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A branch manager is an executive who oversees a division or office of a large business or organization, operating locally or with a particular function.Their responsibility is to ensure that payments to employees are correct, their vacation pay arrives on time and they receive proper care if they are injured while working.
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In 1970, the Government took full control of the bank and renamed it to Kenya Commercial Bank Group. [6] KCB Bank Kenya, as it is now known, was incorporated in 2015 as a result of the corporate restructure of Kenya Commercial Bank Group (KCB Group). Prior to 2015, KCB Group was both a licensed bank and a holding company for its subsidiaries. [6]
The bank was founded, as a Charitable Trust, by fifty destitute families on the streets of Nairobi, Kenya's capital and largest city.In March 2010, it merged with another financial institution with a banking license and transformed into a fully fledged commercial bank.
The following year, I&M Bank acquired Biashara Bank of Kenya Limited, expanding I&M's branch network, client base and assets under management. In 2007 DEG and PROPARCO, two International development financial institutions, invested approximately US$4.5 million to acquire 11.96 percent shareholding in I&M Bank. That shareholding was later ...
The bank is licensed as a commercial bank by the Central Bank of Kenya, which is the national banking regulator of Kenya. [4] In 2010 the bank introduced the Agency banking model, [5] which has proved a success [6] [clarification needed] and is regulated by Central Bank of Kenya Prudential guidelines. [7]
On 27 September 2019, the Central Bank of Kenya approved the merger and name changes, effective 1 October 2019. The merged non-banking holding company became NCBA Group Plc and the Kenyan subsidiary of the merged entity became NCBA Bank Kenya Plc. The names of the merged entity in Tanzania, Rwanda, Uganda and Ivory Coast will re-brand accordingly.
United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and national banking regulator. [3] The bank is a small-sized commercial bank in Kenya, the largest economy in the East African Community.