Victoria Commercial Bank
Encyclopedia
Victoria Commercial Bank (VCB) is a Private Bank
in Kenya
. It is one of the forty-four (44) licensed commercial banks in the country.
, the national banking regulator, the company rebranded to Victoria Commercial Bank.
, East Africa
's largest economy. VCB focuses on serving large corporations and high net-worth clients. The bank also offers personal banking services to the employees of its corporate clients. , VCB was ranked number thirty-three (33), by assets, out of forty-three (43) licensed commercial banks in Kenya.
In the 2010 Banking survey (Financials 2009) the bank was positioned No.1 in terms of performance in the small banks category and 7th overall out of all the Banks in Kenya.
of Victoria Commercial Bank are privately held. The detailed shareholding in the bank is not publicly known as of December 2010.
, approximately 4 kilometres (2.5 mi), by road, west of the central business district
of Nairobi
, Kenya
's capital and largest city.
Website
http://www.victoriabank.co.ke/
Private bank
Private banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner with limited partner...
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) licensed commercial banks in the country.
History
Victoria Commercial Bank was established in 1987 as Victoria Finance Company, a non-bank finance institution (NBFI). In 1996, following the issuance of a banking license by the Central Bank of KenyaCentral 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 company rebranded to Victoria Commercial Bank.
Overview
The bank is a Tier 3 Private 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. VCB focuses on serving large corporations and high net-worth clients. The bank also offers personal banking services to the employees of its corporate clients. , VCB was ranked number thirty-three (33), by assets, out of forty-three (43) licensed commercial banks in Kenya.
In the 2010 Banking survey (Financials 2009) the bank was positioned No.1 in terms of performance in the small banks category and 7th overall out of all the Banks in Kenya.
Ownership
The shares of stockStock
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...
of Victoria Commercial Bank are privately held. The detailed shareholding in the bank is not publicly known as of December 2010.
Branches
, Victoria Commercial Bank maintains one branch located in Victoria Towers, on Kilimanjaro Avenue, Upper HillUpper Hill, Nairobi
Upper Hill is a neighborhood in the city of Nairobi, the capital and largest city in Kenya.-Location:Upper Hill is located by road west of the central business district of Nairobi...
, approximately 4 kilometres (2.5 mi), by road, west of the central business district
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...
of 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...
, 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...
's capital and largest city.
Website
http://www.victoriabank.co.ke/