Credit Bank Limited (CBL), commonly referred to as Credit Bank, is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. ...

, the largest economy in the

East African Community The East African Community (EAC) is an intergovernmental organisation in East Africa. The EAC's membership consists of eight states: Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, S ...

. It is licensed by the

Central Bank of Kenya The Central Bank of Kenya (CBK) () is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor a ...

, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator.

Overview

The bank is a medium-sized commercial bank in

, East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale business-people. In September 2010, Credit Bank changed strategy and transformed into a

retail bank Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...

, serving all segments of society and their businesses. , the bank's total assets were valued at approximately US$178.28 million (KES:17.805 billion), with shareholders' equity valued at US$28.67 million (KES:2.86 billion).

History

The bank was founded in 1986 as the

non-bank financial institution A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that is not legally a bank; it does not have a full banking license or is not supervised by a national or international banking regulator ...

(NBFI) Credit Kenya Limited. In 1995, the institution was awarded a commercial banking license and it rebranded to Credit Bank Limited.

Ownership

As at January 2016, the shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of Credit Bank are privately owned by corporate and individual investors. In January 2016, Fountain Enterprises Programme Group (FEP) announced plans to acquire a controlling 75 per cent stake in Credit Bank for KSh4 billion (approx. US$40 million), pending approval of the Central Bank of Kenya. As of June 2019, the major shareholders in the bank's stock were as depicted in the table below:

Branches

The bank maintains networked branches at the following locations: # Main Branch - Mercantile House, Koinange Street, Nairobi # Westland Branch - Empress Plaza, Ring Road, Westlands, Nairobi # Industrial Area Branch - 53 Butere Road, Industrial Area, Nairobi # Lavington Branch - Lavington Mall, James Gichuru Road, Lavington, Nairobi # Kisumu Branch - Swan Centre, Oginga Odinga Road,

Kisumu Kisumu ( ) is the third-largest city in Kenya located in the Lake Victoria area in the former Nyanza Province. It is the second-largest city after Kampala in the Lake Victoria Basin. The city has a population of slightly over 600,000. The ...

# Kitengela Branch - 2nd Floor, Safari House, Namanga Road,

Kitengela Kitengela is a municipality in the Kajiado County of Kenya, located 34 Kilometres south of the capital Nairobi, forming part of the greater Metropolitan Area. Kitengela began as The Kitengela group ranch, made up of 18,292 ha and 214 registere ...

# Nakuru Branch I - Giddo Plaza,

Eldoret Eldoret is a city in the Rift Valley region of Kenya. It serves as the capital of Uasin Gishu County. Located in western Kenya and lying south of the Cherangani Hills, the local elevation varies from about at the Eldoret International Air ...

Nakuru Nakuru (nicknamed Nax) is a city in the Rift Valley region of Kenya. It is the capital of Nakuru County, and it is the fourth largest city in Kenya and the largest in the Rift Valley region. As of 2019, Nakuru had an urban population of 570, ...

Highway,

# Kisii Branch - Hospital Road,

Kisii Kisii may refer to: * Kisii, Kenya, a municipality and the capital of Kisii County * Kisii County, one of the 47 counties of Kenya * Kisii District, a former district of Kenya * Gucha District, in Kenya, also known as ''South Kisii District'' * Nya ...

# Mombasa Nkrumah Branch - Taiyebi House, Nkrumah Road,

Mombasa Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of British East Africa, before Nairobi was elevated to capital status in 1907. It now serves as the capital of Mombasa County. The town is ...

# Eldoret Branch - Zion Mall, Uganda Road,

# Ongata Rongai Branch - Maasai Mall, Magadi Road,

Ongata Rongai Ongata Rongai (also known as Ronga in local slang) is a town located in Kajiado North, Kajiado County, Kenya. The town is situated south of the Nairobi CBD, East of the Ngong hills, and within the greater Nairobi Metropolitan Region. It li ...

# Machakos Branch - Mbolu-Malu Road,

Machakos Machakos, also called Masaku, is a town in Machakos County, Kenya. Serving as the capital of the county, its urban population was 63,767 as of 2019. History Machakos was established in 1887 by Sakshi Shah, ten years before Nairobi. Machakos ...

# Thika Branch - Second Floor, Biashara Plaza, Mama Ngina Street,

Thika Thika () is an industrial town and commerce hub in Kiambu County, Kenya, lying on the A2 road , northeast of Nairobi, near the confluence of the Thika and Chania Rivers. Although Thika town is administratively in Kiambu County, the greater ...

# Nyali Branch - Nyali Centre, Link Road,

Nyali Nyali is a residential area and Sub-County within Mombasa City, located on the mainland north of Mombasa County. It is connected to Mombasa Island by the New Nyali Bridge. Nyali is known for its many high-class hotels and residential houses, ...

# One Africa Branch - 2nd Floor, One Africa Place, Waiyaki Way, Westlands, Nairobi # New Nairobi Branch - Nairobi # Meru Branch -

Meru Meru may refer to: Geography Kenya * Meru, Kenya, town in Meru County in the republic of Kenya * Meru County, one of Kenya's 47 counties that was created by the 2009 merger of 3 districts: ** Meru Central District ** Meru North District ** Meru S ...

# Eldoret Branch - Kerio Valley Development Authority Building, Oloo Street,

References

External links