Middle East Bank Kenya

Middle East Bank Kenya
Middle East Bank Kenya
Industry Financial services
Founded 1981
Headquarters Mebank Tower, Milimani Street
Nairobi, Kenya
Key people A.A.K. Esmail, Chairman
Philip Ilako, Managing Director
Total assets US$43 million (Q1:2010)
Website Homepage

Middle East Bank Kenya (MEBK),[1] whose full name is Middle East Bank Kenya Limited, is a commercial bank in Kenya. It is one of the forty-four (44) banks licensed by the Central Bank of Kenya.[2]

Contents

Overview

The bank is a small but growing retail bank, that focuses on meeting the needs of large corporations and high net-worth individuals. As of December 2009, the bank was ranked number thirty-nine (39), by assets, out of a total of forty-four (44) commercial banks in Kenya.[3] In March 2010, the total asset valuation of the bank was about US$43 million (KES:3.6 billion), with shareholders' equity of approximately US$11 million (KES:0.93 billion).[4]

History

Middle East Bank Kenya started operations in Kenya in August 1981, after receiving a banking licence from the Central Bank of Kenya, the national banking regulator. The initial shareholders in the bank were the Al-Futtaim Group, affiliated with the Middle East Bank Group of United Arab Emirates. In 1991, the Al-Futtaim Group divested from the bank, leaving shareholding in Kenyan hands. In 1995, Banque Belgolaise SA, a Belgian financial institution acquired 25% shareholding in Middle East Bank Kenya, becoming the single largest shareholder. As a result of multiple bank mergers and acquisitions, that 25% shareholding subsequently came to be owned by BNP Paribas Fortis. 75% shareholding remains in private Kenyan hands.[5]

Ownership

The shares of stock of Meddle East Bank Kenya are privately held. The largest single shareholder, with 25% shareholding, is BNP Paribas Fortis, a Belgian financial services provider that is a subsidiary of BNP Paribas, a French banking conglomerate that is the largest banking group in the world. Shareholding in Meddle East Bank is depicted in the table below:

Middle East Bank Kenya Stock Ownership
Rank Name of Owner Percentage Ownership
1 BNP Paribas Fortis of Belgium 25.00
2 Institutional and Individual Kenyan Investors 75.00
Total 100.00

Branch network

As of November 2010, the bank maintains its headquarters in Nairobi, Kenya's capital and largest city. It has two branches; one in Nairobi and another in Mombasa, Kenya's second-largest city. [6]

  • Main Branch - Mebank Tower, Milimani Road, Nairobi
  • Mombasa Branch - Nyerere Avenue, Mombasa

External links

See also

References


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Middle East Airlines — – Air Liban طيران الشرق الأوسط ـ الخطوط الجوية اللبنانية IATA ME ICAO MEA Callsign …   Wikipedia

  • Middle East Airlines AirLiban — Middle East Airlines AITA ME OACI MEA Indicatif d appel Cedar Jet Repères historiques Date de création 1945 …   Wikipédia en Français

  • Middle East Airlines — Pour les articles homonymes, voir MEA. Middle East Airlines Air Liban طيران الشرق الأوسط ـ الخطوط الجوية اللبنانية …   Wikipédia en Français

  • Christianity in the Middle East — Middle Eastern Christians Total population 10–12 million (2011)[1] Regions with significant populations …   Wikipedia

  • Economy of the Middle East — Satellite image of the Middle East Middle …   Wikipedia

  • Chase Bank (Kenya) — Type Private Industry Financial Services Founded 1996 Headquarters Nairobi, Kenya Key people Osman Murgian Chairman …   Wikipedia

  • Bank Indonesia — Bank Indonesia …   Wikipedia

  • Kenya — Kenyan, adj., n. /ken yeuh, keen /, n. 1. a republic in E Africa: member of the Commonwealth of Nations; formerly a British crown colony and protectorate. 28,803,085; 223,478 sq. mi. (578,808 sq. km). Cap.: Nairobi. 2. Mount, an extinct volcano… …   Universalium

  • Kenya — Infobox Country native name = Jamhuri ya Kenya conventional long name = Republic of Kenya common name = Kenya national motto = Harambee nbsp|2( national anthem = Ee Mungu Nguvu Yetu O God of All Creation official languages = Swahili, English… …   Wikipedia

  • Kenya — <p></p> <p></p> Introduction ::Kenya <p></p> Background: <p></p> Founding president and liberation struggle icon Jomo KENYATTA led Kenya from independence in 1963 until his death in 1978, when… …   The World Factbook

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”