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CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator. [2] As of December 2015, the bank was one of the largest commercial banks in Kenya with assets of approximately US$2.166 billion (KES:215.6 billion), with shareholders' equity of approximately US$217.83 million (KES:21.68 billion). [1]
Since then, CBA became a wholly owned Kenyan bank recognised for operational efficiency and quality service delivery. [5] In July 2005, Commercial Bank of Africa (CBA) acquired majority shareholding in First American Bank of Kenya. At that time First American owned a subsidiary in Tanzania called United Bank of Africa. [6]
2. Best for Banking and Investing Combined: Bank of America Mobile Banking App. Cost: Free Compatibility: iOS/Android Why GOBankingRates chose this app: This secure app offers access to your Bank ...
In December 2018, NIC Group announced that it would be merging with Commercial Bank of Africa Group (CBA) creating Kenya's third-biggest bank. [11] The merger involved the transfer of 100 percent of the shares of CBA Group by its shareholders to NIC Group in exchange for 53 percent of the newly formed group making the deal a reverse merger. [12]
In November 2015, the CBA Group, Kenya's largest privately owned financial services provider publicly announced their intention to enter the Rwandan market. [6] The group applied for a banking licence from the Rwanda authorities. [6] In December 2016, the National Bank of Rwanda issued CBA Rwanda with a micro-finance banking licence.
With the disruptor’s mobile banking app, customers can: get a cash advance of up to $100, link external bank accounts and get paid a couple days early Varo also has an automatic savings tool ...
I&M Bank Ltd, part of I&M Bank Group; KCB Bank Kenya Limited, part of KCB Group; Kingdom Bank Ltd; Middle East Bank (Kenya) Ltd; M Oriental Bank Ltd; National Bank of Kenya Ltd, state-owned; NCBA Bank Kenya PLC, part of NCBA Group; Paramount Bank Ltd; Premier Bank Kenya Ltd; Prime Bank Ltd; SBM Bank Kenya Ltd, part of State Bank of Mauritius ...
In July 2005, the Commercial Bank of Africa (CBA) acquired majority shareholding in First American Bank of Kenya, which at the time had a Tanzanian subsidiary called United Bank of Africa. [7] In 2007, United Bank of Africa rebranded to Commercial Bank of Africa (Tanzania), returning the brand to the country since 1967.
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