Dubai Bank Kenya

"Dubai Bank Kenya" redirects here. For Dubai Bank, see Dubai Bank.

Dubai Bank Kenya

Type	Private
Industry	Financial Services
Founded	1982
Headquarters	Nairobi, Kenya
Key people	Hassan Zubeidi, Chairman Mayank Sharma, Managing Director
Products	Checking, Savings, Investments, Debit Cards
Revenue	Aftertax: US$38,400+ (2008)
Total assets	US$20 million (2008)
Website	Homepage

Dubai Bank Kenya (DBK), whose complete name is Dubai Bank Kenya Limited, but is often referred to as Dubai Bank, is a commercial bank in Kenya. It is one of the forty-four (44) commercial banks licensed by the Central Bank of Kenya, the national banking regulator.^[1] The bank is not affiliated with Dubai Bank of United Arab Emirates or with that bank's parent company, Dubai Banking Group.

History

The bank was established in 1982, originally as a branch of Bank of Oman. The assets and liabilities of the bank were subsequently acquired by Mashreq Bank Plc. In 2000, those assets and liabilities were acquired by the present shareholders, who rebranded the institution to Dubai Bank Kenya Limited.^[2]

Overview

DBK is a small bank in Kenya, East Africa's largest economy. In December 2008, the bank's total assets were valued at about US$20 million (KES:1.64 billion), with shareholders' equity of approximately US$5 million (KES:411 million).^[3] As of December 2009^[update], the bank was ranked number forty-two (42), by assets, out of forty-four (44) licensed commercial banks in Kenya.^[4]

Ownership

As of December 2010^[update], Dubai 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: ^[5]

1. Main Branch - I.C.E.A Building, Kenyatta Avenue, Nairobi
2. Eastleigh Branch - Baraka Plaza, Sixth Street, Eastleigh, Nairobi
3. Mombasa Branch - Taiyebi House, Nkrumah Road, Mombasa
4. Nakuru Branch - Vickers House, Kenyatta Avenue, Nakuru

Governance

The bank is governed by a six-person Board of Directors. Hassan Zubeidi, one of the non-Executive Directors is the Chairman of the Board. The Managing Director is Mayank Sharma.^[6]

External links

• Website of Dubai Bank Kenya
• Website of Central Bank of Kenya

See also

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

References

1. ^ List of Licensed Commercial Banks in Kenya
2. ^ Banks and Financial Institutions - Dubai Bank Kenya Limited
3. ^ December 2008 Audited Financial Statement
4. ^ December 2009 Rankings Of Kenyan Commercial Banks By Assets
5. ^ Branches of Dubai Bank Kenya
6. ^ Board of Directors of Dubai Bank Kenya