Betty Maritim Korir
|Products||Loans, Checking, Savings, Investments, Debit Cards|
|Revenue||Aftertax:US$2.56 million (KES:256 million) (2018)|
|Total assets||US$178.28 million (KES:17.805 billion) (2018)|
Credit Bank Limited (CBL), commonly referred to as Credit 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.
The bank is a medium-sized commercial bank in Kenya, East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale business-people. In September 2010, Credit Bank changed strategy and transformed into a retail bank, serving all segments of society and their businesses. As of December 2018[update], the bank's total assets were valued at approximately US$178.28 million (KES:17.805 billion), with shareholders' equity valued at US$28.67 million (KES:2.86 billion).
The bank was founded in 1986, as a non-bank financial institution (NBFI); Credit Kenya Limited. In 1995, the institution was awarded a commercial banking license and it rebranded to Credit Bank Limited.
As at January 2016, the shares of stock of Credit Bank are privately owned by corporate and individual investors. In January 2016, Fountain Enterprises Programme Group (FEP) announced plans to acquire a controlling 75 per cent stake in Credit Bank for KSh4 billion (approx. US$40 million), pending approval of the Central Bank of Kenya. As of June 2019, the major shareholders in the bank's stock were as depicted in the table below:
|Rank||Name of Owner||Percentage Ownership|
|1||Nyachae’s Sansora Group|
|4||Fountain Enterprises Programme Group (FEP)|
The bank maintains networked branches at the following locations: