• Source: Credit Bank

      • 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.


      Overview


      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, the bank's total assets were valued at approximately US$178.28 million (KES:17.805 billion), with shareholders' equity valued at US$28.67 million (KES:2.86 billion).


      History


      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.


      Ownership


      As at January 2016, the shares of stock of Credit Bank are privately owned by corporate and individual investors. In January 2016, Fountain Enterprises Programme Group (FEP) announced plans to acquire a controlling 75 per cent stake in Credit Bank for KSh4 billion (approx. US$40 million), pending approval of the Central Bank of Kenya. As of June 2019, the major shareholders in the bank's stock were as depicted in the table below:


      Branches


      The bank maintains networked branches at the following locations:

      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
      Meru Branch - Meru
      Eldoret Branch - Kerio Valley Development Authority Building, Oloo Street, Eldoret


      See also



      List of banks in Kenya
      Central Bank of Kenya
      Economy of Kenya


      References




      External links


      Website of Central Bank of Kenya
      Website of Credit Bank Limited
      Nyachae-linked bank seeks Sh5.4 billion diaspora buyout

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