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A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks .
In December 2018, Commercial Bank of Africa Group (CBA Group) announced that it would be merging with NIC Group creating the Kenya's third-biggest bank. The Transaction was approved by the Kenyan regulators and shareholders in April 2019. [5] [6] On 27 September 2019, the Central Bank of Kenya approved the merger, effective 1 October 2019 ...
Commercial Bank Group is a financial services organization in Central Africa. The Group's headquarters are located in Douala , Cameroon, with subsidiaries in Cameroon, Chad , Central African Republic , Equatorial Guinea and São Tomé and Príncipe .
Commercial Bank of Africa (Kenya): Nairobi, Kenya – 100% shareholding - A commercial bank in Kenya, serving individuals and businesses. This is the flagship company of the group. Commercial Bank of Africa (Tanzania): Dar es Salaam, Tanzania – 100% shareholding - A commercial bank in Tanzania, serving both individuals and businesses.
The Mauritius Commercial Bank Ltd – Port Louis, Mauritius – 100% Shareholding – A commercial bank in Mauritius, serving individuals and businesses, focusing mainly on large corporations. Incorporated in 1838 and the group's flagship company. MCB Seychelles – Victoria, Seychelles – 100% Shareholding – A commercial bank in Seychelles.
Commercial Bank of Africa (Tanzania) (CBAT) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania , the country's central bank and national banking regulator. [ 1 ] The bank is a subsidiary of the Commercial Bank of Africa Group and has its headquarters in Nairobi , Kenya .