Guardian Bank

Last updated

Guardian Bank
Type Private
Industry Banking
Founded1992 (1992)
Headquarters Nairobi, Kenya
Key people
Maganlal M. Chandaria (Chairman), Vasant Shetty (Managing Director) [1]
Products Loans, Transaction accounts, Savings, Investments, Debit Cards
Increase2.svgAftertax: US$2.194 million (KES:225.5 million) (H1:2018)
Total assets US$157.4 million (KES:16.186 billion) (H1:2018)
Owner Chandaria Industries Limited
Website guardian-bank.com

Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya with headquarters in Nairobi. It is licensed by Central Bank of Kenya, the central bank and national banking regulator. [2]

Contents

As of December 2018, the bank was a medium-sized retail bank, with an asset base totaling approximately US$157.4 million (KES:16.186 billion), and shareholders' equity of about US$24.87 million (KES:2.557 billion). [3] [4] Figures from the previous year ranked Guardian, with a market share of 0.40%, the 26th largest Kenyan bank among 43 licensed financial institutions in its class. [5]

History

Guardian Bank was established in 1992 as Euro Finance Limited, a non-bank financial institution. As a result of the changes in the banking laws of Kenya, Euro Finance Limited converted into a commercial bank in 1996 and rebranded to Guardian Bank Limited. In December 1999, the bank merged with Guilders International Bank Limited, keeping its current name, after the merger. [6] [7]

Ownership

The stock of Guardian Bank is privately held. The detailed shareholding in the bank is not widely publicly known. The bank operates as a subsidiary of Chandaria Industries Limited, a business conglomerate that is also in involved in manufacture of paper, paper products, toilet tissue, facial tissues and other paper derivatives. [8]

Branch network

As of November 2019, Guardian Bank Limited maintains branches at the following locations: [9]

See also

Related Research Articles

Spire Bank, formerly known as Equatorial Commercial Bank(ECB), 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.

Jubilee Insurance Company Limited Insurance company in Kenya

The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a multinational insurance holding company, which maintains its headquarters in Nairobi, the capital of Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Burundi, and Mauritius, with plans to expand on the African continent.

I&M Bank Limited Commercial bank in Kenya

I&M Bank Limited, 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.

Chase Bank Kenya

Chase Bank Kenya Limited(CBK), commonly referred to as Chase Bank, was a commercial bank in Kenya, licensed by the Central Bank of Kenya, the central bank and national banking regulator.

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.

Housing Finance Company Limited, commonly referred to as Housing Finance, is a commercial bank in Kenya, regulated by the Central Bank of Kenya, the central bank and national banking regulator. HFC is major mortgage lender in Kenya and was the second-largest in the market with KSh33.7 billion in mortgage loans, as of December 2019. At that time, Kenya Commercial Bank, the largest mortgage lender in the country had KSh64.3 billion in mortgage loans.

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

Kingdom Bank Limited (Kenya), formerly Jamii Bora Bank, is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.

Giro Commercial Bank, whose full name was Giro Commercial Bank Limited, was a commercial bank in Kenya it was acquired and absorbed by I&M Holdings in 2017. It was licensed by the Central Bank of Kenya, the central bank and national banking regulator.

First Community Bank (FCB), 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.

Gulf African Bank (GAB), whose full name is Gulf African Bank Limited, is a commercial bank in Kenya operating under an Islamic banking regime. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Middle East Bank Kenya(MEBK), is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya (CBK), the central bank and national banking regulator.

Dubai Bank Kenya (DBK), whose complete name is Dubai Bank Kenya Limited, but is often referred to as Dubai Bank, was a commercial bank in Kenya, the largest economy in the East African Community. It was licensed by the Central Bank of Kenya, the central bank and national banking regulator. The institution is not affiliated with Dubai Bank of United Arab Emirates or with that bank's parent company, Dubai Banking Group.

M Oriental Bank, previously known as Oriental Commercial Bank Limited, 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.

Paramount Bank, is a commercial bank in Kenya. It is one of the forty-four commercial banks licensed by the Central Bank of Kenya, the national banking regulator.

The real estate sector in Kenya has seen a boom that began somewhere in the mid to late 2000s because the property market is responding to increased demand.

Mwalimu Cooperative Savings & Credit Society Limited, also known as Mwalimu National Sacco Limited, but often referred to as Mwalimu Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community. It is an institutional Sacco, composed of (a) the staff of the Teachers Service Commission (TSC) (b) TSC teachers in secondary and tertiary institutions (c) TSC teachers in elementary schools (d) the staff of Mwalimu National Sacco Limited and (e) the spouses of the above members, when formally, gainfully employed. The society is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA).

Bank of India (Kenya) is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.

Mayfair Bank Kenyan commercial bank

Mayfair CIB Bank Limited, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.

References

  1. ↑ "The Board of Directors At Guardian Bank Limited". Guardian Bank Limited. Retrieved 8 August 2014.
  2. ↑ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 8 August 2014.
  3. ↑ Audited Financial Statements and Other Disclosures For the Year Ended 31st December 2018 (PDF) (Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 March 2019. Retrieved 7 November 2019.
  4. ↑ Annual Report and Financial Statements at 31 December 2018 (PDF) (Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 February 2019. p. 13. Retrieved 7 November 2019.
  5. ↑ Bank Supervision Annual Report 2017 (PDF) (Report). Central Bank of Kenya. 22 August 2018. p. 56. Retrieved 7 November 2019.
  6. ↑ "History of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014.
  7. ↑ "Mergers And Acquisitions Among Kenyan Commercial Banks From 1989 To 2010". Central Bank of Kenya (CBK). Archived from the original on 18 July 2014. Retrieved 8 August 2014.
  8. ↑ "About Chandaria Industries Limited: Company Profile". Chandaria Industries Limited (CIL). 2012. Retrieved 8 August 2014.
  9. ↑ "Branches". Guardian Bank Limited (GBL). Retrieved 7 November 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.