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Giro Commercial Bank
Giro Commercial Bank, whose full name was Giro Commercial Bank Limited, was a commercial bank in Kenya it was acquired and absorbed by I&M Holdings Limited, I&M Holdings in 2017. It was licensed by the Central Bank of Kenya, the central bank and national banking regulator. , the total asset base of Giro Commercial Bank was valued at approximately KSh.13.623 billion/= (US$157.67 million), with shareholders' equity of approximately KSh.2.086 billion/= (US$24.15 million). Then, the bank held KSh.11.457 billion (US$132.6 million), in customer deposits. At that time, the bank was ranked number 29 out of 43 licensed banks in Kenya. History The bank was established as ''Giro Bank Limited'' in 1992. In 1998, Giro Bank merged with ''Commercial Bank Limited'', to form ''Giro Commercial Bank Limited''. The stock of the bank is privately owned by individuals and institutions. On September 7, 2015, I&M Bank Group, I&M Holdings announced the acquisition of Giro Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nation Media Group
Nation Media Group (abbreviated as NMG) is a Kenyan media group listed on the Nairobi Stock Exchange. NMG was founded by Aga Khan IV in 1959 and is the largest private media house in East and Central Africa with offices in Kenya, Uganda, and Tanzania. In 1999, NMG launched NTV, a news channel in Kenya, and Easy FM. Media outlets The group publications include ''The EastAfrican'', '' Daily Nation'', ''Business Daily Africa'', ''Daily Monitor'', '' The Citizen'', ''NMG Investor Briefing'', ''Taifa Leo'' and ''Zuqka''. The ''Daily Nation'' and the Sunday edition of the same newspaper, the ''Sunday Nation'', celebrated their 50th anniversaries, branded by the Nation Media Group as "50 Golden Years", in 2010. NMG owns a 76.5% stake in the Monitor Publications Limited and 93.3 KFM, a Kampala-based radio station in Uganda. It also owns two television stations in the country, NTV Uganda and Spark TV. NMG also has a 60% shareholding in ''Mwananchi Communications Limited in Tanzania. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1992
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Kenya
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune Global 500'' list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the 5-trillion market capitalisation on the Indian stock exchanges for the first time. The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenyan Shilling
The shilling ( sw, shilingi; abbreviation: KSh; ISO code: KES) is the currency of Kenya. It is divided into 100 cents. Notation Prices in the Kenyan shilling are written in the form of , where x is the amount in shillings, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "" and 100 shillings as "" or "100/-". Sometimes the abbreviation ''KSh'' is prefixed for distinction. If the amount is written using words as well as numerals, only the prefix is used (e.g. KSh 10 million). This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence. History The Kenyan shilling replaced the East African shilling in 1966 at par. Coins The first coins were issued in 1966 in denominations of , , and , and 1/= and 2/= ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kenya
The Economy of Kenya is a market-based economy with a few state enterprises, it is also an emerging market and an averagely industrialised nation ahead of its East African peers. Kenya is a middle income nation and plans to be a newly industrialised nation in 2030. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa. The government of Kenya is generally investment-friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya's foreign financial inflows are remittances by non-resident Kenyans who work in the United States, the Middle East, Europe and Asia. As of September 2018, economic prospects were positive, with above 6% gross domestic product (GDP) growth expected. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Kenya
This is a list of notable commercial banks in Kenya ; Licensed commercial banks # ABC Bank (Kenya) # Absa Bank Kenya # Access Bank Kenya # Bank of Africa # Bank of Baroda # Bank of India # Citibank # Consolidated Bank of Kenya # Cooperative Bank of Kenya # Credit Bank # Development Bank of Kenya # Diamond Trust Bank # Dubai Islamic Bank # Ecobank Kenya # Equity Bank Kenya # Family Bank # First Community Bank # Guaranty Trust Bank Kenya # Guardian Bank # Gulf African Bank # Habib Bank AG Zurich # Housing Finance Company of Kenya # I&M Bank # Imperial Bank Kenya (In receivership) # Kingdom Bank Limited # Kenya Commercial Bank # Mayfair Bank # Middle East Bank Kenya # M Oriental Bank # National Bank of Kenya # NCBA Bank Kenya # Paramount Universal Bank # Prime Bank (Kenya) # SBM Bank Kenya # Sidian Bank # Spire Bank # Stanbic Holdings Plc # Standard Chartered Kenya # United Bank for Africa # Victoria Commercial Bank ; Representative offices of foreign banks # HDFC Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westlands
Westlands is an affluent, mixed-use commercial and residential neighbourhood in Nairobi. Location Westlands is located approximately , by road, northwest of the central business district of Nairobi. The geographical coordinates of the neighbourhood are: 01°16'01.0"S, 36°48'42.0"E (Latitude:-1.266944; Longitude:36.811667). Overview Westlands was a residential district during the colonial period which ended in 1963. Then, it housed mainly Kenyan Asians of Indian descent. During the 1990s and early 2000s, as land and office space became scarce and exorbitantly priced in the central business district, more businesses have relocated to Westlands and Upper Hill, where land and office space are more readily available and less expensive. Westlands was initially considered part of the Parklands area and straddled what is now Waiyaki Way, originally the Kenya-Uganda Railway. The area has been nicknamed Westie by the youth of Nairobi. It is nowadays typically inhabited by a signif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parklands, Nairobi
Parklands is a neighbourhood in the city of Nairobi, the capital and largest city in Kenya. It is divided into numbered avenues. The name arises from the proximity of the area to City Park, Nairobi. Location Parklands is located approximately , by road, north-northwest of the central business district of Nairobi. The coordinates of Parklands are:01 15 36S, 36 49 05E (Latitude:-1.2600; Longitude:36.8180). Overview During Kenya's colonial days, the British demarcated the area as a residential neighbourhood for civil servants. During the 1940s and 1950s Parklands was one of the most congested suburban areas of the Nairobi metropolitan area. In the second decade of the 2000s Parklands is a mixed commercial/residential neighbourhood. The relative availability and comparatively reasonably priced land in the area attracts business and residential real estate development, away from the relative lack and exorbitant pricing of real estate in Nairobi's central business district, to the so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mombasa
Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of the British East Africa, before Nairobi was elevated to capital city status. It now serves as the capital of Mombasa County. The town is known as "the white and blue city" in Kenya. It is the country's oldest (circa 900 AD) and second-largest List of cities in Kenya, cityThe World Factbook . Cia.gov. Retrieved on 17 August 2013. after the capital Nairobi, with a population of about 1,208,333 people according to the 2019 census. Its metropolitan region is the second-largest in the country, and has a population of 3,528,940 people. Mombasa's location on the Indian Ocean made it a historical trading centre, and it has been controlled by ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kisumu
Kisumu ( ) is the List of cities and towns in Kenya by population, third-largest city in Kenya after the capital, Nairobi, and the coastal city of Mombasa (census 2019). It is the third-largest city after Kampala and Mwanza in the Lake Victoria Basin. Apart from being an important political city, it is one of the premier industrial and commercial centres in Kenya. The city is currently undergoing an urban rejuvenation of the downtown and lower town which includes modernizing the lake front, decongesting main streets, and making the streets pedestrian-friendly. Culturally, Kisumu serves as the center of the Luo people of East Africa. It was the most prominent urban centre in the pre-colonial, post-colonial, and modern era for natives of the Kavirondo region. It was briefly renamed to Port Florence before being reverted to its original name. The city serves as the capital city, capital of Kisumu County and was the immediate former capital of now defuct Nyanza Province. It is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
