Credit Bank Limited (CBL), commonly known as Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the Central Bank and the National Banking Supervisory Authority.

Overview

The bank is a medium-sized commercial bank in Kenya, the largest economy in East Africa. Prior to 2010, the bank focused on large corporations and high-end merchants. In September 2010, Credit Bank changed its strategy and transformed into a retail bank, serving all segments of society and their businesses. As of December 2018, the bank's total assets were valued at approximately US $178.28 million (17.805 billion Kenyan shillings), of which the shareholders' equity was valued at US $28.67 million (2.86 billion Kenyan shillings).

History

The bank was established in 1986 as a non-bank Financial Institution Group (NBFI); Credit Kenya Limited. In 1995, the institution was granted a commercial banking license and renamed Credit Bank Limited.

Ownership

As of January 2016, Credit Bank's shares were privately held by corporate and individual investors. In January 2016, Fountain Enterprises Programme Group (FEP) announced plans to acquire a 75% controlling stake in Credit Bank for 4 billion Kenyan shillings (approximately $40 million), pending approval from the Central Bank of Kenya. As of June 2019, the major shareholders of the bank's shares are listed in the following table:

Row Owner Name Ownership Percentage 1 Sansora Group of Nyachae 14.96 2 Sanama Investment 14.34 2 Kaitan Morjaria 9.88 3 Jay Caria 8.61 4 Fountain Enterprise Planning Group (FEP) 5.00 5 Others 47.21 Total 100.00

Branch

The bank has networked branches at the following locations:

1. Main Store - Mercantile House, Koinange Street, Nairobi
2. Westlands Branch - Empress Plaza, Ring Road, Westlands , Nairobi
3. Industrial Area Branch - 53 Butere Road, Industrial Area, Nairobi
4. Lavington Branch - Lavington Mall, James Gichuru Road, Lavington , Nairobi
5. Kisumu Branch - Swan Centre, Oginga Odinga Road, Kisumu
6. Kitengela Branch - 2nd Floor, Safari House, Namanga Road, Kitengela
7. Nakuru Branch I - Giddo Plaza, Eldoret-Nakuru Highway, Nakuru
8. Kisii Branch - Hospital Road, Kisii
9. Mombasa Nkrumah Branch - Taiyebi House, Nkrumah Road, Mombasa
10. Eldoret Branch - Zion Mall, Uganda Road, Eldoret
11. Ongata Rongai Branch - Maasai Mall, Magadi Road, Ongata Rongai
12. Machakos Branch - Malu-Malu Road, Machakos
13. Thika Branch - Second Floor, Biashara Plaza, Mama Ngina Street, Thika
14. Nyali Branch - Nyali Centre, Link Road, Nyali
15. One Africa Branch - 2nd Floor, One Africa Place, Waiyaki Way, Westlands , Nairobi
16. New Nairobi Branch - Nairobi
17. Meru Branch - Meru
18. Eldoret Branch - Kerio Valley Development Authority Building, Oloo Street, Eldoret