503:
305:, 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.
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463:
1118:
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149:
326:
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
259:, 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
323:(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.
312:(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
297:
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.
520:
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.
1547:
684:
331:
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.
1013:
627:
788:
820:
849:
1654:
243:, 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).
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593:
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878:
656:
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As at 28 February 2020, NCBA Bank Kenya maintained 64 networked branches and 5 banking agencies in Kenya. NCBA Bank's partnership with the
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The bank's headquarters are located at NCBA Centre, at the junction of Mara Road and Ragati Road, in the neighborhood called
559:
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enables the provision of cash collection services for its customers through
Postbank’s network of 94 branches in Kenya.
255:, a large financial services provider in East Africa, and parts of West Africa. The group maintains its headquarters in
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approved the merger and name changes, effective 1 October 2019. The merged non-banking holding company became
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On 12 September 2016, NIC Bank Group announced its intention to incorporate a new wholly owned subsidiary,
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In 2017, the
Central Bank of Kenya appointed NIC Bank as asset and liabilities consultant for
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767:"NIC Bank Limited shareholders approve reorganisation in an Extraordinary General Meeting"
216:
628:"Directory Of Commercial Banks And Mortgage Finance Institutions As At 28 February 2020"
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In
December 2018, NIC Group announced that it would be merging with
1117:
414:
393:
372:
158:
1088:
962:"CBA to launch M-Shwari loan service in Ivory Coast next year"
1063:
195:
931:"Kenya Central Allows Merger of Lenders NIC and CBA Group"
850:"NIC to compensate Imperial Bank depositors in new deal"
821:"NIC to compensate Imperial Bank depositors in new deal"
879:"Kenya's NIC Group Shareholders Back Merger With CBA"
685:"Location of the headquarters of NCBA Bank Kenya Plc"
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278:roots trace back to 1959 when its parent company,
152:Aftertax:KSh7.7 billion (US$ 76 million) (Q3:2019)
1014:"NIC Bank Taps Diaspora for New Chief Executive"
657:"Exit CBA And NIC Bank, Enters NCBA Group Plc"
164:KSh487.8 billion (US$ 4.88 billion) (Q3:2019)
1100:
739:"Circular to Shareholder - 12 September 2016"
594:"Nyachae among wealthy owners of merged NCBA"
8:
1614:Structured Financial Messaging System (SFMS)
28:
789:"NIC To Finalise Reorganisation This Month"
290:of the United Kingdom. NIC was initially a
1107:
1093:
1085:
626:Central Bank of Kenya (28 February 2020).
560:"NIC Bank Hires Barclays Executive As CEO"
27:
1604:National Electronic Fund Transfer (NEFT)
1012:Business Daily Reporter (25 July 2013).
904:"Done deal for NIC and CBA banks merger"
587:
585:
583:
550:
1043:
1033:
929:George Obulutsa (27 September 2019).
7:
1655:Kenyan companies established in 1959
761:
759:
737:NIC Bank Kenya (12 September 2016).
732:
730:
655:Fredrick Obura (27 September 2019).
621:
619:
617:
989:NCBA Bank Kenya (30 October 2019).
314:Kenya Deposit Insurance Corporation
282:, was formed as a joint venture by
251:NCBA Bank Kenya is a subsidiary of
14:
1609:Real Time Gross Settlement (RTGS)
960:Mumo Muthoki (29 November 2016).
787:Mugambi Mutegi (10 August 2017).
288:Mercantile Credit Company Limited
1388:Kenya Mortgage Refinance Company
1262:Housing Finance Company of Kenya
1116:
1071:
592:Victor Juma (28 November 2019).
501:
483:
461:
437:
413:
392:
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227:and national banking regulator.
219:in Kenya. It is licensed by the
148:
147:
1356:Financial services organization
877:Omar Mohammed (17 April 2019).
848:James Anyanzwa (21 June 2016).
558:Corporate News (25 July 2013).
321:Commercial Bank of Africa Group
1579:Automated Teller Machine (ATM)
341:Kenya Post Office Savings Bank
292:non-bank financial institution
1:
1525:Kenya Women Microfinance Bank
1222:East African Development Bank
495:: Mobile money bank service:
316:starts liquidating the bank.
1558:United Nations Sacco Society
819:Victor Juma (21 June 2016).
1167:African Banking Corporation
1671:
1645:Companies based in Nairobi
1589:De-Materialisation (DEMAT)
1197:Consolidated Bank of Kenya
993:. Nairobi: NCBA Bank Kenya
401:NCBA Capital Securities –
18:
1640:Banks established in 1959
1507:Microfinance Institutions
1457:Commercial Bank of Africa
1212:Development Bank of Kenya
1202:Cooperative Bank of Kenya
744:. Nairobi: NIC Bank Kenya
715:. Nairobi: NIC Bank Kenya
713:"The History of NIC Bank"
265:Equity Bank Kenya Limited
1599:Foreign Exchange (FOREX)
1515:Choice Microfinance Bank
1347:Victoria Commercial Bank
1337:Standard Chartered Kenya
1302:Paramount Universal Bank
991:"Our Board of Directors"
19:Not to be confused with
493:M-Shwari Mobile Banking
355:include the following.
119:Group Managing Director
1553:Mwalimu National Sacco
1548:Imarisha Sacco Society
1530:SMEP Microfinance Bank
1342:United Bank for Africa
1292:National Bank of Kenya
1282:Middle East Bank Kenya
530:List of banks in Kenya
261:KCB Bank Kenya Limited
1492:Imperial Bank Limited
1368:Equity Group Holdings
1277:Kenya Commercial Bank
1139:Central Bank of Kenya
1019:Business Daily Africa
826:Business Daily Africa
794:Business Daily Africa
635:Central Bank of Kenya
599:Business Daily Africa
565:Business Daily Africa
535:Central Bank of Kenya
310:Imperial Bank Limited
284:Standard Bank Limited
221:Central Bank of Kenya
211:, whose full name is
1482:Giro Commercial Bank
1272:Kingdom Bank Limited
1257:Habib Bank AG Zurich
941:on 28 September 2019
662:The Standard (Kenya)
404:Securities brokerage
286:of South Africa and
130:Transaction accounts
16:Retail bank in Kenya
1242:Guaranty Trust Bank
910:. 27 September 2019
507:Joint Venture with
419:– 100% Shareholding
213:NCBA Bank Kenya Plc
170:Number of employees
30:
29:NCBA Bank Kenya Plc
1594:Financial services
1459:(Formerly part of
1217:Diamond Trust Bank
1046:has generic name (
799:Nation Media Group
467:100% Shareholding.
423:NCBA Bank Tanzania
383:Investment banking
359:NCBA Bank Kenya –
303:NIC Bank Kenya Plc
276:NIC Bank Kenya Plc
174:~1,900 (2019)
68:Financial services
1622:
1621:
1252:Gulf African Bank
1192:Citibank NA Kenya
1162:Access Bank Kenya
489:100% Shareholding
398:100% Shareholding
377:100% Shareholding
206:
205:
52:Parent trades on
1662:
1467:Dubai Bank Kenya
1378:I&M Holdings
1121:
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1064:Official Website
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937:. Archived from
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711:NIC Bank Kenya.
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540:Economy of Kenya
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488:
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471:NCBA Bank Rwanda
466:
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447:NCBA Bank Uganda
443:69% Shareholding
442:
441:
418:
417:
397:
396:
376:
375:
223:, the country's
202:
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197:
161:
151:
150:
128:Loans, Savings,
110:Isaac O. Awuondo
84:
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31:
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1287:M-Oriental Bank
1149:Commercial bank
1143:
1125:
1115:
1113:
1077:
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883:Thomson Reuters
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855:The EastAfrican
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475:Retail banking
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380:NCBA Capital –
370:
351:Members of the
349:
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217:commercial bank
209:NCBA Bank Kenya
194:
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132:, Investments,
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5:
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1650:NCBA Group Plc
1647:
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1635:Banks of Kenya
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1584:ATM usage fees
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1572:Related Topics
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1414:Bank of Kigali
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1177:Bank of Baroda
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1172:Bank of Africa
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1123:Banks of Kenya
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499:, Ivory Coast
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452:Retail banking
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428:Retail banking
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362:Retail banking
353:NCBA Group Plc
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335:Branch network
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329:NCBA Group Plc
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37:Subsidiary of
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1409:Bank of China
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1332:Stanbic Bank
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