KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.

Overview

As of December 2015, KCB Bank Kenya was the largest commercial bank in Kenya with assets of more than US$3.681 billion (KES:366 billion) and US$2.776 billion (KES:276 billion) in customer deposits. y August 2021, the bank recorded a customer deposit growth to USD$5.47 billion (KES:601.7 billion) and had an asset base value of USD$7.09 billion (KES:7.09 billion).During that time, it had 201 branches, 397 ATM machines, and registered 15,273 Agents and Merchant outlets spread across Kenya. KCB Bank Kenya received both Kenya’s Best Bank 2021 award and Africa’s Best Responsible Bank in the Euromoney Awards for Excellence. The bank was feted as the Best Bank in Customer Experience in Kenya and the Most Innovative Banking Brand in Kenya by thee 2021 Global Brands Magazine Awards.

History

KCB Bank Kenya roots trace back to July 1896 when its parent company, KCB Group, was formed as a branch of the

National Bank of India National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland ...

in Mombasa. In 1958, Grindlays Bank merged with the National Bank of India to form the

National and Grindlays Bank The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elemen ...

. Upon independence, the

Government of Kenya , image = , caption = Coat of arms of Kenya , date = 1963 , jurisdiction = Republic of Kenya , url = http://www.mygov.go.ke/ , legislature = Parliament of Kenya , meeting_place = ...

acquired 60% shareholding in National & Grindlays Bank. In 1970, the Government took full control of the bank and renamed it to Kenya Commercial Bank Group. KCB Bank Kenya, as it is now known, was incorporated in 2015 as a result of the corporate restructure of Kenya Commercial Bank Group (KCB Group). Prior to 2015, KCB Group was both a licensed bank and a holding company for its subsidiaries. This was in compliance with the Kenya Finance Act No.57 of 2012. KCB Group Limited announced, in April 2015, its intention to incorporate a new wholly owned subsidiary, KCB Bank Kenya Limited, to which it would transfer its Kenyan banking business, assets and liabilities. The re-organisation converted KCB Group Limited into a non-trading holding company that owns both banking and non-banking subsidiary companies. In 2016, KCB Group PLC was registered as a non-operating holding company to manage and oversee all KCB regional units in Kenya, Tanzania, South Sudan, Uganda,

Rwanda Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...

Burundi Burundi (, ), officially the Republic of Burundi ( rn, Repuburika y’Uburundi ; Swahili language, Swahili: ''Jamuhuri ya Burundi''; French language, French: ''République du Burundi'' ), is a landlocked country in the Great Rift Valley at the ...

and Ethiopia. In 2019, KCB Group PLC acquired

National Bank of Kenya National Bank of Kenya (NBK), also known as National 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. Effecti ...

Ownership

KCB Bank Kenya Limited is a 100 percent subsidiary of KCB Group. Shares of KCB Group 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), the Rwanda Stock Exchange (RSE) and the Dar es Salaam Stock Exchange (DSE).

KCB Group Plc

KCB Bank Kenya Limited is a member of the KCB Group of companies. KCB Group companies include: * KCB Bank Kenya Limited – Nairobi, Kenya *

– Nairobi, Kenya * KCB Bank Burundi Limited –

Bujumbura Bujumbura (; ), formerly Usumbura, is the economic capital, largest city and main port of Burundi. It ships most of the country's chief export, coffee, as well as cotton and tin ore. Bujumbura was formerly the country's normal capital. In late ...

, Burundi * KCB Bank Rwanda Limited –

Kigali Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali has been Rwa ...

, Rwanda *

KCB Bank South Sudan Limited Kenya Commercial Bank South Sudan Limited, sometimes KCB South Sudan, is a commercial bank in South Sudan. It is licensed by the Bank of South Sudan, the country's central bank and national banking regulator. Kenya Commercial Bank Group Kenya ...

– Juba, South Sudan *

KCB Bank Tanzania Limited KCB Bank Tanzania Limited, also KCB Bank Tanzania, is a commercial bank in Tanzania. It is one of the twenty-nine (29) banks licensed by the Bank of Tanzania, the country's banking regulator. The bank is a member of the Kenya Commercial Bank Group ...

–

Dar es Salaam Dar es Salaam (; from ar, دَار السَّلَام, Dâr es-Selâm, lit=Abode of Peace) or commonly known as Dar, is the largest city and financial hub of Tanzania. It is also the capital of Dar es Salaam Region. With a population of over s ...

, Tanzania * KCB Bank Uganda Limited – Kampala, Uganda
KCB Foundation Limited
* KCB Capital Limited * KCB Insurance Agency Limited * KCB Sports Sponsorship Limited – Nairobi, Kenya

Branch network

As of August 2021, KCB Group had a total of 354 branches, 1,103 ATM machines, and 15,273 bank agents and merchant outlets throughout all of its subsidiaries. It has the largest number of own-branded ATMs in Kenya. At that time, the Group served a footprint of 26.8 million customers marking it the largest in the region.

Officers and management

The chairman of the bank's board of directors is Andrew Wambari Kairu, and the chief executive officer and managing director of the bank is Paul Russo.

References

External links

Website of KCB Bank Kenya Limited
{{Banking in Kenya Banks of Kenya Companies based in Nairobi Banks established in 2015 Kenyan brands KCB Group Kenyan companies established in 2015 ca:Kenya Commercial Bank