Kenya Commercial Bank

Type	Public NSE :KCB
Founded	1896
Headquarters	Kencom House, Moi Avenue, Nairobi, Kenya
Key people	Martin Oduor-Otieno, Chief Executive Officer
Industry	Banking
Products	Loans, credit cards, savings, investments, mortgages
Total assets	US$2 billion+ (2009)
Website	http://www.kcbbankgroup.com/ke/index.php

Kenya Commercial Bank (KCB) is a financial services provider headquartered in Nairobi, Kenya. It is among the three largest commercial banks in Kenya with assets of more than US$2 billion. The other two are Barclays Bank of Kenya and Standard Chartered Bank of Kenya.

Shares of the stock of Kenya Commercial Bank Group (KCB Group), the parent company of Kenya Commercial Bank, are listed on the Nairobi Stock Exchange (NSE), under the symbol (KCB). The Group's stock is also cross listed on the Uganda Securities Exchange (USE).

Contents 1 Kenya Commercial Bank Group 2 History 3 Branch network 4 Officers & Management 5 Sports 6 External links 7 References

[edit] Kenya Commercial Bank Group

Kenya Commercial Bank is a member of the KCB Group of companies. These include: ^{[1] [2]}

• Kenya Commercial Bank - Nairobi, Kenya
• KCB Rwanda - Kigali, Rwanda
• KCB Southern Sudan - Juba, Southern Sudan
• KCB Tanzania - Dar es Salaam, Tanzania
• KCB Uganda - Kampala, Uganda
• KCB Foundation Limited - Nairobi, Kenya
• KCB Sports Sponsorship Limited - Nairobi, Kenya
• Savings & Loan Kenya Limited - Nairobi, Kenya

The KCB Group is the largest financial services group in East Africa, with an asset base estimated at over US$2.5 billion. As of March 2009, KCB Group has the widest network of banking outlets comprising of over 170 branches in Kenya, Rwanda, Southern Sudan and Tanzania.

[edit] History

The history of Kenya Commercial Bank (KCB) dates back to 1896 when its predecessor, the National Bank of India opened an outlet in Mombasa. Eight years later in 1904, the bank extended its operations to Nairobi, which had become the headquarters of the expanding railway line to Uganda.

The next major change in the bank's history came in 1958. Grindlays Bank merged with the National Bank of India to form the National and Grindlays Bank. Upon Kenya's independence in 1963, the Government of Kenya acquired 60% shareholding in National & Grindlays Bank in an effort to bring banking closer to the majority of Kenyans. In 1970, the Government of Kenya acquired 100% ownership of the bank's shares to take full control of the largest commercial bank in Kenya. National and Grindlays Bank was renamed Kenya Commercial Bank. The Government has over the years reduced its shareholding in KCB to 23%, as of December 2008.

In 1972, Savings & Loan (Kenya) Limited was acquired to specialize in mortgage finance. In 1997, another subsidiary, Kenya Commercial Bank (Tanzania) Limited was incorporated in Dar es Salaam, Tanzania to provide banking services and promote cross-border trading.

In May 2006 KCB extended its operations to Southern Sudan following licensing by the Bank of Southern Sudan. In November, 2007, the first branch of KCB Uganda Limited opened in Kampala, Uganda following licensing by the Bank of Uganda. In 2008, KCB expanded to Rwanda, where the first branch opened in Kigali in December 2008. A subsidiary is expected to be opened in Burundi during 2009.^[3][4]

[edit] Branch network

KCB has more than 150 branches throughout Kenya, making it the largest banking network in the region. It has the largest number of own-branded ATMs in Kenya. Since 2004 all of the branches in Kenya have been rebranded as part of a wider corporate branding exercise. KCB has partnered with Pesa Point to increase the number of ATM points customers can access their funds.

[edit] Officers & Management

• P. W. Muthoka (Chairperson)
• Martin Oduor-Otieno (CEO)

[edit] Sports

KCB owns a sports club, that has teams in Kenyan football, rugby, volleyball and basketball leagues. See Kenya Commercial Bank (sports club). Since 2003 Kenya Commercial Bank has been sponsoring the Safari Rally - East Africa Rally Championships ( which consists of the Kobil rally in Tanzania, Pearl of Africa in Uganda and the Safari Rally in Kenya) and the Kenya National Rally Championship which consists of 8 series through out the year.

[edit] External links

• Kenya Commercial Bank Homepage
• History of KCB

[edit] References

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