SBM Bank Kenya Limited
Commercial bank in Kenya / From Wikipedia, the free encyclopedia
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SBM Bank (Kenya) Limited (previously known as Fidelity 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 country's central bank and national banking regulator.[4]
Company type | Private company |
---|---|
Industry | Financial services |
Founded | 1988; 36 years ago (1988) |
Headquarters | , |
Key people | Sattar Abdoula Chairman[1] Bhartesh Shah Chief Executive Officer[1] |
Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards |
Revenue | (After-tax): US$12.41 million (KSh1.241 billion) (2018)[2] |
Total assets | US$706.23 million (KSh70.65 billion) (2018)[2][3] |
Number of employees | ~1,500 (2018) |
Parent | State Bank of Mauritius |
Website | www |
The bank is a medium-sized retail bank, serving mainly the urban areas of Nairobi and Mombasa. As of December 2018[update], SBM Bank Kenya had an asset base of KSh70,647,739,000 (approx. US$706.23 million), with shareholder's equity of KSh6,937,506,000 (approx. US$69.35 million).[2]
After the Chase Bank acquisition in 2018, SBM Kenya accounted for 2.4 percent of all banking assets in the country.[5] The total assets inherited from Chase Bank in 2018, were valued at approximately US$600 million.[3]