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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]
KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.
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Annastacia Kimtai is a Kenyan banker, businesswoman and corporate executive, who serves as the managing director and chief executive officer of KCB Bank Kenya Limited, the Kenyan subsidiary of the KCB Group, a large multinational financial services conglomerate headquartered in Kenya with banking subsidiaries in the seven member countries of the East African Community.
KCB South Sudan was founded in 2005, following the cessation of hostilities between South Sudan and Sudan and the signing of the Comprehensive Peace Agreement (CPA) in Naivasha, Kenya. As of October 2013 [update] , KCB South Sudan maintained a network of 20 branches, serving over 138,000 deposit customers, representing 42% of all banking ...
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In November 2011, a new consortium known as Asterisk Holdings, invested KES:410 million (approx:US$4.6 million) in Jamii Bora Bank. [9] Following the acquisition of 90 percent shareholding in the stock of the bank by Cooperative bank of Kenya, the bank ownership was as depicted in the table below, as of August 2020. [10]
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