Credit Bank

Credit Bank
Credit Bank
Type Private
Industry Financial Services
Founded 1986
Headquarters Nairobi, Kenya
Key people Nok Bwonditi, Chief Executive Officer
Products Loans, Checking, Savings, Investments, Debit Cards
Total assets US$60 million (2010)[1]

Credit Bank is a commercial bank in Kenya. It is one of the forty-four (44) licensed commercial banks in the country.[2] Credit Bank was established in 1986.

Contents

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. Its core capital as of September 2010 stood at approximately US$9 million (KES:750 million)[3] In November 2010, the total asset base of the bank was approximately US$60 million (KES:5 billion). The bank is in the process of raising shareholders capital to US$18 million (KES:1.5 billion), by 2012.[4]

See also

External links

References


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