KCB Group Plc - Company Profile
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KCB Group Plc (KCB Group), formerly known as Kenya Commercial Bank is a non-operating holding company. Through its subsidiaries, KCB Group offers a wide range of banking, insurance, and other financial products and services. Its banking portfolio comprises savings, transaction, and current accounts; credit, debit, and prepaid cards; home loans, mortgages, treasury bills and bonds, secured and unsecured loans, micro and corporate loans, asset and trade financing, and personal loans, among others. As part of its related financial services, the company provides investment banking, trading, foreign exchange, financial advisory and brokerage services, and life and non-life insurance. KCB Group also offers internet, institutional, mobile banking; cash management, capital management, custodian services, foreign exchange, and money market services. The bank operates through a network of branches and automated teller machines across Kenya, Tanzania, Ethiopia, South Sudan, Burundi, Uganda, and Rwanda. KCB Group is headquartered in Nairobi, Kenya.
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Products and Services
Products | Services |
---|---|
Accounts and Deposits: | Treasury |
Savings | Cash Management |
Current | Custody |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Plans/Strategy | In March, the company announced its plans to sell the National Bank of Kenya. |
2023 | Contracts/Agreements | In July, the company along with Access Bank Group, Ecobank Group, Standard Bank Group, and UBA Group entered into a memorandum of understanding to boost more effective settlement of cross-border transactions. |
2023 | Contracts/Agreements | In June, the company and Visa partnered to offer contactless payments powered by NFC. |
Competitor Comparison
Key Parameters | KCB Group Plc | Ecobank Transnational Inc | Absa Bank Kenya PLC | Diamond Trust Bank Kenya Ltd | Standard Chartered Bank Kenya Ltd |
---|---|---|---|---|---|
Headquarters | Kenya | Togo | Kenya | Kenya | Kenya |
City | Nairobi | Lome | Nairobi | Nairobi | Nairobi |
State/Province | - | - | - | Nairobi | Nairobi |
No. of Employees | 11,098 | 13,175 | 2,070 | 2,538 | 1,061 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Andrew W. Kairu | Chairman | Executive Board | 2018 | 65 |
Paul Russo | Director; Chief Executive Officer | Executive Board | 2022 | 47 |
John Mukulu | Chief Risk Officer | Senior Management | - | - |
Lawrence Kimathi Kiambi | Director - Group Finance | Non Executive Board | 2015 | 53 |
Leonard T. Mwithiga | Director - Group Shared Services | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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