Guardian Bank

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Guardian Bank
Company 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: KSh.225.5 million/= ( US$2.194 million) (H1:2018)
Total assets KSh.16.186 billion/= (US$157.4 million) (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 KSh.16.186 billion/= ( US$157.4 million), and shareholders' equity of about KSh.2.557 billion/= (US$24.87 million). [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

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.
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