Kenya Commercial Bank Group

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

Overview

KCB Group is the oldest financial services firm in East Africa. As of December 2012, the Group was ranked as the largest financial services organization in the African Great Lakes, with an estimated asset valuation of about US$4.36 billion (KES:367.4 billion), and shareholders' estimated at US$632.8 million (KES:53.34 billion). By September 2013, the Group's total assets had increased to US$4.57 billion (KES:385.2 billion).

KCB Group has the widest network of banking outlets in Eastern Africa, comprising over 222 branches and over 400 automated teller machines in Kenya, Burundi, Rwanda, South Sudan, Tanzania and Uganda. In March 2011, media reports indicated that the group was pursuing expansion plans into the Democratic Republic of the Congo, Ethiopia and Zambia.

Kenya Commercial Bank

Kenya Commercial Bank (KCB Bank Kenya) is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the central bank and national banking regulator.

Overview

KCB Bank Kenya was among the three largest commercial banks in Kenya with assets of more than US$2.65 billion (KES:223 billion). The other two large Kenyan commercial banks are Barclays Bank Kenya and Standard Chartered Bank Kenya.

As of December 2010, KCB Group, the parent company of KCB Kenya, had the largest branch network in Kenya (168 branches) of all 44 licensed commercial banks in the country.

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 in Mombasa. In 1958, Grindlays Bank merged with the National Bank of India to form the National and Grindlays Bank. Upon independence, the Government of Kenya acquired 60% shareholding in National & Grindlays Bank in an effort to bring banking closer to the majority of Kenyans. In 1970, the Government took full control of the Bank and renamed it to Kenya Commercial Bank Group.

KCB Tanzania

KCB 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 (KCB Group), headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Southern Sudan, Tanzania and Uganda.

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Kenya Commercial Bank (Uganda)

Kenya Commercial Bank (Uganda) (KCB Uganda), is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator.

Overwiew

The bank focuses on meeting the banking needs of individuals and corporate entities. As of December 2012 KCB Uganda had an asset base valued at about US$131 million (UGX:335.5 billion). That accounted for approximately 2.1% of total banking assets in the country at that time.

As of December 2011, shareholders' funds were valued at about US$21.5 million (KES:1.77 billion). At that time, the bank's customer base exceeded 59,140 and customer deposits exceeded US$88 million (UGX:217.3 billion), accounting for about 3% of bank deposits in Uganda.

Kenya Commercial Bank Group

Kenya Commercial Bank (Uganda) is a member of the KCB Group of companies. These include: 1. KCB Kenya, Nairobi 2. KCB Rwanda, Kigali 3. KCB South Sudan - Juba 4. KCB Tanzania, Dar es Salaam 5. KCB Uganda, Kampala 6. KCB Foundation Limited, Nairobi 7. KCB Sports Sponsorship Limited, Nairobi 8. Savings & Loan Kenya Limited, Nairobi and 9. KCB Burundi, Bujumbura.

Commercial Bank Group

Commercial Bank Group, is a financial services organization in Central Africa. The Group's headquarters are located in Douala, Cameroon, with subsidiaries in Cameroon, Chad, Central African Republic, Equatorial Guinea and São Tomé and Príncipe.

Overview

Commercial Bank Group is a large financial services conglomerate in Central Africa, with subsidiaries in five countries. The member institutions serve both individuals and businesses, with emphasis on small-to-medium enterprises (SMEs).

Member companies

The companies that compose the Commercial Bank Group include, but are not limited to the following:

Commercial Bank of Cameroon (CBC) - Cameroon

Commercial Bank Chad (CBT) - Chad

Commercial Bank Centrafrique (CBCA) - Central African Republic

Commercial Bank Equatorial Guinea (CBGE) - Equatorial Guinea

Commercial Bank São Tomé and Príncipe (CBSTP) - São Tomé and Príncipe

SFA Financial Products - Cameroon - Commercial Bank Group has 51.4% shareholding.

Ownership

The member companies of the group are all privately owned. In 2005, Commercial Bank Group created a bank holding company, named Capital Financial Holdings S.A. (CFH), which is the controlling entity in each of the subsidiary companies. CFH is headquartered in Luxembourg, but maintains a subsidiary in Yaoundé, Cameroon.

Kenya

Coordinates: 1°N 38°E / 1°N 38°E / 1; 38

Kenya (/ˈkɛnjə/; locally [ˈkɛɲa]), officially the Republic of Kenya, is a country in Africa and a founding member of the East African Community (EAC). Its capital and largest city is Nairobi. Kenya's territory lies on the equator and overlies the East African Rift covering a diverse and expansive terrain that extends roughly from Lake Victoria to Lake Turkana (formerly called Lake Rudolf) and further south-east to the Indian Ocean. It is bordered by Tanzania to the south, Uganda to the west, South Sudan to the north-west, Ethiopia to the north and Somalia to the north-east. Kenya covers 581,309 km² (224,445 sq mi), and had a population of approximately 45 million people in July 2014.

Kenya has a warm and humid tropical climate on its Indian Ocean coastline. The climate is cooler in the savannah grasslands around the capital city, Nairobi, and especially closer to Mount Kenya, which has snow permanently on its peaks. Further inland, in the Nyanza region, there is a hot and dry climate which becomes humid around Lake Victoria, the largest tropical fresh-water lake in the world. This gives way to temperate and forested hilly areas in the neighboring western region. The north-eastern regions along the border with Somalia and Ethiopia are arid and semi-arid areas with near-desert landscapes. Kenya is known for its safaris, diverse climate and geography, and expansive wildlife reserves and national parks such as the East and West Tsavo National Park, the Maasai Mara, Lake Nakuru National Park, and Aberdares National Park. Kenya has several world heritage sites such as Lamu and numerous beaches, including in Diani, Bamburi and Kilifi, where international yachting competitions are held every year.

Kenya (Commonwealth realm)

The Commonwealth realm of Kenya, officially known as "Kenya", was a predecessor to the modern-day Republic of Kenya. It existed between 12 December 1963 and 12 December 1964.

When British rule ended in 1963, the Kenya Colony was given independence as a Commonwealth realm in which form the state existed until the proclamation of the Republic of Kenya came into existence on 12 December 1964. During this time, the British monarch (Elizabeth II) remained head of state. Kenya shared the Sovereign with the other Commonwealth realms. The monarch's constitutional roles were mostly delegated to the Governor-General of Kenya:

The royal succession was governed by the English Act of Settlement of 1701.

Jomo Kenyatta held office as prime minister (and head of government). Despite being head of state of Kenya throughout this period; Queen Elizabeth II never visited Kenya in her capacity as 'Queen of Kenya', though she did visit: