- Credit Bank
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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
- List of banks in Kenya
- Central Bank of Kenya
- Economy of Kenya
External links
- Website of Central Bank of Kenya
- Rankings of Kenyan Commercial Banks By Assets 2009
- Profile At Goliath.com
References
Categories:- Banks of Kenya
- Companies of Kenya
- Economy of Kenya
- Banks established in 1986
- 1986 establishments in Kenya
- Nairobi
- Bank stubs
- African bank stubs
- Kenya stubs
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