DOCSLIB.ORG

Integrated Report & Financial Statements2017 2017 | Integrated Report & Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Integrated Report & Financial Statements2017 2017 | Integrated Report & Financial Statements INTEGRATED REPORT & FINANCIAL STATEMENTS2017 2017 | INTEGRATED REPORT & FINANCIAL STATEMENTS REPORT 2017 | INTEGRATED Family Bank Towers, Muindi Mbingu Street | P.O. Box 74145 - 00200, Nairobi, Kenya | Tel: 254-2-3252 445/0703095 445 Email: [email protected] | Website: www.familybank.co.ke 1 2 FAMILY BANK LIMITED INTEGRATED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 1 ABOUT THE INTEGRATED REPORT AND AUDITED FINANCIAL STATEMENTS 2017 Family Bank Limited is pleased to present its annual Integrated Report, which covers the period from 1 January 2017 to 31 December 2017. This report contains comprehensive information of our financial performance, stakeholders, governance, material issues, risks and opportunities and how these influence our strategic initiatives. In this report, Family Bank demonstrates how we create and sustain value through our business. This report is compiled and presented in accordance with the Corporate Governance Guidelines and Codes of Conduct prescribed by the Central Bank of Kenya, the Corporate Governance Guidelines of the Capital Markets Authority (CMA), the Continuing Listing Obligations of the CMA as required by the Nairobi Securities Exchange and the Global Reporting International (GRI). We have implemented the framework as far as practical and our approach to integrated reporting will continue to evolve over time, in line with the framework. Our Annual Financial Statements were prepared in accordance with International Financial Reporting Standards (IFRS) and the requirements of the Companies Act, 2015. We received external assurance from our auditor, PWC Kenya on the fair presentation of these annual financial statements. See the Independent Auditor’s Report on pages 58 to 61. 2 3 Family Bank Vision, Mission and Core Values 4 5 ONGOING TRANSFORMATION PROGRAM Family Bank remains focused on its transformation program to optimally gain size and scale eciently… Strategic pillars 2018 Family Bank Strategic Pillars 1 Profitability 2 Customer 3 Brand 4 Distribution 5 Technology 6 Risk Centricity Model Management Cost Roll out Roll out brand Branch Systems review and Enhanced Management & Customer Value campaign Transformation rationalization Risk and Proposition LEAN processes to sales outlets Compliance exercise and Scale up and Aggressively drive Refine business track Net sustain digital Drive self- IT eciencies framework model Performance brand proposition service through Rigor on Credit Product Score alternative Risk optimization Customer channels Management Relationship Management (CRM) roll out 7 Human Resources Change management in line with the transformation program and drive an improved sta satisfaction index 2017 6 7 SUBSIDIARY • Advisory Insurance services on General, Marine, Agriculture and Medical insurance policies and Medical insurance Agriculture Marine, on General, services Insurance • Advisory and individuals groups for products Assurance • Life services medical scheme administration and Staff • Group • Claims Management Financing Premium • Insurance that to ensure system IT Banc assurance robust and an integrated through offered are and products All these services across delivery service of efficiency enhance to connected well are and all branches served well is business insurance the country. The Agency also facilitates access to professional insurance advisory services and also avails convenient and accessible and accessible convenient and also avails advisory services insurance professional to access also facilitates Agency The banking and alternative outreach the wide branch through customers our by service and claims policies insurance channels. OUR SERVICES FBIA is a leading provider of risk management & insurance brokerage solutions. It has more than 50 members of staff, than 50 members of staff, solutions. It has more brokerage of risk management & insurance FBIA is a leading provider representation and risk management needs with your insurance to handle and qualified experienced adequately the country. across 90 branches in over Through strata. the wide economic across needs of Kenyans the insurance address is to main objective Agency’s The insurance innovative bouquet of a full offers FBIA the industry, in companies insurance with reputable partnerships and banking of insurance is the provision model. Bancassurance using the Bancassurance and services products the same client base. channel and to distribution a common through and services, products FAMILY BANK INSURANCE AGENCY BANK INSURANCE AGENCY FAMILY in was established Family Bank Limited, subsidiary of (FBIA), a fully-fledged Limited Agency Bank Insurance Family (IRA) Authority Regulatory the Insurance by licensed was Agency then named Dhamana Insurance Agency, 2008. The its current to Agency Dhamana Insurance from rebranded was when the Agency 2015, December By 2010. in May of a GWP to of Ksh 190 Million in 2011 (GWP) Premium Written a Gross from grown has steadily business The name. 2017. ended 31 December the year Ksh 800 Million for ONGOING TRANSFORMATION PROGRAM Family Bank remains focused on its transformation program to optimally gain size and scale eciently… Strategic pillars 2018 Family Bank Strategic Pillars 1 Profitability 2 Customer 3 Brand 4 Distribution 5 Technology 6 Risk Centricity Model Management Cost Roll out Roll out brand Branch Systems review and Enhanced Management & Customer Value campaign Transformation rationalization Risk and Proposition to sales outlets LEAN processes Scale up and Compliance exercise and Aggressively drive Refine business track Net sustain digital Drive self- IT eciencies framework model Performance brand proposition service through Rigor on Credit Product Score alternative Risk optimization Customer channels Management Relationship Management (CRM) roll out 7 Human Resources Change management in line with the transformation program and drive an improved sta satisfaction index 2017 THE COMPANIES ACT 2015 FAMILY BANK LIMITED ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 11th ANNUAL GENERAL MEETING of the Shareholders will be held at KENYATTA INTERNATIONAL CONFERENCE CENTRE AMPHITHEATRE on Wednesday 27th June 2018 at 10:00 a.m. to transact the following business: Ordinary Business: 1. To receive, consider and if thought fit, adopt the Integrated Report, the Audited Financial Statements for the year ended 31st December, 2017, together with the Chairman’s, Directors’ and Auditors’ reports thereon. 2. To consider and if deemed fit, approve the recommendation of the Board that there shall be no dividend paid for the year ended 31st December 2017. 3. Resignation, Rotation and Election of Directors in accordance with Article 112 of the Articles of Association: 3.1 Dr. Ruth Waweru retires by rotation and being eligible, oers herself for appointment in accordance with section 132 of the Companies Act. 3.2 Mr. T. K Muya, a Director, having attained the age of seventy years retires from oce by rotation and, in terms of Clause 2.5 of the Capital Markets Code of Corporate Governance Practices for Issuers of Securities to the Public 2015, oers himself for re-election. 4. To receive, consider and if thought fit approve the Directors’ remuneration for the year ending 31st December 2017. 5. To approve that the auditors PricewaterhouseCoopers (PwC), being eligible and having expressed their willingness, will continue in oce in accordance with section 721 of the Companies Act, No. 17 of 2015 and to authorize the directors to fix their remuneration. By order of the Board Rebecca Mbithi Company Secretary Nairobi 6th June 2018 Notes: A member entitled to attend and vote at this Meeting may appoint a proxy to attend and vote on his/her behalf and such proxy need not be a member of the Company. The proxy shall be required to be deposited at the Company Secretary oce 8th Floor at Family Bank Towers Muindi Mbingu Street Nairobi not less than Forty-eight hours before the time for holding the meeting failing which it shall be invalid. In the case of a corporate body the proxy must be under its common seal. The proxy form is available on the Company’s website www.familybank.co.ke The full set of audited accounts for the year ended 31st December 2017 is available at the Company’s registered oce at Family Bank Towers 6th Floor, Muindi Mbingu Street Nairobi or can be downloaded at the website www.familybank.co.ke 8 CORPORATE INFORMATION DIRECTORS Non-Executive Dr. Wilfred D. Kiboro- Chairman Mr. Titus K. Muya Dr. Ruth Waweru Mr. Lazarus Muema Mr. Lerionka S. Tiampati Mr. Francis Gitau Mungai Executive Dr. David Thuku - Managing Director and CEO COMPANY SECRETARY Rebecca Mbithi Certified Public Secretary (Kenya) 8th Floor, Family Bank Towers, Muindi Mbingu Street P.O. Box 74145 - 00200, Nairobi Tel: 254-2-318173/318940/2/7/0720 098 300 Fax: 254-2-318174 Email: [email protected] Website: www.familybank.co.ke REGISTERED OFFICE Family Bank Limited 6th Floor, Family Bank Towers, Muindi Mbingu Street P.O. Box 74145- 00200, Nairobi Tel: 254-2-318173/318940/2/7/0720 098 300 Fax: 254-2-318174 Email: [email protected] Website: www.familybank.co.ke AUDITOR PricewaterhouseCoopers Kenya Certified Public Accountants PWC Tower, Waiyaki Way/Chiromo Road, Westlands P.O. Box 43963-00100 Nairobi, Kenya LEGAL ADVISERS Mboya Wangong’u & Waiyaki Advocates Lex Chamber, Maji Mazuri Road Off James Gichuru Road Nairobi 9 CORPORATE INFORMATION CORRESPONDENT BANKS Deutsche Bank AG London 6 Bishopsgate London EC2P 2AT United Kingdom DZ Bank AG 60265 Frankfurt am Main Deutsche Bank Trust
Load more

Recommended publications
  • Ecobank Group Annual Report 2018 Building
    BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 ECOBANK GROUP ANNUAL REPORT CONTENTS 05 Performance Highlights 08 Ecobank is the leading Pan-African Banking Institution 09 Business Segments 10 Our Pan-African Footprint 15 Board and Management Reports 16 Group Chairman’s Statement 22 Group Chief Executive’s Review 32 Consumer Bank 36 Commercial Bank 40 Corporate and Investment Bank 45 Corporate Governance 46 Board of Directors 48 Directors’ Biographies 53 Directors’ Report 56 Group Executive Committee 58 Corporate Governance Report 78 Sustainability Report 94 People Report 101 Risk Management 141 Business and Financial Review 163 Financial Statements 164 Statement of Directors’ Responsibilities 165 Auditors’ Report 173 Consolidated Financial Statements 178 Notes to Consolidated Financial Statements 298 Five-year Summary Financials 299 Parent Company’s Financial Statements 305 Corporate Information 3 ECOBANK GROUP ANNUAL REPORT 3 PERFORMANCE HIGHLIGHTS 5 ECOBANK GROUP ANNUAL REPORT PERFORMANCE HIGHLIGHTS For the year ended 31 December (in millions of US dollars, except per share and ratio data) 2018 2017 Selected income statement data Operating income (net revenue) 1,825 1,831 Operating expenses 1,123 1,132 Operating profit before impairment losses & taxation 702 700 Impairment losses on financial assets 264 411 Profit before tax 436 288 Profit for the year 329 229 Profit attributable to ETI shareholders 262 179 Profit attributable per share ($): Basic
    [Show full text]
  • Republic of Kenya in the High Court of Kenya at Nairobi
    REPUBLIC OF KENYA IN THE HIGH COURT OF KENYA AT NAIROBI MILIMANI LAW COURTS CIVIL DIVISION MISCELLANEOUS APPLICATION NO. 601 OF 2015 IN THE MATTER OF: AN APPLICATION BY THE ASSETS RECOVERY AGENCY FOR ORDERS UNDER SECTIONS 81, 82 AND 87 OF THE PROCEEDS OF CRIME AND ANTI-MONEY LAUNDERING ACT READ WITH ORDER 51 OF THE CIVIL PROCEDURE RULES TO PROHIBIT THE TRANSFER AND OR DISPOSAL OFF OR OTHER DEALINGS (HOWESOEVER DESCRIBED) WITH THE PROPERTY KNOWN AS MAISONETTE HOUSE AT KASARANI LR NO 20857/190, PLOT NUMBER L.R NO RUIRU JUJA EAST BLOCK 2/360, MOTOR VEHICLE TOYOTA PRADO REGISTRATION NUMBER KCD 536P, REGISTRATION NUMBER KCE 874R STATION WAGON TOYOTA PRADO. BETWEEN THE ASSETS RECOVERY AGENCY…………………………APPLICANT AND SAMWEL WACHENJE alias SAM MWADIME ……1ST RESPONDENT SUSAN MKIWA MNDANYI…………………………….2ND RESPONDENT VANDAMME JOHN…………………………….…………3RD RESPONDENT ANTHONY KIHARA GETHI………………….…………4TH RESPONDENT CHARITY WANGUI GETHI………..………….………..5TH RESPONDENT NDUNGU JOHN…………………………………….……..6TH RESPONDENT GACHOKA PAUL …………………………………………7TH RESPONDENT JAMES KISINGO………………………………………..8TH RESPONDENT AND JANE KABURA ………………………INTENDED INTERESTED PARTY NOTICE OF MOTION (Order1 and order 51 Of the Civil procedure Act cap 21,and all other enabling provisions of the law. ) TAKE NOTICE that this honourable court will be moved on the day of 2015 at 9 O’clock in the forenoon or so soon thereafter as the matter may be reached for hearing of an application on the part of Counsel for JANE KABURA the intended Interested Party /applicant herein for ORDERS THAT 1. THAT Jane Kabura be enjoined in these proceedings as an Interested Party . 2. That Jane Kabura do file pleadingsand responses in this matter 3.
    [Show full text]
  • List of the Main Kenyan Financial Institutions That Provide Loans Tothe Agriculutre Sector
    LIST OF THE MAIN KENYAN FINANCIAL INSTITUTIONS THAT PROVIDE LOANS TOTHE AGRICULUTRE SECTOR Type of Org Organisation Service for Brief description Website Reference Contact Id Name SHF Zahid Mustafa - Barclays Commercial 1 Barclays is supporting small holder farmers finance. Consumer Banking Limited Bank Director Commercial Julius Ngesa - Head Commercial They have several product to serve farmers. Value Chains supported: dairy, tea and 2 Bank of Africa http://cbagroup.com/ of Business Bank sugar cane (CBA) Development Business Revolving Credit Plan gives you a line of credit which can be paid off over two to five years. Once you have repaid 25% of the loan, you can withdraw funds up to the original limit, without affecting your monthly repayments. The loan can be linked to your business account, so you can transfer funds electronically An Agricultural Production Loan (APL) is a short-term credit that lets you pay for your agricultural input costs. This product is suitable for grain farmers cultivating on either CFC Stanbic Commercial dry land or on an irrigation basis. Loans are provided to individual farmers, groups and http://www.stanbicban Derrick Kimani - 3 Bank Bank legal entities in the agricultural sector, including commercial farmers and agri- k.co.ke/ Digital Channels businesses. Input costs that qualify for production credit include: Seeds and fertilizer; Fuel, oil and lubricants; Herbicides and pesticides; Repairs and maintenance; Crop insurance premiums The vehicle and asset finance packages are designed to support business‚ cash flow and tax requirements. Vehicles and assets we finance include: Tractors; Harvesters; Centre pivots; Solar panels Dairy Asset Finance, value chain finance.
    [Show full text]
  • Bank Code Finder
    No Institution City Heading Branch Name Swift Code 1 AFRICAN BANKING CORPORATION LTD NAIROBI ABCLKENAXXX 2 BANK OF AFRICA KENYA LTD MOMBASA (MOMBASA BRANCH) AFRIKENX002 3 BANK OF AFRICA KENYA LTD NAIROBI AFRIKENXXXX 4 BANK OF BARODA (KENYA) LTD NAIROBI BARBKENAXXX 5 BANK OF INDIA NAIROBI BKIDKENAXXX 6 BARCLAYS BANK OF KENYA, LTD. ELDORET (ELDORET BRANCH) BARCKENXELD 7 BARCLAYS BANK OF KENYA, LTD. MOMBASA (DIGO ROAD MOMBASA) BARCKENXMDR 8 BARCLAYS BANK OF KENYA, LTD. MOMBASA (NKRUMAH ROAD BRANCH) BARCKENXMNR 9 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BACK OFFICE PROCESSING CENTRE, BANK HOUSE) BARCKENXOCB 10 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BARCLAYTRUST) BARCKENXBIS 11 BARCLAYS BANK OF KENYA, LTD. NAIROBI (CARD CENTRE NAIROBI) BARCKENXNCC 12 BARCLAYS BANK OF KENYA, LTD. NAIROBI (DEALERS DEPARTMENT H/O) BARCKENXDLR 13 BARCLAYS BANK OF KENYA, LTD. NAIROBI (NAIROBI DISTRIBUTION CENTRE) BARCKENXNDC 14 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PAYMENTS AND INTERNATIONAL SERVICES) BARCKENXPIS 15 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PLAZA BUSINESS CENTRE) BARCKENXNPB 16 BARCLAYS BANK OF KENYA, LTD. NAIROBI (TRADE PROCESSING CENTRE) BARCKENXTPC 17 BARCLAYS BANK OF KENYA, LTD. NAIROBI (VOUCHER PROCESSING CENTRE) BARCKENXVPC 18 BARCLAYS BANK OF KENYA, LTD. NAIROBI BARCKENXXXX 19 CENTRAL BANK OF KENYA NAIROBI (BANKING DIVISION) CBKEKENXBKG 20 CENTRAL BANK OF KENYA NAIROBI (CURRENCY DIVISION) CBKEKENXCNY 21 CENTRAL BANK OF KENYA NAIROBI (NATIONAL DEBT DIVISION) CBKEKENXNDO 22 CENTRAL BANK OF KENYA NAIROBI CBKEKENXXXX 23 CFC STANBIC BANK LIMITED NAIROBI (STRUCTURED PAYMENTS) SBICKENXSSP 24 CFC STANBIC BANK LIMITED NAIROBI SBICKENXXXX 25 CHARTERHOUSE BANK LIMITED NAIROBI CHBLKENXXXX 26 CHASE BANK (KENYA) LIMITED NAIROBI CKENKENAXXX 27 CITIBANK N.A. NAIROBI NAIROBI (TRADE SERVICES DEPARTMENT) CITIKENATRD 28 CITIBANK N.A.
    [Show full text]
  • Cash Country Service Listing April 2014
    ® WorldLink Payment Services Cash Country Service Listing April 2014 WorldLink® Cash payments is currently offered through Western Union and is thus required to follow the requirements and regulations of within the destination country of your beneficiary. Failure to meet those requirements will result in the payment being rejected. The information provided in the WorldLink Cash Country Service Listing includes updates sent to Western Union prior to:April 2014. The material contained in this Cash Country Service Listing is for informational purposes only, and is provided solely as a courtesy by WorldLink. Although WorldLink believes this information to be reliable, WorldLink makes no representation or warranty with respect to its accuracy or completeness. The information in this Cash Country Service Listing does not constitute a recommendation to take or refrain from taking any action, and WorldLink is not providing any tax, legal or other advice. Citigroup and its affiliates accept no liability whatsoever for any use of this material or any action taken based on or arising from anything contained herein. The information in this Cash Country Service Listing is subject to change at any time according to changes in local law. WorldLink is not obligated to inform you of changes to local law. Citibank Europe plc (“Citibank Europe”) may, at its discretion, reasonably modify or amend this Cash Country Service Listing from time to time, which modification or amendment will become binding when your organization receives a copy of it. These materials are confidential and proprietary to Citigroup or its affiliates and no part of these materials should be reproduced, published in any form by any means, electronic or mechanical including photocopy or any information storage or retrieval system nor should the materials be disclosed to third parties without our express written authorization.
    [Show full text]
  • ANNUAL REPORT and Financial Statements
    2014 ANNUAL REPORT and Financial Statements Contents1 Board members and committees 2 Senior Management and Management Committees 4 Corporate information 6 Corporate governance statement 8 Director’s report 10 Statement of directors’ responsibilities 11 Report of the independent auditors 12 Statement of profit or loss and other comprehensive income 13 Statement of financial position 14 Statement of changes in equity 15 Statement of cash flows 16 Notes to the financial statements 17 Board Members and Committees 2 Directors Mr. Akif H. Butt Ms. Shiru Mwangi Non Executive Director Non Executive Director Christine Sabwa Mr. Robert Shibutse Non Executive Director Executive Director Mr. Martin Ernest Mr. Abdulali Kurji Non Executive Director Non Executive Director Mr. Sammy A. S. Itemere Ms. Jacqueline Hinga Managing Director Head-Governance & Company Secretary Mr. Dan Ameyo, MBS, OGW - Chairman of the Board Mr. Dan Ameyo serves as the Chairman of Equatorial Commercial Bank Limited. He is a practicing advocate and legal consultant on trade and integration law in Kenya and within the East African Community and COMESA region. Mr. Ameyo serves as Director of Mumias Sugar Company Limited. He is an advocate of the High Court of Kenya, a member of the Law Society of Kenya (LSK) and a Fellow of the Chartered Institute of Arbitrators in London. He served as a State Counsel in the Attorney General’s chambers. He also served as the Post Master General and Chief Executive Officer of Postal Corporation of Kenya. Mr. Ameyo holds a Bachelor of Laws (LL.B) (Hons) Degree from the University of Nairobi and a Master of Laws (LL.M) from Queen Mary, University of London.
    [Show full text]
  • THE KENYA GAZETTE Published by Authority of the Republic of Kenya (Registered As a Newspaper at the G.P.O.) Vol
    NATIONAL COUNCIL FOR LAW REPORTING LIBRARY THE KENYA GAZETTE Published by Authority of the Republic of Kenya (Registered as a Newspaper at the G.P.O.) Vol. CXXII —No. 78 NAIROBI, 30th April, 2020 Price Sh. 60 CONTENTS GAZETTE NOTICES PAGE PAGE The Land Registration Act—Issue of New Title Deeds 1810,1818 66—The Registered Land (Amendment) Rules, 2020.... 747 The Land Act—Construction of Thwake Multipurpose 67—The Government Lands (Fees) (Amendment) Dam 1810 Rules, 2020 748 The Legal Education Act—Passing of Examinations and 68—The Land Titles (Registration Fees) (Amendment) Pupilage 1811 Rules, 2020 ' 748 The Capital Markets Act 1811-1815 69—The Public APrneurement and Asset Disposal County Governments Notices 1816-1817 Regulations, 2020 749 The Crops Act—Proposed Grant of Tea Licences 1817 70 — The Public Order (State Curfew) (Extension) The Co-operatives Societies Act—Appointment of Order, 2020 869 Liquidator 1817 75—The Kenya Defence Forces (South Africa Visiting Disposal of Uncollected Goods 1818 Forces) Order, 2020 877 Change of Names 1818 SUPPLEMENT No. 55 SUPPLEMENT Nos. 44 and 45 Senate Bills, 2020 National Assembly Bills , 2020 PAGE PAGE The Pandemic Response and Management Bill, 2020 71 The Supplementary Appropriation Bill, 2020 211 The County Allocation of Revenue Bill, 2020 89 SUPPLEMENT Nos. 56 and 57 SUPPLEMENT Nos. 52,53,54,55,56 and 59 Acts, 2020 Legislative Supplements, 2020 PAGE LEGAL NOTICE No. PAGE The Tax Laws (Amendment) Act, 2020 13 65 — The Registration of Titles (Fees) (Amendment) Rules, 2020 747 The Division of Revenue Act, 2020 31 [1809 1810 THE KENYA GAZETTE 30th April, 2020 CORRIGENDA GAZETTE NOTICE NO.
    [Show full text]
  • Njuguna Ndung'u: Recent Financial Sector Performance in Kenya
    Njuguna Ndung’u: Recent financial sector performance in Kenya Remarks by Prof. Njuguna Ndung’u, Governor of the Central Bank of Kenya, on the occasion of the 50th anniversary celebrations for NIC Bank Limited, Nairobi, 18 November 2009. * * * Mr. James Ndegwa, Chairman of the Board of Directors of NIC Bank; Mr. James Macharia, Group Managing Director and Chief Executive Officer of NIC Bank; Board Members here present; Staff of NIC Bank; Distinguished Guests; Ladies and Gentlemen: I am delighted to be here this evening to join NIC Bank in celebrating fifty years of providing financial services to Kenyans. Today indeed marks yet another landmark event on NIC’s successful path. I am therefore grateful for the invitation to join this joyous occasion. Let me at this early juncture commend the Board, Management and Staff of NIC Bank for successfully serving Kenyans for the last 50 years. • I am informed that NIC Bank (formerly National Industrial Credit Bank Limited) was incorporated in Kenya on September 29, 1959 and started off as a non-bank financial institution providing hire purchase and instalment facilities. The institution became a public company in 1971 and was listed at the Nairobi Stock Exchange. In its quest to meet the growing customer needs in terms of diverse banking requirements, NIC Bank converted to a commercial bank and obtained its banking licence in 1995. In November 1997, the bank merged with African Mercantile Bank Limited (AmBank) which allowed the bank to enhance its position in the sector. Since then, the bank has grown significantly. • Currently the bank has 15 branches countrywide having opened two branches in Kisumu and Thika in the last one year while the Meru branch is scheduled to be opened before the end of this year.
    [Show full text]
  • G4S OFFICES 1 ABC Place Total Petrol Station 2 Airport JKIA Outside
    G4S OFFICES NAIROBI OFFICES 1 ABC Place Total petrol Station 2 Airport JKIA Outside Cargo Center 3 Nairobi Safari Club Nairobi Safari Club parking 4 Athiriver Chaster acade-Opp Athiriver Mining 5 Buruburu Buruburu Shoping centre -Next to Tuskys 6 Kampus Mall University Way Opp UNO 7 Afya center Oillibya petro station Opp Afya Center 8 Moi Avenue Moi Avenue Private packing next to Equity Bank 9 Koinange street Koinange street Private packing Opp Chai house 10 Standard Street Opp CBA Bank 11 Hilton Acade Hilton Acade-Office1 12 Hilton Acade Hilton Acade-Office2 13 Community Community Area Opp Ministry of Public Works 14 Karen Shell Petrol Station Opp Karen Police Station 15 Dagoreti Total petrol Station 16 Hurlingh Hurligurm at Kenol Petrol Station 17 Industrial Area Enterprise Road at Likoni Junction Total Petrol Station 18 Kiambu Diana House,First Floor Next to Fred Pharmacy 19 Kirinyaga Road Kirinyanga Road Opp Shell Petrol 20 Kitengela KENOL KOBIL PETROL STATION -PIZZA INN 21 Limuru Road Limuru Road Total Petrol Station next to Aga khan primary school 22 Embakasi Hub North Airport Road Opp Taj Mall 23 City Branch Mawa Court Opp Mburungar 24 Ngong Ngong Centre Opp Naivas Supermarket 25 Riverside Riverside drive -German Embassy 26 Rongai Kobil Petrol Station 27 UN-Gigiri Kobil Petrol Station Next to Java 28 Westlands Near the Mall At Shell Petrol station 29 Willson Airport Opp Shell petrol Station 30 Witu Rd Next to Toyota Ltd,DHL offices 31 Survey-Shell Chomazone Shell Petrol station Survey Thika Road 32 Thome Shell Petrol Station -Thika
    [Show full text]
  • 2 Giro Commercial Bank Ltd Was Acquired by I&M Bank Limited
    COMMERCIAL BANKS WEIGHTED AVERAGE LENDING RATES PER LOAN CATEGORY AND MATURITY (%) Loan Category PERSONAL BUSINESS CORPORATE OVERALL RATES Loan Maturity Overdraft 1-5 Years Over 5 years Overdraft 1-5 Years Over 5 years Overdraft 1-5 Years Over 5 years 1 1 1 1 1 1 1 1 1 1 Banks Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 Dec-16 Mar-171 Jun-171 1 Africa Banking Corporation Ltd 14.1 13.5 13.1 14.0 13.1 13.7 13.9 13.7 13.9 14.2 12.8 13.7 14.1 13.2 13.8 14.0 14.0 14.0 14.3 13.5 13.7 14.1 12.0 13.70 14.0 13.3 13.7 14.1 13.1 13.7 2 Bank of Africa Kenya Ltd 14.0 14.0 14.0 13.9 13.9 13.9 14.0 14.0 14.0 13.9 13.9 13.9 14.0 14.0 14.0 14.0 14.0 14.0 13.8 14.0 14.0 13.8 13.8 13.75 14.0 14.0 14.0 13.9 13.9 13.9 3 Bank of Baroda (K) Ltd 14.0 13.8 14.0 14.0 14.0 14.0 14.0 14.0 14.0 13.9 13.9 13.9 13.9 13.9 13.9 14.0 14.0 14.0 13.9 13.9 13.9 13.9 13.9 13.93 14.0 14.0 14.0 13.9 13.9 13.9 4 Bank of India 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.0 14.00 14.0 14.0 13.9 14.0 14.0 14.0 5 Barclays Bank of Kenya Ltd 14.0 14.0 13.5 14.0 14.0 14.0 14.0 14.0 14.0 13.8 13.4 13.5 14.0 13.8 13.9 13.8 13.4 13.7 13.7 13.6 12.7 13.4 13.3 13.33 13.6 13.4 13.5 13.8 13.7 13.8 6 Stanbic Bank Kenya Ltd 13.9 13.8 10.3 13.9 13.8 13.6 13.9 13.9 13.6 12.6 13.7 10.2 13.9 13.9 13.4 13.7 13.8 13.9 12.3 12.7 10.3 13.3 13.3 13.97 14.0 14.0 14.0 13.3 13.6
    [Show full text]
  • Money Transfer Systems: the Practice and Potential for Products in Kenya
    Shelter Afrique Building, Mamlaka Road MicroSave-Africa P.O. Box 76436, Nairobi, Kenya Tel: 254 2 2724801/2724806/2726397 An Initiative of Austria/CGAP/DFID/UNDP Fax: 254 2 2720133 Website: www.MicroSave-Africa.com Email: [email protected] PASSING THE BUCK Money Transfer Systems: The Practice and Potential for Products in Kenya Kamau Kabbucho, Cerstin Sander and Peter Mukwana May 2003 PASSING THE BUCK: Money Transfer Systems: The Practice and Potential for Products in Kenya i Kamau Kabbucho, Cerstin Sander and Peter Mukwana Table of Contents EXECUTIVE SUMMARY ............................................................................................................................................IV BACKGROUND ................................................................................................................................................................ IV SUMMARY OF FINDINGS ................................................................................................................................................. IV STRUCTURE OF THE REPORT........................................................................................................................................... VI INTRODUCTION ............................................................................................................................................................ 1 BACKGROUND AND OBJECTIVES ..................................................................................................................................... 1
    [Show full text]
  • Standard Chartered Credit Card Mobile Offers
    Standard Chartered Credit Card Mobile Offers Doubtless Broderick still chauffeur: adventurous and trunnioned Norton teeing quite incurably but tumbling her retinoscopy inconsonantly. Dividable Chane mother flexibly and greedily, she scraps her verification resaluted plaguy. Transvestic and unmarriageable Petr calendars some acre-foot so educationally! Focusing on mobiles, offering a real money video game is offered on products from any account on its key. Green Dot offers reloadable Mastercard and Visa prepaid cards 0 cash deposit s. Easy Payment Plans from top banks in UAE 3 6 9 & 12. Metabank Deposit Times Le Bufaline. Citibank Atm Limit. Standard Chartered Bank and Kotak Mahindra Bank permit no cost. This offer page you find mobile number error: it offers on mobiles, offering different products offered by the. Free and General Science & Technology for Civil. Keybank Atm Withdrawal MangiareMilanoit. Great credit card deals for buying the latest 5G smartphone. Standard Chartered Bank Korea SC. SC Mobile Nigeria Apps on Google Play. Apply online for Super Value Titanium Credit Card they earn 5 cashback on fuel spends phone. Once another client logs in to Standard Chartered Mobile App on your device. The dangers include running their debt this card payments carrying a balance and racking up interest charges using too much of your card themselves and applying for knowing many cards at once. Standard Chartered Mobile Banking App is protected with your user name and password or. Bank fullz. Standard Chartered Bank Offers Various credit cards Ultimate Credit Card Emirates World Credit Card Priority Visa Infinite Credit Card Manhattan Platinum. Please read further terms conditions thoroughly to spell the country Date Location.
    [Show full text]