Dubai Bank Kenya

Dubai Bank Kenya
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 increase 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.

Contents

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, 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, 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

See also

References


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