How KCB has evolved over 120 and more years

This is how KCB has evolved since its inception, back in 1896. Start scrolling to explore.

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  • Voyage Into East Africa

     

    18631893After success in Pakistan, Burma, Ceylon and Aden, National Bank of India opens a new branch in India.

    18631890Zanzibar -which has close trading links with India- and Pemba Islands become British protectorates. All revenues are administered by British officers.

    18631866Process to turn the bank to a Sterling company commences. Some pioneers wanted a strictly Calcutta bank. Others wanted it to be an international institution.

    18631864The banks name is changed to National Bank of India. A new branch is opened in Bombay and a proposal sent to the directors to open a banking agency in London.

    18631863After a call to invest in a proposed bank – the Calcutta City Banking Corporation, it opens for business on the morning of November 16, 1863 at 1/1 Mission Row, Calcutta.

    18631904The bank opens a branch in Nairobi in a small tin shack with an increase in trade activity, such as the opening of Indian bazaar.

    18631896A branch of National Bank of India is opened in Mombasa owing to the thriving trade and The Imperial British East Africa Company opening new trading posts in the interior.

  • The Parsis, the Railway and the Journey to Nairobi

     

    18631908The bank gets into a profitable agreement with the Uganda Railway to become its sole banker while the railway gets guaranteed rates of interest on its provident fund monies.

  • The Early Currency Exchange Struggles

     

    18632015KCB Bank received an international credit rating from Moody’s and S&P rating agencies. B1 and B+ respectively and at par with the Kenya sovereign rating. Launch of KCB M-PESA, a mobile based account , offered exclusively to M-PESA customers. 5M accounts were opened during the year transacting over KES 259B. Launch of Representative office in Ethiopia

  • The Rise of the National and Grindlays

     

    18631962The bank opens more branches in Nairobi and upcountry in preparation for a new set of customers; Africans.

    18631961New branches are opened in Nairobi at Cargen House and in Karatina, replacing the temporary branch.

    18631957The bank announces that the merger with Grindlays Bank scheduled for January 1, 1958, to form National Overseas and Grindlays Bank Ltd.

  • The Kenyatta Years

     

    18631968The bank opens a new branch in Ukwala Siaya and appoints H.E. Odhiambo as the first manager.

  • Kenya Commercial Bank is Born

     

    18631977The bank opens a new headquarters and the country’s economy is thriving, recording a surplus of Sh2.2 billion after payments

    18631977KCB opens a new headquarters. The building today houses the Kenya National Archives.

    18631976KCB buys Kipande House, which had been put up in 1910 and gazette as a national monument, on condition that it makes no alterations.

    18631971President Kenyatta appoints former PS in the Ministry of Finance, John Michuki, as the chairman of the KCB board. The first general manager is P. B. Noble, the former Kenya manager of National and Grindlays Bank Ltd.

    18631972Savings and Loan Kenya Limited becomes a KCB subsidiary after it acquires all its shares, formerly owned by the Pearl Assurance Company.

    18631970In July the government signs deal to become a 60% shareholder, giving it a new name, Kenya Commercial Bank, with the motto ‘Being closer to the people’.

  • The Bank in the Moi Era

     

    18631987The bank opens a special services branch at Harambee Plaza and launches guaranteed cheques aimed at current account customers.

    18631985The bank launches a sports complex in Ruaraka, Nairobi. The bank also opens a new sub-branch in Sagana.

    18631984The bank holds its first management conference on banking in Eldoret town, attracting more than 80 banking officers.

  • The Consolidation Period

     

    18631999The bank incorporates automated teller machines (ATMs) to reduce congestion in banking halls and sets up a team to work on internet banking and e-commerce.

    18631995The bank successfully launches the internationally accepted KCB VISA Card and the locally circulating KCB VISA Card.

    18631989The bank sees a 41.5% increase in pre-tax profits amounting to Sh375 million and contributes Sh260 million in taxes and dividends to the exchequer while deposits reach Sh13.9 billion.

    18631988The bank offers an IPO. The bank also starts developing the New Runda Estate with the Staff Pension Fund and offers houses for sale.

  • Brand Change

     

    18632016KCB Launches sh50 billion 2jiajiri programme for youth employment

    18632007Terry Davidson retires and Martin Oduor-Otieno becomes his successor.

    18632005With this renewed confidence, KCB in August 2005entered into a partnership with Western Union that allowed the bank to offer the money transfer service in all its branches.

    18632003In April 2003, days ahead of the year’s AGM, the chairman of the bank, Benjamin Kipkulei announced his resignation. Kipkulei was replaced by Susan Mudhune.

    18632001KCB Chairman Peter Nyakiamo retires and is succeeded by Benjamin Kipkulei, a former diplomat who also served as chairman of the Kenya Revenue Authority.

    18632016KCB Group Plc was registered as a non-operating holding company to oversee all KCB regional units including KCB Bank Kenya, Tanzania, South Sudan, Uganda, Rwanda, Burundi and Ethiopia. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies.

    18632012KCB completed its Eastern African Regional presence with the opening of the KCB Bank Burundi and doubled its share price in the bourse surpassing the USD 1 Billion capital ratio and an impressive growth of 11% in its books

    18632006KCB opens a new branch in Southern Sudan, the world’s newest nation.

    18632003Gareth George is let go and replaced with Terry Davidson after he initiated an aggressive asset disposal programme that led him to sell Kencom House to the banks pension fund for Sh 1 billion.

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