- Chase Bank (Kenya)
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Chase Bank (Kenya) Type Private Industry Financial Services Founded 1996 Headquarters Nairobi, Kenya Key people Osman Murgian
Chairman
Zafrullah Khan
Managing Director
Duncan Kabui
Chief Executive OfficerProducts Loans, Checking, Savings, Investments, Debit Cards Revenue 
Aftertax: US$2.7 million (2009)Total assets US$200 million (Q1:2010) Employees 300+ Website Homepage Chase Bank (Kenya) (CBK), is a commercial bank in Kenya. The bank serves the banking needs of individuals, small businesses and large corporations. It is one of the forty-four (44) licensed commercial banks in the country.[1]
Contents
Overview
Chase Bank (Kenya) is a medium-sized financial services provider in Kenya, with an estimated asset valuation of US$200 million, as of March 2010. At the time, shareholder's equity was valued at about US$16 million.[2] As of August 2010[update], Chase Bank (Kenya), was ranked 22nd in size by assets, out of 44 commercial banks operating in Kenya.[3] It is one of three Kenyan commercial banks which partner with Universal Payment Services (UPS), a software services company from the middle east, for processing of their credit card payments.[4]
History
In 1995, several businesspeople acquired a 60% state in United Bank (Kenya), after paying approximately US$1.23 million (Kenya Shillings 95 million). At that time the bank's headquarters were located in the western town of Kisumu, approximately 330 kilometres (210 mi), by road, northwest of Nairobi, Kenya's capital and largest city.[5] Then, United Bank (Kenya) was in receivership and was under statutory administration by the Central Bank of Kenya, the country's banking regulator. Its paid-up capital, then, was approximately US$970,000 and it had an asset base valued at approximately US$1.9 million.
In 1996, the bank opened for business under the new owners who rebranded to its present name. In 1997, a decision was made to relocate the bank's only branch at the time, from Kisumu to Nairobi. Over the years, Chase Bank (Kenya) has progressively improved its bottom line by growing its customer base and increasing its profitability.[6]
Ownership
As of October 2010[update], Chase Bank (Kenya) is a privately held company whose owners are not publicly known.
Branch Network
The bank maintains a network of branches at the following locations: [7]
- City Center Branch - Wabera Street, Nairobi - Manager: Serah Murimiri
- Village Market Branch - Village Market, Nairobi - Branch Manager: Zoreen Abdullah
- Hurlingham Branch - Argwings Kodhek Road, Nairobi - Branch Manager: Hana Kimemia
- Eastleigh Branch - 1st Avenue, Eastleigh, Nairobi - Branch Manager: Ibada Ahmed[8]
- Parklands Branch - 3rd Parklands Avenue, Nairobi - Branch Manager: Kartikey Darji
- Mombasa Branch - Moi Avenue, Mombasa - Branch Manager: Anthony Muchoki
- Riverside Mews Branch - Riverside Drive, Nairobi - Branch Manager: Beth Muthui Main Branch
- Thika Branch - Kenyatta Avenue, Thika - Branch Manager: Nancy Gichui
- Nakuru Branch - Kenyatta Avenue, Nakuru - Branch Manager: Boniface Mukuria
- Donholm Branch - East Gate Shopping Mall, Outer Ring Road, Nairobi
- Ngara Branch - Peace Plaza, Ngara Road, Nairobi
- Bondeni Branch - Abdel Nasser Road, Mombasa
- Kisumu Branch - West Emporium, Oginga Odinga Street, Kisumu
- Eldoret Branch - Eldoret West, Kisumu Road, Eldoret - Branch Manager: Sheila Wakhu
Governance
The bank is governed by a five-person Board of Directors. Osman Murgian, one of the non-Executive Directors is the Chairman of the Board.[9] Zafrullah Khan serves as the Managing Director. Duncan Kabui, serves as the Chief Executive Officer, a non-board position at this institution.
External links
See also
- List of banks in Kenya
- Central Bank of Kenya
- Economy of Kenya
References
- ^ List of Licensed Commercial Banks in Kenya
- ^ Unaudited Q1 2010 Financial Statement
- ^ Chase Bank (Kenya) Is 22nd Largest by Assets
- ^ Chase Bank (Kenya) Partners with Universal Payment Services
- ^ Road Distance Between Kisumu and Nairobi with Map
- ^ History of Chase Bank (Kenya)
- ^ Branches of Chase Bank (Kenya)
- ^ In December 2010, At Age 23 Ibada Ahmed Was Youngest Bank Branch Manager in Kenya
- ^ The Directors of Chase Bank (Kenya)
Categories:- Banks of Kenya
- Companies of Kenya
- Nairobi
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