National Bank of Kenya

National Bank of Kenya

Type	Public
Traded as	KN: NBK
Industry	Financial Services
Founded	1968
Headquarters	Nairobi, Kenya
Key people	Mohamed A. Hassan Chairman^[1] Wilfred Musau Acting Managing Director^[2]
Products	Loans, Savings, Checking, Investments, Debit Cards, Credit Cards
Revenue	Aftertax:US$11.6 million (KES:1.15 billion) (2015)^[2]
Total assets	US$1.07 billion (KES:92.5 billion) (2013)
Number of employees	1,079 (2014)^[3]
Website	Homepage

National Bank of Kenya (NBK), also known as National 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.^[4]

Overview

NBK is a large financial services provider in Kenya, serving individuals, small-to-medium companies and businesses (SMEs) and large corporations. Headquartered in Nairobi, the bank owns one subsidiary company: NatBank Trustee and Investment Services Limited. As of December 2013, National Bank of Kenya's asset base was valued at approximately US$1.07 billion (KES:92.5 billion), with shareholders' equity valued at about US$137.2 million (KES:11.85 billion).^[5] At that time, National Bank of Kenya was ranked number eleven, by assets, among the forty-three commercial banks licensed in the country then.^[6] The stock of National Bank of Kenya is listed on the Nairobi Stock Exchange, where it trades under the symbol: NBK.^[7]

History

The bank was established in 1968 as a 100% government-owned financial institution. In 1994, the Kenyan Government reduced its shareholding to 68% by selling 32% shareholding to the public. The government further divested from NBK over the years, until its present shareholding of 22.5%, as of August 2014.^[8] Following 12 years of poor financial performance, the bank became profitable again in 2010, paying out an annual dividend every year since.^[9]

Subsidiaries

The bank owns the following subsidiary companies in which it has 100% shareholding

Natbank Trustee and Investment Services Limited: Nairobi,
Kenya National Capital Corporation Limited: Nairobi,
NBK Insurance Agency Limited: Nairobi,

Ownership

As of December 2013, the stock of National Bank of Kenya is owned by the following corporate entities and individuals:^[10]

**National Bank of Kenya Stock Ownership**
Rank	Name of Owner	Percentage Ownership
1	National Social Security Fund (Kenya)	48.05
2	Kenya Ministry of Finance	22.50
3	NIC Custodial Services	0.41
4	Equity Nominee Limited:00084	0.37
5	Equity Nominee Limited:00111	0.34
6	Standard Chartered Nominees:9098AJ	0.34
7	Ephraim Mwangi Maina	0.33
8	Craysell Investments Limited	0.32
9	Jubilee Insurance Company of Kenya Limited	0.29
10	David Mwangi Ndegwa	0.25
11	Over 49,200 Other Investors	26.79
	Total	100.00

References

↑ NBK, . "National Bank of Kenya: The Board of Directors". National Bank of Kenya (NBK). Retrieved 6 August 2014.
1 2 Ngugi, Brian (25 April 2016). "National Bank of Kenya confirms sacking of former CEO". Business Daily Africa. Nairobi. Retrieved 25 April 2016.
↑ Munda, Constant (27 March 2014). "Kenya: National Bank to Shed Off Staff to Reduce Wage Bill". The Star (Nairobi). Retrieved 6 August 2014.
↑ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 6 August 2014.
↑ NBK, . "Abridged, Audited 31 December 2013 Financial Statement" (PDF). National Bank of Kenya (NBK). Retrieved 6 August 2014.
↑ Bankelele, . (28 April 2014). "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. Retrieved 6 August 2014.
↑ NSE, . "Nairobi Securities Exchange: Listed Companies". Nairobi Securities Exchange (NSE). Retrieved 6 August 2014.
↑ NBK, . "History of National Bank of Kenya". National Bank of Kenya (NBK). Retrieved 6 August 2014.
↑ Munda, Constant (28 March 2014). "National Bank of Kenya Shareholders Receive Dividend Raise". The Star (Nairobi). Retrieved 6 August 2014.
↑ NBK, . (March 2014). "National Bank of Kenya Audited 31 December 2013 Annual Report: List of 10 Largest Shareholders" (PDF). National Bank of Kenya (NBK). Retrieved 6 August 2014.

External links

Banks of Kenya

Central bank	Central Bank of Kenya

Commercial bank	African Banking Corporation Bank of Africa Barclays Bank Bank of Baroda Bank of India Stanbic Bank Chase Bank Citibank NA Kenya Commercial Bank of Africa Consolidated Bank of Kenya Cooperative Bank of Kenya Credit Bank Development Bank of Kenya Diamond Trust Bank East African Development Bank Ecobank Kenya Equity Bank Family Bank FidelityBank First Community Bank Giro Commercial Bank Guaranty Trust Bank (Kenya) Guardian Bank Gulf African Bank Habib Bank Habib Bank AG Zurich Housing Finance Company of Kenya I&M Bank Limited Imperial Bank Limited Jamii Bora Bank Kenya Commercial Bank Middle East Bank Kenya M-Oriental Bank National Bank of Kenya NIC Bank Paramount Universal Bank Post Bank Prime bank Sidian Bank Spire Bank Standard Chartered Kenya Trans National Bank Kenya United Bank for Africa Victoria Commercial Bank

Financial services organization	Diamond Trust Bank Group Equity Group Holdings Limited Commercial Bank of Africa Group Guaranty Trust Bank (East Africa) I&M Bank Group Kenya Commercial Bank Group NIC Bank Group

Foreign banks	Bank of China Bank of Kigali HDFC Bank Nedbank The Hongkong and Shanghai Banking Corporation First Rand

Defunct banks	Dubai Bank Kenya Euro Bank

Microfinance Institutions	Faulu Microfinance Bank Limited SMEP Microfinance Bank Kenya Women Microfinance Bank

Related Topics	Automated Teller Machine (ATM) ATM usage fees De-Materialisation (DEMAT) Foreign Exchange (FOREX) Financial Services Real Time Gross Settlement (RTGS) National Electronic Fund Transfer (NEFT) Structured Financial Messaging System (SFMS)

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