ABIS 2019 Post Event Report
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Spread in Branch Network and Financial Performance of Commercial Banks in Kenya?
SPREAD IN BRANCH NETWORK AND FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN KENYA SIMEON NYATIKA A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLEMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER DEGREE OF BUSINESS ADMINISTRATION, SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI NOVEMBER 2017 i DECLARATION This research project is my original work and has not been submitted for examination in any other university or institution of higher learning for any academic award of credit. Signed …………………………….. Date……………………… SIMEON NYATIKA This research project has been submitted for examination with my approval as the University Supervisor Signed …………………………….. Date……………………… MR. JOAB OOKO Lecturer Department of Finance and Accounting School of Business, University of Nairobi ii ACKNOWLEDGEMENT I wish to thank a number of individuals and groups who made this project to come true. My sincere appreciation goes to my supervisors, Dr. Nixon Omoro, Mr. Joab Ooko and Dr. Luther Otieno for their guidance and professional advice throughout the research process. Secondly, I wish to thank the School of Business, University of Nairobi for their support and providing me with a conducive environment to pursue this research project. To my parents, Mr. and Mrs. Isaiah Nyatika, thank you for instilling values of discipline and hard work and your encouragement for me to pursue my studies. Last but not least, I want to thank the almighty God for giving me good health during my study period. iii DEDICATION I dedicate this project to my supportive wife, Roselyne Nyamongo who stood by me towards the completion of the research project, my beloved daughter, Joy Monyangi Rioba who is my source of motivation to accomplish my dream. -
KDIC Annual Report 2012
Annual Report & Accounts th For Annualthe Year Report ended &3 0Accounts June 20 12 th For the Year ended 30 June 2012 Deposit Protection DepositFund Protection Board i Fund Board i Vision To be a best-practice deposit insurance scheme Mission The Year under Review under Year The Corporate Social Responsibility Social Corporate To promote and contribute to public confidence in the stability of the nation’s 23iii 12 12 financial system by providing a sound safety net for depositors of member institutions. Strategic Objectives • Promote an effective and efficient deposit insurance scheme • Enhance operational efficiency • Promote best practice Strategic Pillars • Strong supervision and regulation • Public confidence • Prompt problem resolutions • Public awareness • Effective coordination Corporate Values • Integrity • Professionalism • Team work • Transparency and accountability • Rule of Law Corporate Information The Year under Review under Year The Corporate Social Responsibility Social Corporate 12iv 23 Deposit Protection Fund Board CBK Pension House Harambee Avenue PO Box 45983 - 00100 Nairobi, Kenya Tel: +254 – 20 - 2861000 , 2863841 Fax: +254 – 20 - 2211122 Email : [email protected] Website: www.centralbank.go.ke Bankers Central Bank of Kenya, Nairobi Haile Selassie Avenue PO Box 60000 - 00200 Nairobi Auditors KPMG Kenya 16th Floor, Lonrho House Standard Street PO Box 40612 - 00100 Nairobi Table of Contents Statement from the Chairman of the Board..................................................................................6 -
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. -
Commercial Banks Directory As at 30Th April 2006
DIRECTORY OF COMMERCIAL BANKS AND MORTGAGE FINANCE COMPANIES A: COMMERCIAL BANKS African Banking Corporation Ltd. Postal Address: P.O Box 46452-00100, Nairobi Telephone: +254-20- 4263000, 2223922, 22251540/1, 217856/7/8. Fax: +254-20-2222437 Email: [email protected] Website: http://www.abcthebank.com Physical Address: ABC Bank House, Mezzanine Floor, Koinange Street. Date Licensed: 5/1/1984 Peer Group: Small Branches: 10 Bank of Africa Kenya Ltd. Postal Address: P. O. Box 69562-00400 Nairobi Telephone: +254-20- 3275000, 2211175, 3275200 Fax: +254-20-2211477 Email: [email protected] Website: www.boakenya.com Physical Address: Re-Insurance Plaza, Ground Floor, Taifa Rd. Date Licenced: 1980 Peer Group: Medium Branches: 18 Bank of Baroda (K) Ltd. Postal Address: P. O Box 30033 – 00100 Nairobi Telephone: +254-20-2248402/12, 2226416, 2220575, 2227869 Fax: +254-20-316070 Email: [email protected] Website: www.bankofbarodakenya.com Physical Address: Baroda House, Koinange Street Date Licenced: 7/1/1953 Peer Group: Medium Branches: 11 Bank of India Postal Address: P. O. Box 30246 - 00100 Nairobi Telephone: +254-20-2221414 /5 /6 /7, 0734636737, 0720306707 Fax: +254-20-2221417 Email: [email protected] Website: www.bankofindia.com Physical Address: Bank of India Building, Kenyatta Avenue. Date Licenced: 6/5/1953 Peer Group: Medium Branches: 5 1 Barclays Bank of Kenya Ltd. Postal Address: P. O. Box 30120 – 00100, Nairobi Telephone: +254-20- 3267000, 313365/9, 2241264-9, 313405, Fax: +254-20-2213915 Email: [email protected] Website: www.barclayskenya.co.ke Physical Address: Barclays Plaza, Loita Street. Date Licenced: 6/5/1953 Peer Group: Large Branches: 103 , Sales Centers - 12 CFC Stanbic Bank Ltd. -
Effect of Increasing Core Capital on the Kenyan Banking Sector Performance
Strathmore University SU+ @ Strathmore University Library Electronic Theses and Dissertations 2018 Effect of increasing core capital on the Kenyan banking sector performance Anne W. Mwangi Strathmore Business School (SBS) Strathmore University Follow this and additional works at https://su-plus.strathmore.edu/handle/11071/5971 Recommended Citation Mwangi, A. W. (2018). Effect of increasing core capital on the Kenyan banking sector performance (Thesis). Strathmore University. Retrieved from http://su- plus.strathmore.edu/handle/11071/5971 This Thesis - Open Access is brought to you for free and open access by DSpace @Strathmore University. It has been accepted for inclusion in Electronic Theses and Dissertations by an authorized administrator of DSpace @Strathmore University. For more information, please contact [email protected] EFFECT OF INCREASING CORE CAPITAL ON THE KENYAN BANKING SECTOR PERFORMANCE MWANGI ANNE WANGUI – MBA/6971/15 Submitted in Partial Fulfilment of the Requirements for the Master of Business Administration at the Strathmore Business School Strathmore Business School Nairobi, Kenya 2018 This thesis is available for Library use on the understanding that it is copyright material and that no quotation from the thesis may be published without proper acknowledgement. i DECLARATION I declare that this work has not been previously submitted and approved for the award of a degree by this or any other University. To the best of my knowledge and belief, the report contains no material previously published or written by another person except where due reference is made in the thesis itself. No part of this thesis may be reproduced without the permission of the author and Strathmore University. -
It Runs in the Family
TRENDS INTEL INDUSTRY REGION PURSUITS SUSTAINABLE BANKING STAWI PENSION EAST AFRICA TRAVEL GEMS NOT FOR SALE NOT Corporate Magazine | October2020 - January, 2021 A society in business It runs in Making Mulleys the Family Things cannot Secrets of building a great just fall family business into place Also in this issue, updates on the COVID 19 vaccine and how Biden will approach Africa The Ultimate Trade Finance Solutions 18 How Biden will approach Africa Biden has promised to “bring Our services include: to the presidency decades of • Pre-Shipment Finance/Pre-Export Finance foreign policy experience and a • LPO Financing/Supply Chain Financing demonstarted committment to Africa.” • Bills/Invoice Discounting Facilities • Stock Financing Facilities • Documentary Collections • Bank Guarantees/Bonds • Post-Import Finance 6 • Letters of Credit KCB bags major green finance deal CONTACT US TODAY: The bank is the first lender in Kenya and private sector entity Call: 0711 087 000 or 0732 187 000 to receive this accreditation Email: [email protected] cementing the sustainability Web: www.kcbgroup.com thought leadership efforts within the Group 44 Side-stepping the common pitfalls of family businesses The challenges of family businesses can be summed up to governance and succession 10 First annuity road paves way for more The road construction contract 12 was awarded to Intex Raf Construction Company at a cost Will Africa get the short end of the vaccine stick again? of KShs8 billion and financed by Kenya among countries in which trials -
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. -
Embers of Fire Emblem of Hope
ReachReach OutOut Issue No. 34 January-March 2009 Quarterly Publication of Kenya Red Cross Society Embers of Fire Emblem of Hope Drought in Kenya Reach Out Newsletter Issue No. 34 January-March 2009 1 Contents 22 Psychosocial Support Turning despair to hope 21 Goodwill Ambassador Norika Fujiwara Visits Kenya 6 Drought in Kenya Millions face starvation 4 General Assembly Kenya to host global conference 26 ELGON PEACE RUN 6 Fire Tragedies A winner. A heifer for peace From embers of Nakumatt and Sachangwan 27 HIV/AIDS in Prison Red Cross interventions 29 Unsung Heroes & Heroines Angels of Hope 30 Profi le Celebrating service to humanity About the Kenya Red Cross Society The Kenya Red Cross Society (KRCS) is a humanitarian relief • Human Capital and Organisational Development: Includes organisation created in 1965 through an Act of Parliament, Youth and Volunteer Development, Human Resource, Cap 256 of the Laws of Kenya. As a voluntary organisation, the Information and Communication Technology and Society operates through a network of 62 Branches spread Dissemination. throughout the country. The Society is a member of the • Supply Chain: Includes Business Development, International Red Cross and Red Crescent Procurement, Warehousing and Logistics. Movement, the largest humanitarian relief Movement • Finance and Administration: Includes Finance and represented in 185 countries worldwide. Administration. VISION: To be the leading humanitarian organisation in The Offi ce of the Secretary General supervises the Deputy Kenya, self-sustaining, delivering excellent quality service Secretary General, Public Relations, Internal Audit and of preventing and alleviating human suff ering to the most Security. vulnerable in the community. Acknowledgments MISSION: To build capacity and respond with vigour, The Kenya Red Cross appreciates all the donors that have compassion and empathy to those aff ected by disaster and at made the production of this Reach Out possible. -
Hy 2020 Results
HY 2020 RESULTS 1 CUSTOMERS 24.6 MILLION OUR REGIONAL PRESENCE 359 BRANCHES 1,082 ATMS, Banking Businesses: 23,192 AGENTS & MERCHANTS •KCB Bank Kenya •KCB Bank Tanzania STAFF •KCB Bank South Sudan 7,814 •KCB Bank Rwanda •KCB Bank Uganda •KCB Bank Burundi KCB BANK KENYA (ETHIOPIA •National Bank of Kenya KCB BANK REPRESENTATIVE •Ethiopia Rep. Office SOUTH SUDAN OFFICE ) KCB BANK KENYA Other Investments: KCB BANK NATIONAL BANK OF KENYA UGANDA • KCB Capital Limited KCB INSURANCE AGENCY KCB FOUNDATION • KCB Insurance Agency KCB CAPITAL KCB BANK • KCB Foundation RWANDA • Kencom House Limited KCB BANK KCB BANK BURUNDI TANZANIA 2 OUR FOOTPRINT Branches 12 Ethiopia South ATMs 3 Sudan Agents 42 (Representative Office Staff 118 with 1 staff) Touch Points: Branches 15 Uganda ATMs 18 Agents 530 Branches 300 Staff 271 ATMs 357 Kenya Agents 13,412 Branches 12 Staff 6,774 ATMs 25 Rwanda Agents 415 Staff 249 Branches 14 ATMs 15 Branches 6 Tanzania Agents 172 ATMs 7 Staff 274 Burundi Agents 185 Staff 127 3 CREDIT RATINGS RATING AGENCY SOVEREIGN KCB BANK KENYA Credit Ratings at par with the Sovereign Rating B2 (Negative) B2 (Negative) B+/B B+/B (Negative) (Negative) 4 KCB 2JIAJIRI 2JIAJIRI BENEFICIARIES AGRIBUSINESS PROGRAMME 19,080 PER SECTOR BUILDING AND HIGHLIGHTS CONSTRUCTION BEAUTY AND 9,910 PERSONAL CARE AUTOMOTIVE 3,480 ENGINEERING 2,083 FUTURE OF 2JIAJIRI DOMESTIC Catalyze job and wealth SERVICES creation for at least 1,638 36,706 2,000,000 ICT youth engaged in the informal BENEFICIARIES TO 515 DATE sector within Eastern Africa 5-year investment of over KShs 50 billion Male : Female Ratio to nurture and grow youthful and Kenya 35,949 SME entrepreneurs Tanzania ‘Young Africa Works’ 54:46 357 Rwanda KShs 10 billion funding 300 from the MasterCard Foundation Uganda to scale up the Bank’s 2jiajiri job 100 creation programme 5 KCB FOUNDATION Peter Kanyi, Owner, D-DEKX Autocare, Nairobi CASE STUDIES • Studied mechanical and electrical engineering at Eastlands College of Technology under 2jiajiri. -
KDIC Annual Report 2018
ANNUAL REPORT 2017 - 2018 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED JUNE 30, 2018 Prepared in accordance with the Accrual Basis of Accounting Method under the International Financial Reporting Standards (IFRS) CONTENTS Key Entity Information..........................................................................................................1 Directors and statutory information......................................................................................3 Statement from the Board of Directors.................................................................................11 Report of the Chief Executive Officer...................................................................................12 Corporate Governance statement........................................................................................15 Management Discussion and Analysis..................................................................................19 Corporate Social Responsibility...........................................................................................27 Report of the Directors.......................................................................................................29 Statement of Directors' Responsibilities................................................................................30 Independent Auditors' Report.............................................................................................31 Financial Statements: Statement of Profit or Loss and other Comprehensive Income...................................35 -
General Terms & Conditions Form
General Terms & Conditions Form The relationship between the Bank and the Customer depends upon whether the Customer’s Account is in debit or in credit. Subject to any agreement made in writing between the Bank and the Customer, the relationship between the Bank and the Customer will be governed by the following terms and conditions (the “Terms and Conditions”): 1. DEFINITIONS AND TERMS 5. CUSTOMER’S INSTRUCTIONS • “Account” means any type of account and (including without limitation) in relation • the Bank shall only act on Customer’s original signed instructions or documents drawn to any advance, deposit, contract, product, dealing or service established and operated or accepted in accordance with the Mandate until such time as the Customer shall between the Bank and the Customer; give the Bank written notice to the contrary; • “Available Balance” means the amount (excluding any unconfirmed credit) in the • Instructions received after Banking Hours or on a non-Business Day will be processed Account, which can be drawn by the Customer; on the next Business Day. The customer may cancel instructions which the Bank has • “Application Form” means the Customer or in relation to the Customer in respect to the confirmed in writing that have not been acted upon. This will not be applicable where opening of an Account; the Bank is irrevocably bound to process the transaction in question. The Bank is • “Authorized Signatory” means the Customer or in relation to the Customer any entitled to levy a charge for cancelling instructions; person(s) authorized as specified in writing by the Customer to operate the Account on • the Bank may, subject to certain requirements and upon prior written request from the Customer’s behalf; the Customer, act upon telephonic facsimile, electronic or other forms of non-written • “Bank” means Spire Bank Limited, incorporated in Kenya as a limited liability company communication. -
M-Oriental Bank Limited V Commissioner of Domestic Taxes
REPUBLIC OF KENYA IN THE TAX APPEALS TRIBUNAL APPEAL NO.8 OF 2017 M-ORIENTAL BANK L1MITED APPELLANT VS THE COMMISSIONER OF DOMESTIC TAXES. RESPONDENT JUDGEMENT BACKGROUND: 1. The Appellant M-Qriental Bank Limited Oriental 'it-- Commercial Bank Ltd), is a li~ited [ability company incorporated in Kenya under Companie ct, Ca / ~ws of Kenya, licensed under The Banking Act Lawssof Kenya and registered by The Kenya ? Revenue Authority as a tax payer, PIN number P0006056 74D. 2. :rlje Resl?~ndent is the PrinciJl g'ent of the Government of Kenya in ''1 ~~ ,I'" Charge of'collection of revenue and ensuring compliance with the Tax Laws and is established by Section 3 of the Kenya Revenue Authority ~ >Nlf/ Act, Cap 469. ' , CAUSE OF ACTION: 3. The Respondent carried out an audit of the Appellant's records for the period 2014 to 2016 and issued an assessment for Capital Gains Tax (CGT) on 26th September 2016. The Appellant objected through a Notice of Objection dated 10th October 2016 and received by the Respondent on the following day. After an exchange of Judgement Appeal No.8 of 2017 eM-Oriental Bank Limited) Page 1 correspondence and further discussions, the Respondent issued an Objection Decision by way of a Confirmed Assessment dated 6th December 2016. 4. The Appellant being dissatisfied with the Objection Decision filed a Notice of Appeal dated 5th January 2017 with this Tribunal and served the same upon the Respondent on the same day. The Objection Decision was for CGT amounting together with penalties and interest am ,unted to Kshs.26,000,364.20.