J u m p t o c o n t e n t
M a i n m e n u
M a i n m e n u
N a v i g a t i o n
● M a i n p a g e ● C o n t e n t s ● C u r r e n t e v e n t s ● R a n d o m a r t i c l e ● A b o u t W i k i p e d i a ● C o n t a c t u s ● D o n a t e
C o n t r i b u t e
● H e l p ● L e a r n t o e d i t ● C o m m u n i t y p o r t a l ● R e c e n t c h a n g e s ● U p l o a d f i l e
S e a r c h
Search
A p p e a r a n c e
● C r e a t e a c c o u n t ● L o g i n
P e r s o n a l t o o l s
● C r e a t e a c c o u n t ● L o g i n
P a g e s f o r l o g g e d o u t e d i t o r s l e a r n m o r e ● C o n t r i b u t i o n s ● T a l k
( T o p )
1 O v e r v i e w
2 H i s t o r y
3 O w n e r s h i p
4 B r a n c h e s
5 S e e a l s o
6 R e f e r e n c e s
7 E x t e r n a l l i n k s
T o g g l e t h e t a b l e o f c o n t e n t s
C r e d i t B a n k
A d d l a n g u a g e s
A d d l i n k s
● A r t i c l e ● T a l k
E n g l i s h
● R e a d ● E d i t ● V i e w h i s t o r y
T o o l s
T o o l s
A c t i o n s
● R e a d ● E d i t ● V i e w h i s t o r y
G e n e r a l
● W h a t l i n k s h e r e ● R e l a t e d c h a n g e s ● U p l o a d f i l e ● S p e c i a l p a g e s ● P e r m a n e n t l i n k ● P a g e i n f o r m a t i o n ● C i t e t h i s p a g e ● G e t s h o r t e n e d U R L ● D o w n l o a d Q R c o d e ● W i k i d a t a i t e m
P r i n t / e x p o r t
● D o w n l o a d a s P D F ● P r i n t a b l e v e r s i o n
A p p e a r a n c e
F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Credit Bank Limited (CBL), commonly referred to as Credit Bank , is a commercial bank in Kenya , the largest economy in the East African Community . It is licensed by the Central Bank of Kenya , the central bank and national banking regulator.[2]
Overview
[ edit ]
The bank is a medium-sized commercial bank in Kenya , East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale business-people. In September 2010, Credit Bank changed strategy and transformed into a retail bank , serving all segments of society and their businesses. As of December 2018[update] [1]
History
[ edit ]
The bank was founded in 1986, as a non-bank financial institution (NBFI); Credit Kenya Limited . In 1995, the institution was awarded a commercial banking license and it rebranded to Credit Bank Limited .[3]
Ownership
[ edit ]
As at January 2016, the shares of stock of Credit Bank are privately owned by corporate and individual investors.[4] [5] [6]
Credit Bank Limited Stock Ownership
Rank
Name of Owner
Percentage Ownership
1 Nyachae’s Sansora Group
2 Sanama Investment
2 Ketan Morjaria
3 Jay Karia
4 Fountain Enterprises Programme Group (FEP)[7]
5.00
5 Others
47.21
Total
100.00
Branches
[ edit ]
The bank maintains networked branches at the following locations:[8]
Main Branch - Mercantile House, Koinange Street, Nairobi
Westland Branch - Empress Plaza, Ring Road, Westlands , Nairobi
Industrial Area Branch - 53 Butere Road, Industrial Area, Nairobi
Lavington Branch - Lavington Mall, James Gichuru Road, Lavington , Nairobi
Kisumu Branch - Swan Centre, Oginga Odinga Road, Kisumu
Kitengela Branch - 2nd Floor, Safari House, Namanga Road, Kitengela
Nakuru Branch I - Giddo Plaza, Eldoret -Nakuru Highway, Nakuru
Kisii Branch - Hospital Road, Kisii
Mombasa Nkrumah Branch - Taiyebi House, Nkrumah Road, Mombasa
Eldoret Branch - Zion Mall, Uganda Road, Eldoret
Ongata Rongai Branch - Maasai Mall, Magadi Road, Ongata Rongai
Machakos Branch - Mbolu-Malu Road, Machakos
Thika Branch - Second Floor, Biashara Plaza, Mama Ngina Street, Thika
Nyali Branch - Nyali Centre, Link Road, Nyali
One Africa Branch - 2nd Floor, One Africa Place, Waiyaki Way, Westlands , Nairobi
New Nairobi Branch - Nairobi[7]
Meru Branch - Meru [7]
Eldoret Branch - Kerio Valley Development Authority Building, Oloo Street, Eldoret [9]
See also
[ edit ]
References
[ edit ]
^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF) . Central Bank of Kenya. Retrieved 13 August 2014 .
^ "History of Credit Bank Limited" . Credit Bank Limited. Archived from the original on 13 August 2014. Retrieved 13 August 2014 .
^ Gachiri, John (14 January 2016). "Investment firm FEP buys 5 per cent stake in Nyachae's Credit Bank" . Business Daily Africa . Retrieved 15 January 2016 .
^ Gachiri, John (18 January 2016). "FEP set to pay Sh4bn for controlling stake in Nyachae's Credit Bank" . Business Daily Africa . Retrieved 19 January 2016 .
^ a b c d e Victor Juma (6 June 2019). "Credit Bank In Sh2 Billion Cash Call For Expansion" . Business Daily Africa . Retrieved 6 June 2019 .
^ a b c Juma, Victor (16 August 2016). "FEP pays Sh107 million to buy stake in Nyachae majority-owned bank" . Business Daily Africa . Retrieved 16 August 2016 .
^ "The Branch Network of Credit Bank Limited" . Credit Bank Limited. Retrieved 13 August 2014 .
^ Dennis Lubanga (4 April 2019). "Credit Bank Eyes SMEs With Eldoret Outlet" . Business Daily Africa . Retrieved 4 April 2019 .
External links
[ edit ]
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Credit_Bank&oldid=1213740354 " C a t e g o r i e s : ● B a n k s o f K e n y a ● C o m p a n i e s b a s e d i n N a i r o b i ● E c o n o m y o f K e n y a ● B a n k s e s t a b l i s h e d i n 1 9 8 6 ● 1 9 8 6 e s t a b l i s h m e n t s i n K e n y a H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n m a t c h e s W i k i d a t a ● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m D e c e m b e r 2 0 1 8 ● A l l a r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s
● T h i s p a g e w a s l a s t e d i t e d o n 1 4 M a r c h 2 0 2 4 , a t 2 1 : 2 9 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
Aftertax:US$2.56 million (KES:256 million) (2018)[1]
