Oriental Commercial Bank
Encyclopedia
Oriental Commercial Bank (OCB), whose full name is Oriental Commercial Bank Limited, is a commercial bank
in Kenya
. It is one of the forty-four (44) commercial banks licensed by the Central Bank of Kenya
, the national banking regulator. The bank was established in its present form in 2002, according to its website.
, East Africa
's largest economy. , the bank's total assets were valued at about US$47 million (KES:3.98 billion), with shareholders' equity of nearly US$14 million (KES:1.15 billion). In December 2010, the bank was ranked number thirty-nine (39), by assets, out of forty-three (43) licensed commercial banks in the country.
. Shanti Shah, one of the non-Executive Directors serves as the Chairman of the Board
. The Managing Director and Chief Executive Officer
is R.B. Singh
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 (44) commercial banks licensed by the Central Bank 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...
, the national banking regulator. The bank was established in its present form in 2002, according to its website.
Overview
OCB is a small retail bank in KenyaKenya
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...
, 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:...
's largest economy. , the bank's total assets were valued at about US$47 million (KES:3.98 billion), with shareholders' equity of nearly US$14 million (KES:1.15 billion). In December 2010, the bank was ranked number thirty-nine (39), by assets, out of forty-three (43) licensed commercial banks in the country.
Ownership
, Oriental Commercial Bank is a privately held company whose owners are not publicly known.Branch network
The bank maintains a network of branches at the following locations:- Nairobi Branch - Finance House, Koinange Street, NairobiNairobiNairobi 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...
- Manager: Rakesh Kashyap - Westlands Branch - Apollo Centre, Ring Road, WestlandsWestlandsWestlands is a neighborhood in the city of Nairobi, the capital and largest city in Kenya.-Location:Westlands is located , by road, northwest of the central business district of Nairobi...
, NairobiNairobiNairobi 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...
- Manager: Kishor Soni Main Branch - Nakuru Branch - AFC Building, Kijabe Row, NakuruNakuruNakuru, the provincial capital of Kenya's Rift Valley province, with roughly 300,000 inhabitants, and currently the fourth largest urban centre in the country, lies about 1850 m above sea level...
- Manager: Alphonse Gambo - Eldoret Branch - Muya House, Kenyatta Street, EldoretEldoretEldoret is a town in western Kenya and the administrative centre of Uasin Gishu District of Rift Valley Province. Lying south of the Cherangani Hills, the local elevation varies from about 2100 metres above sea level at the airport to more than 2700 metres in nearby areas...
- Manager: Vijayshree Jethwa - Kitale Branch - Robert Ouko Road, KitaleKitaleKitale is an agricultural town in western Kenya situated between Mount Elgon and the Cherengani Hills at an elevation of around . Its urban population was estimated at 220,000 in 2007....
- Manager: Johnson Muchira
Governance
The bank is governed by a six-person Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. Shanti Shah, one of the non-Executive Directors serves as the Chairman of the Board
Chairman of the Board
The Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
. The Managing Director and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
is R.B. Singh