1385:
770:
2034:
159:
2022:
315:, which had been under receivership since April 2016. It was expected that those assets and liabilities, together with the 1,300 Chase Bank employees, in about 62 branches, would be absorbed in SBM Bank Kenya. That acquisition began in April 2018, with conclusion planned for August 2018.
265:
After the Chase Bank acquisition in 2018, SBM Kenya accounted for 2.4 percent of all banking assets in the country. The total assets inherited from Chase Bank in 2018, were valued at approximately US$ 600 million.
327:
based SBM Holdings. One other shareholder is the private equity firm Duet Group of the United
Kingdom, which acquired its shareholding in March 2016 for KSh1.9 billion (approx. US$ 19 million).
1199:
262:. As of December 2018, SBM Bank Kenya had an asset base of KSh70,647,739,000 (approx. US$ 706.23 million), with shareholder's equity of KSh6,937,506,000 (approx. US$ 69.35 million).
644:
583:
462:
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612:
1959:
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announced that it has reached an agreement to acquire a majority stake in the bank. This process was concluded in May 2017 and the bank's name was changed to
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1904:
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1993:
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In April 2018, SBM Holdings of
Mauritius concluded the acquisition of the majority of assets and liabilities of
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In 2013 the bank was accused of insider lending by top shareholders of the bank against CBK rules.
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514:"Central Bank of Kenya: Commercial Banks & Mortgage Finance Shareholding Information"
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408:"Audited Financial Statements And Other Disclosures As At 31 December 2018"
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SBM Bank (Kenya) is a privately held institution. It is a subsidiary of
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437:"Kenya's Top Buyer of Banks Is Now Looking Ahead to Profits"
540:"Fidelity Bank row exposes claims of illegal insider loans"
205:
703:"Mauritian bank SBM says to acquire Kenya's Fidelity Bank"
584:"Fidelity Bank now SBM Kenya after Mauritian group buyout"
555:"Fidelity sells British fund Duet stake for Sh1.9 billion"
463:"Fidelity Bank now SBM Kenya after Mauritian group buyout"
701:
Miriri, Duncan (November 22, 2016). Potter, Mark (ed.).
162:(After-tax): US$ 12.41 million (KSh1.241 billion) (2018)
30:"FidelityBank" redirects here. Not to be confused with
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645:"Mauritian bank SBM formally takes over Chase Bank"
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413:. Nairobi: SBM Bank Kenya Limited. 29 March 2019
375:"SBM Picks Career Banker As New Chief Executive"
286:, having been granted a banking license by the
282:. In 1996, the institution re branded again as
613:"Fidelity gets 3 new directors after SBM deal"
1960:United States International University Africa
1292:
752:
674:"Mauritius firm SBM formally buys Chase Bank"
278:. In 1992, the finance company re-branded as
8:
1266:Structured Financial Messaging System (SFMS)
274:The institution was incorporated in 1988 as
174:US$ 706.23 million (KSh70.65 billion) (2018)
37:
542:. Kenyan Business Daily. February 21, 2013.
1917:
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1256:National Electronic Fund Transfer (NEFT)
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7:
2021:
486:"Kenya's Chase Bank takeover begins"
480:
478:
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254:, serving mainly the urban areas of
1900:Jomo Kenyatta International Airport
553:Mwaniki, Charles (22 March 2016).
290:, the national banking regulator.
25:
1261:Real Time Gross Settlement (RTGS)
2032:
2020:
1040:Kenya Mortgage Refinance Company
914:Housing Finance Company of Kenya
768:
672:Olingo, Allan (6 January 2018).
284:Fidelity Commercial Bank Limited
247:and national banking regulator.
225:Fidelity Commercial Bank Limited
158:
157:
1008:Financial services organization
435:Herbling, David (22 May 2018).
1231:Automated Teller Machine (ATM)
643:Ngugi, Brian (18 April 2018).
1:
1177:Kenya Women Microfinance Bank
874:East African Development Bank
235:, the largest economy in the
2074:1988 establishments in Kenya
1210:United Nations Sacco Society
611:Ngigi, Brian (11 May 2017).
582:Ngigi, Brian (11 May 2017).
461:Ngugi, Brian (11 May 2017).
819:African Banking Corporation
373:Kabui Mwangi (9 May 2024).
250:The bank is a medium-sized
68:; 36 years ago
2090:
2059:Companies based in Nairobi
1241:De-Materialisation (DEMAT)
849:Consolidated Bank of Kenya
29:
2069:Banks established in 1988
2017:
1381:
1318:
1159:Microfinance Institutions
1109:Commercial Bank of Africa
864:Development Bank of Kenya
854:Cooperative Bank of Kenya
1251:Foreign Exchange (FOREX)
1167:Choice Microfinance Bank
999:Victoria Commercial Bank
989:Standard Chartered Kenya
954:Paramount Universal Bank
313:Chase Bank Kenya Limited
306:SBM Bank (Kenya) Limited
280:Fidelity Finance Limited
239:. It is licensed by the
221:SBM Bank (Kenya) Limited
27:Commercial bank in Kenya
2029:at Wikimedia Commons .
1999:Nairobi National Museum
1905:Mombasa–Nairobi Railway
347:List of banks in Africa
276:African Finance Company
195:State Bank of Mauritius
118:Chief Executive Officer
1389:
1205:Mwalimu National Sacco
1200:Imarisha Sacco Society
1182:SMEP Microfinance Bank
994:United Bank for Africa
944:National Bank of Kenya
934:Middle East Bank Kenya
494:. Nairobi. 7 July 2018
342:List of banks in Kenya
237:East African Community
38:SBM Bank Kenya Limited
1938:Strathmore University
1928:University of Nairobi
1387:
1144:Imperial Bank Limited
1020:Equity Group Holdings
929:Kenya Commercial Bank
791:Central Bank of Kenya
650:Business Daily Africa
618:Business Daily Africa
589:Business Daily Africa
560:Business Daily Africa
518:Central Bank of Kenya
468:Business Daily Africa
380:Business Daily Africa
337:Central Bank of Kenya
288:Central Bank of Kenya
241:Central Bank of Kenya
223:(previously known as
1388:Nairobi Coat of Arms
1134:Giro Commercial Bank
924:Kingdom Bank Limited
909:Habib Bank AG Zurich
719:on November 23, 2016
1933:Kenyatta University
894:Guaranty Trust Bank
180:Number of employees
39:
1955:Daystar University
1390:
1246:Financial services
1111:(Formerly part of
869:Diamond Trust Bank
520:. 31 December 2016
296:In November 2016,
184:~1,500 (2018)
57:Financial services
2046:
2045:
1982:
1981:
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1273:
904:Gulf African Bank
844:Citibank NA Kenya
814:Access Bank Kenya
218:
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16:(Redirected from
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1842:County divisions
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1119:Dubai Bank Kenya
1030:I&M Holdings
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728:
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724:
715:. Archived from
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383:. Nairobi, Kenya
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352:Economy of Kenya
243:, the country's
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1909:
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1341:County governor
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939:M-Oriental Bank
801:Commercial bank
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23:
22:
15:
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2064:Banks of Kenya
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984:Stanbic Bank
964:Premier Bank
919:I&M Bank
783:Central bank
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2004:Times Tower
1758:Shauri Moyo
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979:Sidian Bank
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859:Credit Bank
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252:retail bank
144:Debit Cards
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2053:Categories
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1948:Law School
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1104:Chase Bank
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969:Prime bank
686:5 February
524:13 October
471:. Nairobi.
358:References
101:Key people
1987:Landmarks
1971:secondary
1914:Education
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1884:Westlands
1854:Dagoretti
1828:Zimmerman
1823:Viwandani
1813:Westlands
1713:Parklands
1608:Makongeni
1573:Korogocho
1483:Lavington
1448:Highridge
1428:Eastleigh
1413:Dagoretti
1375:Transport
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1323:Buildings
1129:Fina Bank
1124:Euro Bank
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1076:HDFC Bank
1071:FirstRand
1035:KCB Group
1015:DTB Group
959:Post Bank
949:NCBA Bank
839:CIB Kenya
809:Absa Bank
682:. Nairobi
653:. Nairobi
625:18 August
621:. Nairobi
592:. Nairobi
563:. Nairobi
325:Mauritian
319:Ownership
302:SBM Group
1969:Primary/
1921:Tertiary
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567:23 March
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1328:Economy
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1994:KICC
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