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National Bank of Kenya (NBK), also known as National Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank, and national banking regulator. [3] Effective September 2019, the bank is a wholly owned subsidiary of the Kenya Commercial Bank Group. [4]
A bank branch can be identified from the bank code. Denmark has 4-digit bank code (called Registreringsnummer, or Reg. nr.). France has a 10 digit code, the first 5 digits contain the clearing identifier of the banking company (Code Banque), followed by the 5-digit branch code (Code Guichet). Both numbers are only used as a combined prefix for ...
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3] Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd; Choice Microfinance Bank Ltd; Daraja Microfinance Bank Ltd; Faulu Microfinance Bank Ltd; Kenya Women Microfinance Bank PLC; Rafiki Microfinance Bank Ltd; Lolc Kenya Microfinance Bank PLC
KCB Bank Kenya roots trace back to July 1896 when its parent company, KCB Group, was formed as a branch of the National Bank of India in Mombasa. In 1958, Grindlays Bank merged with the National Bank of India to form the National and Grindlays Bank. Upon independence, the Government of Kenya acquired 60% shareholding in National & Grindlays ...
In January 2020, the Central Bank of Kenya gave approval for Access Bank Group to acquire up to 100 percent shareholding in Transnational Bank. [7] In August 2020, the take-over was consummated after the new owners paid KES:1.4 billion (approx. US$13 million) to buy-out the previous shareholders. The bank re-branded to Access Bank (Kenya) PLC. [1]
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.
If Mwalimu Sacco were a commercial bank, it would rank number 23, by assets, out of the 43 licensed commercial banks in Kenya, just below Guaranty Trust Bank (East Africa). [4] As at December 2013, Mwalimu Sacco was ranked as the number one SACCO in Kenya, as measured by assets [ 5 ] and revenue [ 6 ]
The bank's history traces from 1916 when the National Bank of South Africa (now First National Bank) opened a branch. In 1925, National Bank of South Africa was merged with the Anglo-Egyptian Bank and the Colonial Bank in 1925 to form Barclays Bank (Dominion, Colonial and Overseas). This brought the Kenyan operations under Barclays Bank.