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SBM Bank (Kenya) Limited (previously known as Fidelity Commercial Bank Limited), is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya , the country's central bank and national banking regulator.
Premier Bank Kenya Ltd; Prime Bank Ltd; SBM Bank Kenya Ltd, ... This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]
In November 2016, SBM Group announced that it has reached an agreement to acquire a majority stake in Kenya based Fidelity Commercial Bank Limited. [6] This process was conclude in May 2017 and the bank's name was changed to SBM Bank (Kenya) Limited .
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CIB Kenya was granted a banking licence by the CBK on 20 June 2017 [6] and began its operations on 1 August 2017. [7] [8]In December 2019, Commercial International Bank, based in Egypt began the process of seeking regulatory approval in Egypt and Kenya, to acquire a controlling interest in Mayfair Bank.
Standard Chartered Kenya is a large financial services provider in Kenya. As of December 2013 [update] , the bank's total assets were valued at about US$2.539 billion (KES:220.39 billion), with shareholders' equity of about US$417.1 million (KES:36.2 billion). [ 6 ]
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 ...
It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. [2] The bank is a small retail bank, that focuses on meeting the needs of large corporations and high-net-worth individuals. As of December 2013, the bank was ranked number 41, by assets, out of a total of 43 commercial banks in Kenya.