African Banking Corporation Limited (ABC Bank Kenya) is a Kenyan
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 ...
, established in 1984.
In March 2017, ABC acquired the LEI certification from the London Stock Exchange.
History
ABC Bank was started in 1981, as a financial institution named Consolidated Finance Company Limited.
By 1994, following the gazettement of a legislation allowing financial institutions to convert into banks, Consolidated Finance Company immediately transformed, giving rise to African Banking Corporation Limited (ABC Bank) in 1995.
Subsidiaries
ABC Bank (Kenya) owns the following subsidiaries, either in whole or in part:
#
ABC Capital Bank,
Kampala
Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...
,
Uganda
Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...
(Tier II credit institution)
# ABC Capital Limited,
Nairobi
Nairobi is the Capital city, capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai language, Maasai phrase , which translates to 'place of cool waters', a ...
,
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. ...
(stock brokerage)
# ABC Insurance Limited, Nairobi, Kenya (insurance brokerage)
See also
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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 ...
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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 ...
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List of banks in Kenya
This is a list of commercial banks and other licensed credit institutions in Kenya, as updated mid-2023 by the Central Bank of Kenya.
List of commercial banks
* Absa Bank Kenya, Absa Bank Kenya PLC, part of Absa Group
* Access Bank Kenya, Access ...
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Economy of Kenya
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African Community, East African peers. Currently a lower middle income nation, Kenya plan ...
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ABC Bank (Uganda)
References
{{DEFAULTSORT:Abc Bank (Kenya)
Banks of Kenya
Banks established in 1984
1984 establishments in Kenya