Credit Bank - Creditbank

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 small-sized commercial bank in Kenya, East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale businesspeople. In September 2010, Credit Bank changed strategy and transformed into a retail bank, serving all segments of society and their businesses. As of December 2013, Credit Bank's total assets were valued at approximately US$84.535 million (KES:7.309 billion), with shareholders' equity estimated at US$14.3 million (KES:1.238 billion). At that time, the bank was ranked number 38, by assets, out of the 43 licensed commercial banks in Kenya.

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

The shares of stock of Credit Bank are privately owned. The detailed shareholding in the bank is not widely publicly known.

Branches

The bank maintains networked branches at the following locations:

1. Main Branch - Mercantile House, Koinange Street, Nairobi
2. Westland Branch - Empress Plaza, Ring Road, Westlands, Nairobi
3. Industrial Area Branch - 53 Butere Road, Industrial Area, Nairobi
4. Lavington Branch - Lavington Mall, James Gichuru Road, Lavington, Nairobi
5. Kisumu Branch - Swan Centre, Oginga Odinga Road, Kisumu
6. Nakuru Branch I - Giddo Plaza, Eldoret-Nakuru Highway, Nakuru
7. Nakuru Branch II - Polo Centre, Kenyatta Avenue, Nakuru
8. Kisii Branch - Hospital Road, Kisii
9. Eldoret Branch - Zion Mall, Uganda Road, Eldoret
10. Ongata Rongai Branch - Maasai Mall, Magadi Road, Ongata Rongai
11. Machakos Branch - Mbolu-Malu Road, Machakos
12. Thika Branch - Second Floor, Biashara Plaza, Maama Ngina Street, Thika
13. Nyali Branch - Nyali Centre, Link Road, Nyali

See also

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

References

Array

External links

• Website of Central Bank of Kenya
• Website of Credit Bank Limited
• Kenya Eases Pain of Loan Defaulters, Alters Credit Bureau Rules

Interesting Informations

Looking products related to this topic, find out at Amazon.com

Source of the article : here