Kenya Commercial Bank (KCB) | Annual Reports

The KCB Bank Group is the largest commercial bank in East Africa. It was established in 1896 in Kenya (then known asNational Bank of India or NBI), and acts as a non-operating holding firm that oversees the operations of a number of subsidiaries, including: KCB Bank Kenya,KCB Bank Uganda, KCB Bank Tanzania, KCB Bank Rwanda, KCB Bank South Sudan Limited, and KCB Bank Burundi. It also has operations in Ethiopia and owns KCB Insurance Agency, KCB Capital, and KCB Foundation.

In 1958, the NBI entered into a merger with the Grindlays Bank resulting into the formation of the National and Grindlays Bank (NGB). The government of Kenya would acquire full ownership of the bank, and rename it Kenya Commercial Bank (KCB) in 1970.

KCB Group provides a large range of retail and corporate banking services, including: current accounts, savings accounts, fixed deposit accounts, consumer loans, and mortgage loans. It also offers overdrafts and fund management services. The group is based in Nairobi, Kenya, and it was listed on the Nairobi Securities Exchange in 1988 when the Kenyan government offered 20% of its stake to the public via an initial public offering (IPO). Subsequently, the government has ceded additional stake in the bank, and currently owns only 17.31% of the bank. The bank’s shares are also cross listed on the Dar es Salaam Stock Exchange, the Rwanda Stock Exchange, and the Uganda Securities Exchange.