Consolidated Bank of Kenya, commonly known as Consolidated Bank, is a commercial bank

Commercial bank

After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...

 in Kenya

Kenya

Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...

. It is one of the forty four (42) licensed commercial banks in the East Africa

East Africa

East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...

n country.

Overview

Consolidated Bank is a medium-sized financial services provider in Kenya

Kenya

Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...

, focusing on meeting the banking needs of small and medium-sized enterprises in the country. , the total asset valuation of the bank was approximately US$120.7 million (KES:10.4 billion), with a loan book of approximately US$70 million (KES:6 billion).

History

The bank was incorporated in 1989, as a result of the merger of nine (9) insolvent financial institutions. Consolidated Bank aims to meet the banking needs of both individuals and institutions.

Ownership

The bank is 100% owned by the Government of Kenya. 51% shareholding is by the Treasury Department

Central Bank of Kenya

The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. The current governor of the bank is Professor Njuguna Ndungu whose appointment took effect from March 4, 2007...

, while the remaining 49% is owned by twenty five (25) Kenyan parastatal organizations. The bank's stock

Stock

The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

 is owned by the following subsidiaries of the Government of Kenya

{| style="font-size:100%;"
|-
| width="100%" align="center" | Consolidated Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Treasury Department of Kenya

Central Bank of Kenya

The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. The current governor of the bank is Professor Njuguna Ndungu whose appointment took effect from March 4, 2007...

||51.00
|-
|2||25 Kenya Government Parastatals||49.00
|-
| ||Total||100.00
|-
|}

Branch Network

As of August 2010, Consolidated Bank maintains twelve (12) branches in urban areas of Kenya. Three more branches are planned for opening in 2010 The locations of the bank's branches include:

1. Head Office - Koinange Street, Nairobi
   Nairobi
   Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
   
   
2. Harambee Avenue Branch - Harambee Avenue, Nairobi
3. Umoja Branch - Sony House, Kangundo Road, Nairobi
4. Mombasa Branch - Nkrumah Road, Mombasa
   Mombasa
   Mombasa is the second-largest city in Kenya. Lying next to the Indian Ocean, it has a major port and an international airport. The city also serves as the centre of the coastal tourism industry....
   
   
5. Thika Branch - Witeithie House, Nkrumah Road, Thika
   Thika
   Thika is an industrial town in Central Province, Kenya, lying on the A2 road 40 km north east of Nairobi, near the confluence of Thika River & Chania River. Thika has a population of 200,000and is growing rapidly, as is the entire greater Nairobi area...
   
   
6. Nyeri Branch - Konahauthi House, Nyeri
   Nyeri
   Nyeri is a town in situated in the Central Highlands of Kenya Kenya, which was the administrative headquarters of the country's former Central Province...
   
   
7. Embu Branch - Embu
   Embu, Kenya
   Embu is a town located approximately northeast of Nairobi towards Mount Kenya. Embu serves as the provincial headquarters of Eastern Province in Kenya and is also the district headquarters of Embu District. Located on the southeastern slopes of Mount Kenya, the town of Embu has a population of...
   
   
8. Isiolo Branch - Isiolo
   Isiolo
   Isiolo is a town in the Eastern Province, Kenya. It is situated in the Upper Eastern sub-region, and lies 285 kilometres north of Nairobi, the capital city of Kenya. The town grew around the local military camps, much of the population being descended from former Somali soldiers who had fought in...
   
   
9. Maua Branch - Maua
   Maua
   Maua is a town in the Eastern Province of Kenya. It is the capital of Meru North District . Maua hosts a municipal council and headquarters Igembe Central, one of 15 administrative divisions in the district....
   
   
10. Meru Branch - Meru
    Meru, Kenya
    -Transport:The City of Meru is linked to Nairobi by a paved road, whether from the south around the east side of Mount Kenya, via Embu, or from the northwest around the west and north side of Mount Kenya, via Nanyuki and Timau....
    
    
11. Muranga Branch - Muranga
12. Laare Branch - Maua
    Maua
    Maua is a town in the Eastern Province of Kenya. It is the capital of Meru North District . Maua hosts a municipal council and headquarters Igembe Central, one of 15 administrative divisions in the district....