514:
1084:
316:, to which it would transfer its Kenyan banking business, assets and liabilities. The rationale for the re-organisation is that by converting NIC Bank Group into a non-operating holding company (as defined under the Banking Act) that owns both banking and non-banking subsidiary companies in order to support the Group’s medium and long term strategy. The group reorganization was completed on 31 August 2017 upon approval from shareholders and the regulators.
450:
496:
474:
1129:
426:
405:
384:
160:
337:
As of 18 May 2019, the merged group was still operating two sets of banks in Kenya, Uganda and
Tanzania but was in the process of seeking regulatory approval to merge these business so that they can have one bank in each country and a group rebranding. On 27 September 2019, the Central Bank of Kenya
270:, Kenya. NCBA Group Plc owns subsidiary companies in Kenya, Uganda, Tanzania, Rwanda and the Ivory Coast. As of September 2019, NCBA Bank's total asset base was valued at about KSh487.8 billion (US$ 4.88 billion). At that time, the bank was ranked in position number three, by total assets, behind
334:(CBA) creating Kenya's third-biggest bank, by assets. The transaction was approved by the Kenyan regulators and shareholders in April 2019. CBK announces the merger of Commercial Bank of Africa Limited (CBA) and NIC Group PLC (NIC) effective September 30, 2019.
323:(in receivership). Effectively, NIC Bank took over the responsibility of returning funds to the failed bank's deposit customers. The agreement also allows NIC to acquire some of the deposits, assets and liabilities of Imperial once its receiver manager the
308:
NIC Bank Kenya Plc was incorporated in 2016 as a result of the corporate reorganization of NIC Bank Group. Prior to
January 2017, NIC Bank Group operated both as a licensed bank and a holding company for its subsidiaries.
531:
The activities of NCBA Bank Kenya are directed by eleven board of directors. The managing director is assisted by 10 other senior
Officers in supervising the day-to-day activities of the Bank.
695:
342:
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.
1024:
638:
799:
831:
860:
1558:
254:, the capital city of Kenya. The geographical coordinates of the group's headquarters are:01°17'52.0"S, 36°48'46.0"E (Latitude:-1.297778; Longitude:36.812778).
604:
777:
889:
667:
1665:
350:
As at 28 February 2020, NCBA Bank Kenya maintained 64 networked branches and 5 banking agencies in Kenya. NCBA Bank's partnership with the
1117:
972:
1095:
941:
1624:
246:
The bank's headquarters are located at NCBA Centre, at the junction of Mara Road and Ragati Road, in the neighborhood called
570:
1655:
324:
354:
enables the provision of cash collection services for its customers through
Postbank’s network of 94 branches in Kenya.
266:, a large financial services provider in East Africa, and parts of West Africa. The group maintains its headquarters in
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1398:
1272:
1471:
331:
1383:
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1317:
1110:
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302:
338:
approved the merger and name changes, effective 1 October 2019. The merged non-banking holding company became
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914:
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312:
On 12 September 2016, NIC Bank Group announced its intention to incorporate a new wholly owned subsidiary,
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129:
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540:
271:
64:
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In 2017, the
Central Bank of Kenya appointed NIC Bank as asset and liabilities consultant for
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778:"NIC Bank Limited shareholders approve reorganisation in an Extraordinary General Meeting"
8:
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1167:
247:
140:
639:"Directory Of Commercial Banks And Mortgage Finance Institutions As At 28 February 2020"
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700:
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In
December 2018, NIC Group announced that it would be merging with
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467:
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438:
419:
398:
393:
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973:"CBA to launch M-Shwari loan service in Ivory Coast next year"
1128:
425:
404:
383:
169:
1074:
206:
942:"Kenya Central Allows Merger of Lenders NIC and CBA Group"
861:"NIC to compensate Imperial Bank depositors in new deal"
832:"NIC to compensate Imperial Bank depositors in new deal"
1022:
890:"Kenya's NIC Group Shareholders Back Merger With CBA"
696:"Location of the headquarters of NCBA Bank Kenya Plc"
636:
1079:
289:roots trace back to 1959 when its parent company,
163:Aftertax:KSh7.7 billion (US$ 76 million) (Q3:2019)
1637:
1025:"NIC Bank Taps Diaspora for New Chief Executive"
999:
939:
858:
797:
747:
668:"Exit CBA And NIC Bank, Enters NCBA Group Plc"
665:
568:
175:KSh487.8 billion (US$ 4.88 billion) (Q3:2019)
1111:
887:
750:"Circular to Shareholder - 12 September 2016"
605:"Nyachae among wealthy owners of merged NCBA"
1625:Structured Financial Messaging System (SFMS)
970:
829:
800:"NIC To Finalise Reorganisation This Month"
602:
301:of the United Kingdom. NIC was initially a
1118:
1104:
721:
637:Central Bank of Kenya (28 February 2020).
571:"NIC Bank Hires Barclays Executive As CEO"
1615:National Electronic Fund Transfer (NEFT)
1023:Business Daily Reporter (25 July 2013).
915:"Done deal for NIC and CBA banks merger"
598:
596:
594:
14:
1638:
993:
1099:
940:George Obulutsa (27 September 2019).
1666:Kenyan companies established in 1959
772:
770:
748:NIC Bank Kenya (12 September 2016).
743:
741:
666:Fredrick Obura (27 September 2019).
632:
630:
628:
591:
1016:
1000:NCBA Bank Kenya (30 October 2019).
964:
325:Kenya Deposit Insurance Corporation
293:, was formed as a joint venture by
262:NCBA Bank Kenya is a subsidiary of
24:
25:
1677:
1620:Real Time Gross Settlement (RTGS)
1068:
971:Mumo Muthoki (29 November 2016).
798:Mugambi Mutegi (10 August 2017).
767:
738:
688:
659:
625:
345:
299:Mercantile Credit Company Limited
1399:Kenya Mortgage Refinance Company
1273:Housing Finance Company of Kenya
1127:
1082:
603:Victor Juma (28 November 2019).
512:
494:
472:
448:
424:
403:
382:
238:and national banking regulator.
230:in Kenya. It is licensed by the
159:
158:
1367:Financial services organization
933:
907:
888:Omar Mohammed (17 April 2019).
881:
859:James Anyanzwa (21 June 2016).
852:
823:
569:Corporate News (25 July 2013).
332:Commercial Bank of Africa Group
1590:Automated Teller Machine (ATM)
791:
715:
562:
352:Kenya Post Office Savings Bank
303:non-bank financial institution
13:
1:
1536:Kenya Women Microfinance Bank
1233:East African Development Bank
556:
526:
506:: Mobile money bank service:
357:
327:starts liquidating the bank.
1569:United Nations Sacco Society
830:Victor Juma (21 June 2016).
7:
1178:African Banking Corporation
534:
257:
241:
10:
1682:
1656:Companies based in Nairobi
1600:De-Materialisation (DEMAT)
1208:Consolidated Bank of Kenya
1004:. Nairobi: NCBA Bank Kenya
412:NCBA Capital Securities –
281:
29:
1651:Banks established in 1959
1582:
1549:
1518:Microfinance Institutions
1516:
1468:Commercial Bank of Africa
1453:
1412:
1366:
1223:Development Bank of Kenya
1213:Cooperative Bank of Kenya
1158:
1140:
755:. Nairobi: NIC Bank Kenya
726:. Nairobi: NIC Bank Kenya
724:"The History of NIC Bank"
276:Equity Bank Kenya Limited
201:
189:
179:
167:
154:
135:
115:
99:
84:
74:
55:
44:
1610:Foreign Exchange (FOREX)
1526:Choice Microfinance Bank
1358:Victoria Commercial Bank
1348:Standard Chartered Kenya
1313:Paramount Universal Bank
1002:"Our Board of Directors"
30:Not to be confused with
504:M-Shwari Mobile Banking
366:include the following.
130:Group Managing Director
1564:Mwalimu National Sacco
1559:Imarisha Sacco Society
1541:SMEP Microfinance Bank
1353:United Bank for Africa
1303:National Bank of Kenya
1293:Middle East Bank Kenya
541:List of banks in Kenya
272:KCB Bank Kenya Limited
1503:Imperial Bank Limited
1379:Equity Group Holdings
1288:Kenya Commercial Bank
1150:Central Bank of Kenya
1030:Business Daily Africa
837:Business Daily Africa
805:Business Daily Africa
646:Central Bank of Kenya
610:Business Daily Africa
576:Business Daily Africa
546:Central Bank of Kenya
321:Imperial Bank Limited
295:Standard Bank Limited
232:Central Bank of Kenya
222:, whose full name is
1493:Giro Commercial Bank
1283:Kingdom Bank Limited
1268:Habib Bank AG Zurich
952:on 28 September 2019
673:The Standard (Kenya)
415:Securities brokerage
297:of South Africa and
141:Transaction accounts
27:Retail bank in Kenya
1253:Guaranty Trust Bank
921:. 27 September 2019
518:Joint Venture with
430:– 100% Shareholding
224:NCBA Bank Kenya Plc
181:Number of employees
41:
40:NCBA Bank Kenya Plc
1605:Financial services
1470:(Formerly part of
1228:Diamond Trust Bank
1057:has generic name (
810:Nation Media Group
478:100% Shareholding.
434:NCBA Bank Tanzania
394:Investment banking
370:NCBA Bank Kenya –
314:NIC Bank Kenya Plc
287:NIC Bank Kenya Plc
185:~1,900 (2019)
79:Financial services
39:
1633:
1632:
1263:Gulf African Bank
1203:Citibank NA Kenya
1173:Access Bank Kenya
500:100% Shareholding
409:100% Shareholding
388:100% Shareholding
217:
216:
63:Parent trades on
16:(Redirected from
1673:
1478:Dubai Bank Kenya
1389:I&M Holdings
1132:
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1120:
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1075:Official Website
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948:. Archived from
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722:NIC Bank Kenya.
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551:Economy of Kenya
517:
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482:NCBA Bank Rwanda
477:
476:
458:NCBA Bank Uganda
454:69% Shareholding
453:
452:
429:
428:
408:
407:
387:
386:
234:, the country's
213:
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208:
172:
162:
161:
139:Loans, Savings,
121:Isaac O. Awuondo
95:
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38:
21:
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1362:
1298:M-Oriental Bank
1160:Commercial bank
1154:
1136:
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894:Thomson Reuters
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486:Retail banking
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391:NCBA Capital –
381:
362:Members of the
360:
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228:commercial bank
220:NCBA Bank Kenya
205:
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143:, Investments,
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1661:NCBA Group Plc
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1646:Banks of Kenya
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1597:
1595:ATM usage fees
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1583:Related Topics
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1425:Bank of Kigali
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1333:SBM Bank Kenya
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1188:Bank of Baroda
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1183:Bank of Africa
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