Robert Kibaara

Last updated

Robert Kibaara
Bornc. 1974 (age 49–50)
Kenya
NationalityKenyan
Alma mater University of Sunderland
Chartered Institute of Marketing
University of Edinburgh
Occupation(s)Businessman and Corporate Executive
Years active1995 - present
Title Chief executive officer of Housing Finance Group of Kenya

Robert Kibaara is a Kenyan businessman, banker and corporate executive, who serves as the chief executive officer at Housing Finance Group of Kenya, the holding company of Housing Finance Company of Kenya, a commercial bank in that East African country. He assumed his current position in December 2018. [1]

Contents

Before his current appointment, he was a banking executive at NIC Bank, before it merged with Commercial Bank of Africa to form NCBA Bank Kenya. [1]

Early life and education

Kibaara was born in Kenya circa 1974. He was raised in a polygamous family, with one father, three mothers and 30 children. His father died in 1988 and his mother died in 1995. [2]

He holds a Bachelor of Banking and Finance, awarded by the University of Sunderland in the United Kingdom. He also holds a Diploma in Marketing, obtained from the Chartered Institute of Marketing, in the United Kingdom. In addition, he holds a Master of Business Administration, awarded by the Edinburgh Business School. [2] [3]

Career

According to an interview that he gave in May 2021, Robert Kibaara dropped out of second year undergraduate studies at Kenyatta University, aged 21 years, in 1995, to pursue a banking career, his childhood dream. He was hired by Barclays Bank of Kenya (today Absa Bank Kenya Plc.), where he first worked as a bank teller. [2] [4]

Over the years, he took up banking studies overseas and has worked as a bank executive in a number of Kenyan commercial banks, including Standard Chartered Bank and National Bank of Kenya. [2] [3]

At HFGK, Kibaara has embarked on a process of converting the leading mortgage lender in the country, into a more balanced retail bank, with less reliance on one sector. He oversaw the closure of one subsidiary, Housing Finance Development and Investment Limited (HFDI), which was merged back into the parent company, to reduce losses and preserve capital. [4]

Personal life

Robert Kibaara is a married father. [2]

See also

Related Research Articles

<span class="mw-page-title-main">KCB Bank Kenya Limited</span> Commercial bank in Kenya

KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.

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.

Diamond Trust Bank Group, in short DTB Group, is an African banking group active in Burundi, Kenya, Tanzania, and Uganda. The flagship company of the group, Diamond Trust Bank Kenya, is licensed by the Central Bank of Kenya, the central bank and national banking regulator in Kenya, the largest economy in the East African Community.

NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.

<span class="mw-page-title-main">Equity Bank Kenya Limited</span> Financial services provider

Equity Bank Kenya Limited is a Kenyan bank and financial services provider headquartered in Nairobi providing retail banking and commercial banking services. The bank is licensed as a commercial bank by the Central Bank of Kenya, which is the national banking regulator of Kenya.

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.

Access Bank Kenya (ABK), whose complete name is Access Bank (Kenya) PLC, formerly Transnational Bank Kenya PLC, is a commercial bank in Kenya. It is licensed and regulated by the Central Bank of Kenya, the national banking regulator.

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.

<span class="mw-page-title-main">Absa Bank Kenya</span>

Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank in Kenya and a subsidiary of South Africa-based Absa Group Limited. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Standard Chartered Kenya, whose official name is Standard Chartered Bank Kenya Limited, but is sometimes referred to as Stanchart Kenya, is a commercial bank in Kenya. It is a subsidiary of the British multinational financial conglomerate headquartered in London, United Kingdom, known as Standard Chartered. Stanchart Kenya is one of the banks licensed by the Central Bank of Kenya, the central bank and national banking regulator, in the largest economy in the East African Community.

<span class="mw-page-title-main">NCBA Group Plc</span> Kenyan financial services conglomerate

NCBA Group Plc, is a financial services conglomerate in East and West Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Ivory Coast.

Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a Kenyan financial services organization with headquarters in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. The institution is licensed and governed by the Central Bank of Kenya, the national banking regulator.

<span class="mw-page-title-main">Equity Group Holdings</span> Financial services holding company based in the African Great Lakes region

Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.

Joshua Nyamweya Oigara is Kenyan businessman, accountant and corporate executive and the current chief executive officer Stanbic Bank Kenya and South Sudan starting November 2022. He is the immediate former Group chief executive officer of the Kenya Commercial Bank Group. He served in that position from 1 January 2013. until 25 May 2022.

Martin Luke Oduor-Otieno is a certified public secretary, accountant, businessman, entrepreneur and former bank executive in Kenya. He is the current chairman and CEO of Leadership Group Limited, a Nairobi-based consulting firm, that he founded. He previously served as the Group CEO of Kenya Commercial Bank Group, from 2007 until 2012.

Housing Finance Group of Kenya (HFGK), also Housing Finance Group Limited (HFGL), is a financial services holding company based in Kenya. HFGK maintains its headquarters in Nairobi, the capital and largest city, with subsidiaries and branches in major urban centers in the country.

<span class="mw-page-title-main">Wilfred Musau</span>

Wilfred Musau (1974) is the immediate former Managing Director, CEO & Executive Director of National Bank of Kenya. A position he took over from Munir Sheikh Ahmed in the year 2016. In his first year as CEO he led the bank to profitability bouncing back from a huge loss the previous year. The following year profits were up 190%. Prior to joining National Bank he had worked in various notable positions in several banks in Kenya including Kenya Commercial Bank, NIC Bank, Barclays Bank of Kenya and Standard Chartered Bank.

Jeremy Awori, is the Group CEO of Ecobank Transnational, effective 1 March 2023. He replaced Ade Ayeyemi, from Nigeria, who retired, having attained the retirement of age of 60. Awori is based in Lomé, Togo.

Peter Mugeni Oduori,, commonly known as Peter Oduori, is a Kenyan accountant, businessman and incumbent managing director at Housing Finance Company of Kenya (HFCK), who concurrently serves as the chief executive officer at that commercial bank. He was appointed to his current position in November 2021. Before that he was the company's director of credit and risk at HFCK.

References

  1. 1 2 Otiato Guguyu (18 December 2018). "HF Group replaces CEO Frank Ireri after 13 years". The Standard (Kenya) . Nairobi, Kenya. Retrieved 24 November 2021.
  2. 1 2 3 4 5 Steve Biko (7 May 2021). "Robert Kibaara: What polygamy has taught me". Business Daily Africa . Nairobi, Kenya. Retrieved 24 November 2021.
  3. 1 2 Kenyan Wall Street (18 December 2018). "Housing Finance Settles on Robert Kibaara as its New Head". The Kenyan Wall Street. Nairobi, Kenya. Retrieved 24 November 2021.
  4. 1 2 Wambu Wainaina (15 December 2020). "Robert Kibaara: Why I'm taking HF to retail banking". The Standard (Kenya) . Nairobi, Kenya.
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.