh400m capital". Business Daily Africa. Nairobi. Retrieved 5 April 2016.
- MCU (25 January 2012). "MicroCapital Universe: K-Rep Bank". MicroCapital.Org (MCU).
- Mwaniki, Charles (20 May 2015). "Centum To Inject KSh1.2 Billion Bond Proceeds Into K-Rep Bank". Business Daily Africa. Nairobi. Retrieved 21 May 2015.
- "Sidian Bank - About us". Sidian Bank Limited. Retrieved 2016-04-02.
- Mutegi, Mugambi (27 March 2016). "K-Rep Bank plans name change as it seeks to shed microfinance image". Business Daily Africa. Nairobi.
- Herbling, David (14 August 2014). "K-Rep report reveals owners of KSh3.8 billion bank". Business Daily Africa. Nairobi. Retrieved 15 August 2017.