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The Info List - KCB Group


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KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes
African Great Lakes
region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya
Kenya
Limited, KCB Bank Burundi
Burundi
Limited, KCB Bank Rwanda
Rwanda
Limited, KCB Bank South Sudan
South Sudan
Limited, KCB Bank Tanzania Limited, and KCB Bank Uganda
Uganda
Limited.[1]

Contents

1 Overview 2 History 3 Ownership 4 Governance 5 Member companies 6 Branches of subsidiaries 7 Kenya
Kenya
Commercial Bank Plaza 8 See also 9 References 10 External links

Overview[edit] As of December 2015, the Group had assets of KES:566.6 billion and shareholders' equity of KES:78.1 billion.[1] In July 2015, news media reported that the group was pursuing expansion plans into the Democratic Republic of the Congo, Ethiopia, and Mozambique.[2] History[edit] The history of Kenya
Kenya
Commercial Bank Limited dates back to July 1896, when its predecessor, the National Bank of India (NBI), opened a branch in Mombasa to handle the business that the port was attracting at that time. In 1958, Grindlays Bank merged with the NBI to form the National and Grindlays Bank (NGB). Upon independence, the government of Kenya acquired 60 percent shareholding in NGB in an effort to bring banking closer to the majority of Kenyans. In 1970, the government acquired 100 percent of the shareholding in NGB to take full control of the largest commercial bank in Kenya. NGB was then renamed Kenya Commercial Bank (KCB). In 1972, KCB acquired Savings & Loan Kenya Limited, which specialized in mortgage finance. In 1988, the first 20 percent of the government's shares in the company were sold through an Initial public offering
Initial public offering
on the Nairobi Securities Exchange. The government has over the years reduced its shareholding to 23.6 percent. In the rights issue of 2010, the government further reduced its shareholding to 17.31 percent. KCB Tanzania
Tanzania
Limited was incorporated in Dar es Salaam
Dar es Salaam
in 1997. Since then, KCB has opened 11 more branches in Tanzania. In May 2006, KCB extended its operations to South Sudan
South Sudan
following licensing of KCB Sudan. This subsidiary now has over 20 branches in that country. In November 2007, KCB Bank Uganda Limited
KCB Bank Uganda Limited
was opened. KCB currently has 14 branches in Uganda. In December 2008, KCB Rwanda
Rwanda
began operations with one branch at Kigali. There are currently 11 branches spread out in the country. In 2012, KCB registered a subsidiary in Burundi, KCB Burundi, becoming the first bank in the region to be presented in all the African Great Lakes
African Great Lakes
countries. Before 2015, KCB was both a licensed bank and a holding company for its subsidiaries. In compliance with the Kenya
Kenya
Finance Act No. 57 of 2012, KCB Group announced in April 2015 its intention to incorporate a new, wholly owned subsidiary, KCB Bank Kenya
Kenya
Limited, to which it would transfer its Kenyan banking business, assets, and liabilities. The re-organisation converted KCB Group into a non-trading holding company that owns both banking and non-banking subsidiary companies.[3] Ownership[edit] The shares of KCB Group are listed on the Nairobi
Nairobi
Securities Exchange under the symbol KCB. The Group's stock is cross listed on the Dar es Salaam Stock Exchange, the Rwanda
Rwanda
Stock Exchange, and the Uganda Securities Exchange.[4] As of 31 January 2015, the major shareholders in the KCB Group were as follows:[3]

KCB Group Limited Stock Ownership

Rank Name of Owner Percentage Ownership

1 Government of Kenya 17.31

2 National Social Security Fund (Kenya) 7.52

3 Standard Chartered Kenya
Kenya
Nominees Ltd., A/C 18965 2.16

4 Standard Chartered Nominees Ltd., Non-Resd. A/C 9038 1.75

5 Standard Chartered Nominees Ltd., Non-Resd. A/C 9069 1.65

6 Kanaksinh Karsandas Babla and Sandip Kana Singh Babla 1.55

7 Standard Chartered Nominees Ltd., A/C 9688 1.51

8 Standard Chartered Kenya
Kenya
Nominees Ltd., A/C 20531 1.50

9 Standard Chartered Kenya
Kenya
Nominees Ltd., A/C 18972 1.43

10 Standard Chartered Nominees No-Resd. A/C 9867 1.22

Governance[edit] The chairman of the bank's board of directors is Ngeny Biwott, and Joshua Oigara is both the managing director and the chief executive officer of the bank.[5] Member companies[edit]

KCB Bank Kenya
Kenya
Limited - Nairobi, Kenya
Kenya
KCB Bank Rwanda Limited - Kigali, Rwanda
Rwanda
KCB Bank South Sudan Limited - Juba, South Sudan
South Sudan
KCB Bank Tanzania Limited - Dar es Salaam, Tanzania
Tanzania
KCB Bank Uganda Limited
KCB Bank Uganda Limited
- Kampala, Uganda
Uganda
KCB Bank Burundi Limited
KCB Bank Burundi Limited
- Bujumbura, Burundi
Burundi
KCB Foundation Limited - Nairobi, Kenya
Kenya
KCB Sports Sponsorship Limited - Nairobi, Kenya
Kenya
Savings & Loan Kenya
Kenya
Limited - Nairobi, Kenya
Kenya

Branches of subsidiaries[edit]

KCB Subsidiary No. of Branches

KCB Bank Burundi 2

KCB Bank Kenya 175

KCB Bank Rwanda 11

KCB Bank South Sudan 20

KCB Bank Tanzania 11

KCB Bank Uganda 14

Kenya
Kenya
Commercial Bank Plaza[edit] Main article: Kenya
Kenya
Commercial Bank Plaza In December 2010, construction of a new headquarters building began in the Upper Hill section of Nairobi. Construction is expected to take approximately two years, with anticipated occupancy beginning in January 2013. The new Kenya
Kenya
Commercial Bank Plaza (KCB Plaza) be 21 storeys tall, having about 15,960 square metres (171,800 sq ft) of rentable office space and enough parking for about 450 cars. The owners of the building are the Kenya Commercial Bank Employee Pension Fund, which is funding the KES:2.1 billion construction.[6] See also[edit]

Kenya
Kenya
Commercial Bank S.C.

References[edit]

^ a b Managing Editor (22 December 2015). " Kenya
Kenya
Commercial Bank Group Analysis". Nairobi: Kenyanwallstreet.com. Retrieved 20 April 2016. CS1 maint: Extra text: authors list (link) ^ Njini, Felix; Ombok, Eric (30 July 2015). " Kenya
Kenya
Commercial Bank to Raise Money for Expansion, Projects". Bloomberg. Retrieved 21 April 2016.  ^ a b KCBGL (22 April 2015). "Ratification of Incorporation of Wholly Owned Subsidiary And Proposal For The Transfer of Banking Business, Assets And Liabilities To That Subsidiary" (PDF). Nairobi: KCB Group Limited (KCBGL). Retrieved 20 April 2016.  ^ Afandi, Christine (2008-06-16). "Tanzania: KCB is Now Listed At the Dar Bourse". The East African (Nairobi). Retrieved 2017-08-23.  ^ Waithaka, James (9 March 2015). "Kenya: KCB Directors Raise Own Pay By Sh100 Million". The Star (Kenya) via AllAfrica.com. Nairobi.  ^ "KCB staff fund to put up Sh2.1bn office block". Daily Nation. Retrieved 2017-08-22. 

External links[edit]

KCB Group Website Nairobi
Nairobi
Stock Exchange Website December 2010 Financial Data

v t e

Kenya
Kenya
Commercial Bank Group

Banking

KCB Burundi KCB Kenya KCB Rwanda KCB South Sudan KCB Tanzania KCB Uganda

Buildings

Kenya
Kenya
Commercial Bank Plaza KENCOM House

Related topics

Automated Teller Machine (ATM) ATM usage fees De-Materialisation (DEMAT) Foreign Exchange (FOREX) Financial Services Real Time Gross Settlement (RTGS) National Electronic Fund Transfer (NEFT) Structured Financial Messaging System (SFMS)

v t e

Banks of Kenya

Central bank

Central Bank of Kenya

Commercial bank

African Banking Corporation Bank of Africa Barclays Bank Bank of Baroda Bank of India Chase Bank Citibank
Citibank
NA Kenya Commercial Bank of Africa Consolidated Bank of Kenya Cooperative Bank of Kenya Credit Bank Development Bank of Kenya Diamond Trust Bank East African Development Bank Ecobank Kenya Equity Bank 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 Limited Jamii Bora Bank Kenya
Kenya
Commercial Bank Mayfair Bank Middle East Bank Kenya M-Oriental Bank National Bank of Kenya NIC Bank Paramount Universal Bank Post Bank Prime bank SBM Kenya Sidian Bank Spire Bank Stanbic Bank Standard Chartered Kenya Trans National Bank Kenya United Bank for Africa Victoria Commercial Bank

Financial services organization

Commercial Bank of Africa
Commercial Bank of Africa
Group Diamond Trust Bank Group Equity Group Holdings Limited HF Group I&M Holdings KCB Group NIC Group

Foreign banks

Bank of China Bank of Kigali HDFC Bank Nedbank The Hongkong and Shanghai Banking Corporation First Rand

Defunct banks

Dubai Bank Kenya Euro Bank Dubai Bank Kenya Giro Commercial Bank Habib Bank Imperial Bank Limited

Microfinance Institutions

Faulu Microfinance Bank Limited SMEP Microfinance Bank Kenya
Kenya
Women Microfinance Bank

SACCOs

Imarisha SACCO Mwalimu SACCO UN SACCO Unaitas SACCO

Related Topics

Automated Teller Machine (ATM) ATM usage fees De-Materialisation (DEMAT) Foreign Exchange (FOREX) Financial Services Real Time Gross Settlement (RTGS) National Electronic Fund Transfer (NEFT) Structured Financial Messa

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