The Kenya Commercial Bank is one of the oldest financial institutions of Kenya. The head quarter of the Kenya commercial bank is situated in Nairobi which is the capital of Kenya. The Commercial Bank of Kenya was formed in the year 1896 by the name National Bank of India. In 1958 the Grindlays Bank was merged with the National Bank of India to form a single institution. The Commercial Bank of Kenya got its current name after independence in the year 1970. Initially the Kenyan government had acquired only 60% of the shares but later in 1976 it finally possessed 100% shares of the bank. However, currently the government only has 26% of the bank’s share. The Kenya Commercial Bank has not limited itself to finance but has gained fame for its contribution towards the national sports of Kenya.
The Kenya Commercial Bank can be divided into two parts the head office and corporate & treasury. The Kenya Commercial Bank in Tanzania was established in the year 1997. The total number of full time branches of this Kenyan bank is about 95 and with that there are 35 satellite branches. The main success of the Kenya Commercial Bank is due to their wide presence in the rural areas. There are about four hundred correspondent banks of this Kenyan bank around the world. The numbers of Automated Teller Machines of the Kenya Commercial Bank are one hundred and fifteen. The total asset of Kenya Commercial Bank is in and around 100 billion Kenya shillings.
