National Bank of Kenya

National Bank of Kenya

Type	Public: NSE: NABK
Industry	Financial Services
Founded	1968
Headquarters	Nairobi, Kenya
Key people	M.E.G.Muhindi Chairman Reuben Murambii Managing Director
Products	Loans, Savings, Checking, Investments, Debit Cards, Credit Cards
Revenue	Pretax:US$33.7+ million (KES:2.7 billion) (2010)
Total assets	US$750 million (KES:60 billion) (2010)
Website	Homepage

National Bank of Kenya (NBK) is a commercial bank in Kenya. It is one of the forty-four (44) banks licensed by the Central Bank of Kenya, the country's banking regulator.^[1]

Overview

NBK is a large financial services provider in Kenya, serving individuals, small-to-medium companies and businesses (SMEs) and large corporations. Headquartered in Nairobi, the bank owns one subsidiary company: NatBank Trustee and Investment Services Limited. As of December 2010^[update], National Bank of Kenya's asset base was valued at over US$750 million (KES:60 billion),^[2] with shareholder's equity in excess of US$110 million. The stock of National Bank of Kenya is listed on the Nairobi Stock Exchange, where it trades under the symbol:NABK.^[3]

History

The bank was established in 1968 as a 100% government-owned financial institution. In 1994, the Kenyan Government reduced its shareholding to 68% by selling 32% shareholding to the public. The government further divested from NBK over the years, until its present shareholding of 22.5%, as of October 2010.^[4]

Ownership

The stock of National Bank of Kenya is owned by the following corporate entities and individuals: ^[5]

National Bank of Kenya Stock Ownership

Rank Name of Owner Percentage Ownership 1 National Social Security Fund of Kenya 48.06 2 Government of Kenya 22.50 3 General Public 29.44 Total 100.00 Branches The branch network of National Bank of Kenya includes branches at the following locations: [6] Harambee Avenue Branch - Harambee Avenue, Nairobi Main Branch Credit Card Centre - City Square, Nairobi Times Tower Branch - Times Tower, Nairobi Hill Plaza Branch - Hill Plaza, Nairobi Kenyatta Hospital Branch - Kenyatta National Hospital, Nairobi Wilson Airport Branch - Wilson Airport, Nairobi Kenyatta Airport Branch - Jomo Kenyatta International Airport, Nairobi Kenyatta Avenue Branch - Kenyatta Avenue, Nairobi Inland Container Branch - Inland Container Depot, Nairobi Ongata Rongai Branch - Ongata Rongai, Nairobi Eastleigh Branch - Eastleigh, Nairobi Awendo Branch - Sare-Awendo Bungoma Branch - Bungoma Busia Branch - Busia, Kenya Eldoret Branch - Eldoret Moi University Branch - Moi University, Eldoret Embu Branch - Embu Kakamega Branch - Kakamega Kisii Branch - Kisii Kisumu Branch - Kisumu Kitale Branch - Kitale Kitui Branch - Kitui Mutomo Branch - Mutomo Meru Branch - Meru Kianjai Branch - Kianjai, Meru Molo Branch - Molo Mombasa Branch - Nkrumah Road, Mombasa Kapsabet Branch - Kapsabet Moi Airport Branch - Moi International Airport, Mombasa Kilindini Port Branch - Kilindini, Mombasa Ruiru Branch - Ruiru Portway House Branch - Portway House, Ruiru Kenyatta University Branch - Kenyatta University, Ruiru Nakuru Branch - Nakuru Nyeri Branch - Nyeri Limuru Branch - Limuru Karatina Branch - Karatina Narok Branch - Narok Kiambu Branch - Kiambu Migori Branch - Migori Nandi Hills Branch - Nandi Hills Westlands Branch - Westlands Ukunda Branch - Ukunda KRA Branch - Kenya Revenue Authority Headquarters, 1st Floor, Times Tower, Nairobi[7] External links Website of National Bank of Kenya Website of Central Bank of Kenya Profile at Google Finance See also List of banks in Kenya Central Bank of Kenya Economy of Kenya References ^ List of Licensed Commercial Banks In Kenya ^ December 2010 Financial Data ^ National Bank of Kenya Stock Trades On Nairobi Stock Exchange ^ History of National Bank of Kenya ^ Shareholders in Centenary Bank ^ Branches of National Bank of Kenya ^ NBK Reopens KRA Headquarters Branch

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