Search results
Results from the WOW.Com Content Network
The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) 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 and Dr. Susan Koech is the Deputy Governor.
Central Bank of Kenya Kamau Thugge (born 1st August, 1957) is a Kenyan economist, banker, and the tenth and current governor of the Central Bank of Kenya . He assumed office on 19 June 2023.
The Central Bank of Kenya issued notes in denominations of 5/=, 10/=, 20/=, 50/= and 100/=. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and diverse economic activities on the back. [9] 5/= notes were replaced by coins in 1985, with the same happening to 10/= and 20/= in 1994 and ...
Governor, Central Bank of Kenya; Permanent Secretary, Ministry of Finance, Kenya ... 5.22 billion as at December 28, 2012 (US$64 million at the exchange rate then).
Upon independence, the Government of Kenya acquired 60% shareholding in National & Grindlays Bank. 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).
The exchange rate of the Kenyan Shilling between 2003 and 2010 averaged about KSh74-78 per US Dollar. [66] The average inflation between 2005 and July 2015 was 8.5%. [67] In July 2015 Kenya's inflation rate was estimated to be 6.62%. [68]
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.
Chase Bank Kenya Limited (CBK), commonly referred to as Chase Bank, was a commercial bank in Kenya, licensed by the Central Bank of Kenya, the central bank and national banking regulator. [ 2 ] Chase Bank was a large financial services provider in Kenya, with an estimated asset valuation of approximately US$1.428 billion (KES:142 billion), as ...