KCB Kenya Bank Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the Central Bank of Kenya, the national banking regulator. The bank has also been running a correspondent banking business model.

Overview

As of December 2015, KCB Kenya Bank is the largest commercial bank in Kenya with assets exceeding $3.681 billion (366 billion Kenya Shillings) and customer deposits exceeding $2.776 billion (276 billion Kenya Shillings). In August 2021, the bank's customer deposits grew to $5.47 billion (601.70 billion Kenya Shillings) and the asset base value was $7.09 billion (7.09 billion Kenya Shillings). During this period, it had 201 branches, 397 ATMs and registered 15,273 agents and merchant outlets across Kenya.

History

KCB Kenya Bank's history dates back to July 1896 when its parent company, KCB Group, was established as a Mombasa branch of State Bank of India. In 1958, Grindlays Bank merged with State Bank of India to form National & Grindlays Bank. After independence, the Kenyan government acquired a 60% stake in National & Grindlays Bank. In 1970, the government took full control of the bank and renamed it Kenya Commercial Banking Group.

KCB Bank Kenya, now known as the Corporate Restructuring of Kenya Commercial Banking Group (KCB Group), was established in 2015. Prior to 2015, KCB Group was both a licensed bank and a holding company for its subsidiaries. This was in compliance with Kenya Finance Act No. 57 of 2012. KCB Group Limited announced in April 2015 its intention to establish a new wholly owned subsidiary, KCB Bank Kenya Limited, and transfer its banking operations, assets and liabilities in Kenya to the company. Following the restructuring, KCB Group PLC was transformed into a non-trading holding company with both bank and non-bank subsidiaries

In 2016, KCB Group PLC was registered as a non-operating holding company with responsibility for the management and supervision of all KCB regional units in Kenya, Tanzania, South Sudan, Uganda, Rwanda, Burundi and Ethiopia. In 2019, KCB Group PLC acquired the National Bank of Kenya.

Ownership

KCB Kenya Bank Limited is a 100% subsidiary of KCB Group. The shares of KCB Group are listed on the Nairobi Stock Exchange (NSE) under the symbol (KCB). The group's shares are also cross-listed on the Uganda Stock Exchange (USE), the Rwanda Stock Exchange (RSE) and the Dar es Salaam Stock Exchange (DSE).

KCB Group Plc

Main entry: KCB Group Limited

KCB Kenya Bank Limited is a member of the KCB group company. KCB group companies include:

• KCB Bank Kenya Limited - Nairobi, Kenya
• National Bank of Kenya - Nairobi, Kenya
• KCB Bank Burundi Limited - Bujumbura, Burundi
• KCB Bank Rwanda Limited - Kigali, Rwanda
• KCB Bank South Sudan Limited - Juba, South Sudan
• KCB Bank Tanzania Limited - Dar es Salaam, Tanzania
• KCB Bank Uganda Limited - Kampala, Uganda
• Trust Merchant Bank - Lubumbashi, Democratic Republic of the Congo
• KCB Foundation Limited, Nairobi, Kenya
• KCB Capital Limited, Nairobi, Kenya
• KCB Insurance Agency Limited, Nairobi, Kenya
• KCB Sports Sponsorship Limited - Nairobi, Kenya

Branch Network

As of August 2021, KCB Group had a total of 354 branches, 1,103 ATMs and 15,273 banking agents and merchant outlets across all its subsidiaries. It has the largest number of private label ATMs in Kenya. At the time, the group had 26.80 million customers, the largest in the region.

Officers and Management

The Chairperson of the Board of Directors of the KCB Group is Dr. Joseph Kinyua of FCS, and the CEO and Managing Director of the Group is Paul Russo