KCB Group

KCB Group is a leading financial services holding company based in Nairobi, Kenya, with subsidiaries across the African Great Lakes region. As of June 2023, the Group had assets of US$12.84 billion (KSh:1.86 trillion) and shareholders’ equity of US$1.5 billion (KSh:US$218 billion).

History

• Originated from the National Bank of India (NBI) which opened a branch in Mombasa in 1896
• Merged with Grindlays Bank in 1958 to form the National and Grindlays Bank (NGB)
• Acquired by the Kenyan government in 1970 and renamed Kenya Commercial Bank (KCB)
• Acquired Savings & Loan Kenya Limited in 1972, which specialized in mortgage finance
• 20% of government shares sold through an IPO on the Nairobi Securities Exchange in 1988
• Incorporated as a non-operating holding company in 2015 to comply with Kenyan regulations

Products and Services

• Banking services: savings, current, and XYZ accounts; credit, debit, and prepaid cards; loans; treasury bills and bonds; asset and trade financing
• Related financial services: investment banking, trading, foreign exchange, financial advisory and brokerage services, life and non-life insurance
• Internet, institutional, and mobile banking; cash management, capital management, custodian services, foreign exchange, and money market services

Subsidiaries

• KCB Bank Kenya Limited
• KCB Bank Burundi Limited
• KCB Bank Rwanda Limited
• KCB Bank South Sudan Limited
• KCB Bank Tanzania Limited
• KCB TMB Congo
• KCB Bank Uganda Limited

Leadership

• Andrew W. Kairu: Chairman
• Paul Russo: Director and Chief Executive Officer
• John Mukulu: Chief Risk Officer
• Lawrence Kimathi Kiambi: Director – Group Finance
• Japheth Achola: Director – Human Resource

KCB Group is committed to sustainable long-term success through its focus on the 3Ps: Planet, People, and Profit. The Group aims to attract, nurture, develop, and retain top talent in the industry.