World Library  
Flag as Inappropriate
Email this Article
 

Imperial Bank Limited

Imperial Bank Kenya
Type Private
Industry Financial Services
Founded 1993
Headquarters Nairobi, Kenya
Key people Alnashir Popat
Chairman
Abdulmalek Janmohamed
Managing Director & CEO
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$21.453 million (KES:1.854 billion) (2013)
Total assets US$497.7 million (KES:43 billion) (2013)
Website Homepage

Imperial Bank Limited, commonly known as Imperial Bank, is a commercial bank in Kenya, the largest economy in East Africa. It is one of the forty-three commercial banks licensed by the Central Bank of Kenya (CBK), the central bank and national banking regulator.[1]

Contents

  • Overview 1
  • History 2
  • Subsidiaries and Investments 3
  • Ownership 4
  • Branch network 5
  • Governance 6
  • See also 7
  • References 8
  • External links 9

Overview

The bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of December 2013, the bank's total asset base was valued at about US$498 million (KES:43 billion), with shareholders equity of approximately US$66.2 million (KES:5.719 billion).[2] At that time, Imperial Bank Limited was ranked the 19th largest Kenyan commercial bank, by assets, out of forty-three licensed banks in the country.[3]

History

Imperial Bank Limited was established in 1992 as a Finance and Securities Company. In 1996, the bank commenced commercial banking services, following the issuance of a banking license by the Central Bank of Kenya.[4] In January 2011, the bank, in partnership with Mukwano Group, a Ugandan business and manufacturing conglomerate, opened a subsidiary, Imperial Bank Uganda, with headquarters at 6 Hannington Road, on Nakasero Hill, in the center of Kampala's central business district.[5]

Subsidiaries and Investments

The companies that comprise the Imperial Bank include the following:[6]

  1. Imperial Bank Limited - Retail bankingRetail banking- Nairobi, Kenya - 100% Shareholding - A commercial bank in Kenya, serving individuals and businesses, focusing mainly on large corporations. This is the flagship company of the group.
  2. Imperial Bank (Uganda) Limited - Retail banking - Kampala, Uganda - 63.5% Shareholding - A commercial bank in Uganda.

Ownership

The stock of the bank is privately held. The detailed shareholding in Imperial Bank Limited is as follows:[7]

Shareholder Percentage held Notes
Imaran Investments Limited 14.0% Alnashir Popat, the Chairman, has a 50% interest in this company.
Abdumal Investments Limited 14.0% Anwar Hajee, Director, has a 50% interest in this company
Janco Investments Limited 13.5% Abdulmalek Janmohamed, the Managing Director, has a 50% interest in this company
Rex Motors Limited 12.5%
Kenblest Limed 12.5% Jinit Shah, Director, has a 50% interest in this company
Momentum Holdings Limited 12.5% Mukesh Kumar Patel, Director, has a 50% interest in this company
EA Motor Industries Limited 11.0% Vishnu Dhutia, Director, has a 50% interest in this company
Reynolds & Company Limited 10.0% Hanif Mohamed Amirali Somji, Director, has a 50% interest in this company
100.0%

Branch network

As of August 2014, the bank maintained a network of branches at the following locations:[8]

  1. Head Office - Imperial Court, Westlands Road, Westlands, Nairobi
  2. Westlands Branch - Imperial Court, Westlands Road, Westlands, Nairobi
  3. Upper Hill Branch - Bunyala Road, Upper Hill, Nairobi
  4. IPS Branch - IPS Building, 8th Floor, Kimathi Street, Nairobi
  5. Parklands Branch - Regal Plaza, Ground Floor, Limuru Road, 6th Avenue, Parklands, Nairobi
  6. Card Centre - Regal Plaza, Ground Floor, Limuru Road, Parklands, Nairobi
  7. Highridge Branch - Masari Road, Parklands, Nairobi
  8. Mombasa Branch - Imperial Bank Building, Kaunda Avenue, Mombasa
  9. Diani Branch - Beach Road Next to Collier Centre, Diani
  10. Karen Branch - 1st Floor, Cross Roads Mall, Karen, Nairobi
  11. Malindi Branch - Galana Centre, Lamu Road, Malindi
  12. Watamu Branch - Tourist Road, Watamu
  13. Thika Branch - Pushpa Plaza, Nkrumah Road, Thika
  14. Eldoret Branch I - Imperial Court, Nairobi Road, Eldoret
  15. Kilifi Branch - Kilifi Arcade, Biashara Street, Kilifi
  16. Industrial Area Branch - Bamburi Road, off Enterprise Road, Nairobi
  17. Village Market Branch - Village Market, Limuru Road, Gigiri
  18. Riverside Branch - Riverside Green Suite, 1st Floor, Riverside Drive, Nairobi
  19. Likoni Branch - Nova Holdings Complex, Nyerere Avenue, Mombasa
  20. Haile Selassie Branch - Blueroom Building, Haile Selassie Road, Mombasa
  21. Bamburi Branch - City Mall, 1st Floor, Bamburi, Mombasa
  22. Changamwe Branch - Rhino Properties Refinery Place, Mombasa
  23. Junction Branch - Junction Mall, Fourth Floor, Ngong Road, Nairobi
  24. Nakuru Branch - Ground Floor, Westside Mall, Nakuru
  25. Greenspan Branch - Manyanja Road, Off Outering Road, Nairobi
  26. Eldoret Branch II - Laboso House, Kenyatta Street, Eldoret
  27. Nyali Cinemax Branch - Nyali Cinemax, Mombasa.

Governance

Alnashir Popat, a non-executive director of the bank, serves as the Chairman of the seven-member board of directors. Abdulmalek Janmohamed is the chief executive officer of Imperial Bank Limited.[9]

See also

References

  1. ^ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies" (PDF).  
  2. ^ IBKL, . (2014). "Audited 31 December 2013 Financial Statement" (PDF). Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 
  3. ^ Bankalele, . (28 April 2014). "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. Retrieved 7 August 2014. 
  4. ^ IBKL, . "The History of Imperial Bank Limited". Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 
  5. ^ IBKL, . (January 2011). "Kenya's Imperial Bank Enters Uganda Market". WelcomeToKampala.Com. Retrieved 7 August 2014. 
  6. ^ "Imperial Bank Limited Annual Report and Financial Statements 2012". Imperial Bank Limited. December 31, 2012. p. 59. Retrieved October 8, 2014. 
  7. ^ IBKL, . (13 March 2013). "31 December 2012 Annual Report: Principal Shareholders" (PDF). Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 
  8. ^ IBG, . "The Branch Network of Imperial Bank Kenya Limited". Imperial Bank Group (IBG) Copyright © 2014 Imperial Bank Group. Retrieved 7 August 2014. 
  9. ^ IBKL, . "Imperial Bank Kenya Limited: The Board of Directors". Imperial Bank Kenya Limited (IBKL). Retrieved 7 August 2014. 

External links

  • Website of Imperial Bank Limited
  • Website of Central Bank of Kenya
  • Imperial Bank’s Expansion Pays Off
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.