Credit Bank

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Credit Bank
IndustryFinancial services
HeadquartersNairobi, Kenya
Key people
Simeon Nyachae
Betty Maritim Korir
Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncreaseAftertax:US$2.56 million (KES:256 million) (2018)[1]
Total assetsUS$178.28 million (KES:17.805 billion) (2018)[1]

Credit Bank Limited (CBL), commonly referred to as Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[2]


The bank is a medium-sized commercial bank in Kenya, East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale business-people. In September 2010, Credit Bank changed strategy and transformed into a retail bank, serving all segments of society and their businesses. As of December 2018, the bank's total assets were valued at approximately US$178.28 million (KES:17.805 billion), with shareholders' equity valued at US$28.67 million (KES:2.86 billion).[1]


The bank was founded in 1986, as a non-bank financial institution (NBFI); Credit Kenya Limited. In 1995, the institution was awarded a commercial banking license and it rebranded to Credit Bank Limited.[3]


As at January 2016, the shares of stock of Credit Bank are privately owned by corporate and individual investors.[4] In January 2016, Fountain Enterprises Programme Group (FEP) announced plans to acquire a controlling 75 per cent stake in Credit Bank for KSh4 billion (approx. US$40 million), pending approval of the Central Bank of Kenya.[5] As of June 2019, the major shareholders in the bank's stock were as depicted in the table below:[6]

Credit Bank Limited Stock Ownership
Rank Name of Owner Percentage Ownership
1 Nyachae’s Sansora Group
2 Sanama Investment
2 Ketan Morjaria
3 Jay Karia
4 Fountain Enterprises Programme Group (FEP)[7]
5 Others


The bank maintains networked branches at the following locations:[8]

  1. Main Branch - Mercantile House, Koinange Street, Nairobi
  2. Westland Branch - Empress Plaza, Ring Road, Westlands, Nairobi
  3. Industrial Area Branch - 53 Butere Road, Industrial Area, Nairobi
  4. Lavington Branch - Lavington Mall, James Gichuru Road, Lavington, Nairobi
  5. Kisumu Branch - Swan Centre, Oginga Odinga Road, Kisumu
  6. Kitengela Branch - 2nd Floor, Safari House, Namanga Road, Kitengela
  7. Nakuru Branch I - Giddo Plaza, Eldoret-Nakuru Highway, Nakuru
  8. Kisii Branch - Hospital Road, Kisii
  9. Mombasa Nkrumah Branch - Taiyebi House, Nkrumah Road, Mombasa
  10. Eldoret Branch - Zion Mall, Uganda Road, Eldoret
  11. Ongata Rongai Branch - Maasai Mall, Magadi Road, Ongata Rongai
  12. Machakos Branch - Mbolu-Malu Road, Machakos
  13. Thika Branch - Second Floor, Biashara Plaza, Mama Ngina Street, Thika
  14. Nyali Branch - Nyali Centre, Link Road, Nyali
  15. One Africa Branch - 2nd Floor, One Africa Place, Waiyaki Way, Westlands, Nairobi
  16. New Nairobi Branch - Nairobi[7]
  17. Meru Branch - Meru[7]
  18. Eldoret Branch - Kerio Valley Development Authority Building, Oloo Street, Eldoret[9]

See also[edit]


  1. ^ a b c Credit Bank (27 March 2019). "Audited Financial Statements And Other Disclosures For The Year Ended 31 December 2018" (PDF). Nairibi: Credit Bank. Retrieved 6 June 2019.
  2. ^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya. Retrieved 13 August 2014.
  3. ^ "History of Credit Bank Limited". Credit Bank Limited. Archived from the original on 13 August 2014. Retrieved 13 August 2014.
  4. ^ Gachiri, John (14 January 2016). "Investment firm FEP buys 5 per cent stake in Nyachae's Credit Bank". Business Daily Africa. Nairobi. Retrieved 15 January 2016.
  5. ^ Gachiri, John (18 January 2016). "FEP set to pay Sh4bn for controlling stake in Nyachae's Credit Bank". Business Daily Africa. Nairobi. Retrieved 19 January 2016.
  6. ^ a b c d e Victor Juma (6 June 2019). "Credit Bank In Sh2 Billion Cash Call For Expansion". Business Daily Africa. Nairobi. Retrieved 6 June 2019.
  7. ^ a b c Juma, Victor (16 August 2016). "FEP pays Sh107 million to buy stake in Nyachae majority-owned bank". Business Daily Africa. Nairobi. Retrieved 16 August 2016.
  8. ^ "The Branch Network of Credit Bank Limited". Credit Bank Limited. Retrieved 13 August 2014.
  9. ^ Dennis Lubanga (4 April 2019). "Credit Bank Eyes SMEs With Eldoret Outlet". Business Daily Africa. Nairobi. Retrieved 4 April 2019.

External links[edit]