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.
Website: https://creditbank.co.ke/
Overview
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).
History
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.
Ownership
As at January 2016, the shares of stock of Credit Bank are privately owned by corporate and individual investors. 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. As of June 2019, the major shareholders in the bank’s stock were as depicted in the table below:
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Nyachae’s Sansora Group | 14.96 |
| 2 | Sanama Investment | 14.34 |
| 2 | Ketan Morjaria | 9.88 |
| 3 | Jay Karia | 8.61 |
| 4 | Fountain Enterprises Programme Group (FEP) | 5.00 |
| 5 | Others | 47.21 |
| Total | 100.00 |
Branches
The bank maintains networked branches at the following locations:
- Main Branch – Mercantile House, Koinange Street, Nairobi
- Westland Branch – Empress Plaza, Ring Road, Westlands, Nairobi
- Industrial Area Branch – 53 Butere Road, Industrial Area, Nairobi
- Lavington Branch – Lavington Mall, James Gichuru Road, Lavington, Nairobi
- Kisumu Branch – Swan Centre, Oginga Odinga Road, Kisumu
- Kitengela Branch – 2nd Floor, Safari House, Namanga Road, Kitengela
- Nakuru Branch I – Giddo Plaza, Eldoret–Nakuru Highway, Nakuru
- Kisii Branch – Hospital Road, Kisii
- Mombasa Nkrumah Branch – Taiyebi House, Nkrumah Road, Mombasa
- Eldoret Branch – Zion Mall, Uganda Road, Eldoret
- Ongata Rongai Branch – Maasai Mall, Magadi Road, Ongata Rongai
- Machakos Branch – Mbolu-Malu Road, Machakos
- Thika Branch – Second Floor, Biashara Plaza, Mama Ngina Street, Thika
- Nyali Branch – Nyali Centre, Link Road, Nyali
- One Africa Branch – 2nd Floor, One Africa Place, Waiyaki Way, Westlands, Nairobi
- New Nairobi Branch – Nairobi
- Meru Branch – Meru
- Eldoret Branch – Kerio Valley Development Authority Building, Oloo Street, Eldoret
Credit Bank Branches in Kenya and Contacts
1. Credit Bank Head Office
Location: One Africa Place, Westlands, Nairobi
Contacts: +254 709 072 000 | +254 20 228 3000
2. Credit Bank Industrial Area Branch
Location: 53 Butere Road
Contact: 020 2283000
3. Credit Bank Koinange Branch
Location: Mercantile House, Koinange Street, Nairobi
Contact: 254 202 222 300
4. Credit Bank Westlands Branch
Location: Empress Suites, Ring Road, Parklands
Contact: 020 2222300
5. Credit Bank Ngong Road Branch
Location: Silkwood Suites, Ngong Road, Nairobi
Contact: +254 709 072 000, +254 20 228 3000
6. Credit Bank Lavington Branch
Location: Lavington Mall, James Gichuru Rd, 2nd Floor
Contacts: +254 709 072 000, +254 20 228 3000
7. Credit Bank Rongai Branch
Location: Maasai Mall, Magadi Road, Ongata Rongai
Contact: 020 2283000
8. Credit Bank Kitengela Branch
Location: Safari House, Namanga Rd, 2nd floor, Kitengala
Contact: 020 228 35 01
9. Credit Bank Thika Branch
Location: Pushpa Plaza on Kwame Nkrumah Road, Thika
Contact: 020 2283000
10. Credit Bank Machakos Branch
Location: Mbolo Malu Road, Machakos
Contacts: +254 709 072 000, +254 20 228 3000
11. Credit Bank Nakuru Branch
Location: Giddo Plaza, along Nakuru-Eldoret HighwayNakuru
Contact: 051 2214390
12. Credit Bank Meru Branch
Location: Stemuki Building, Meru
Contacts: +254 709 072 000, +254 20 228 3000
13. Credit Bank Eldoret Branch
Location: KVDA Plaza, Oloo Street, Eldoret
Contact: 020 2216700
14. Credit Bank Kisumu Branch
Location: Swan Centre, Oginga Odinga Rd, Kisumu
Contact: 057 2022162
15. Credit Bank Mombasa Town Branch
Location: Nkurumah Road, Mombasa
Contact: 0709 072508
16. Credit Bank Mombasa Nyali Branch
Location: Nyali Centre, Link Road, Nyali
Contact: 0716 856262
