United Bank for Africa Kenya Limited
TypePrivate
IndustryBanking
Founded2009 (2009)
HeadquartersNairobi, Kenya
Key people
Chike Isiuwe (Managing Director)
ProductsLoans, transaction accounts, savings, investments, debit cards
RevenueIncreaseAftertax:US$683,259 (KES:68 million) (H1:2016)[1]
Number of employees
70 (2016[1])
ParentUnited Bank for Africa
Websitewww.ubagroup.com/countries/KE

United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and national banking regulator.[2]

The bank is a small-sized commercial bank in Kenya, the largest economy in the East African Community. UBA Kenya Limited is a subsidiary of the Nigerian financial conglomerate United Bank for Africa, with subsidiaries in 20 African countries, the United States, the United Kingdom and France.[3]

History

Established in 2009,[4] with capital investment of KES:2.5 billion (approx. US $ 25 million), the bank has accumulated losses of KES:1.4 billion (approx. US $ 14 million) in the seven years that followed.[1][5][6] UBA Kenya made a profit for the first time during the first half of 2016.[1]

Ownership

United Bank for Africa (Kenya) is a wholly owned subsidiary of United Bank for Africa, headquartered in Lagos, Nigeria.[1][7]

Branches

The bank maintains networked branches at the following locations:[1][8]

  1. Westlands Branch - Apollo Centre, Westlands, Nairobi (Main Branch)
  2. Upper Hill Branch - NHIF Building, Upper Hill, Nairobi
  3. Industrial Area Branch - Industrial Area, Enterprise Road, Nairobi

See also

References

  1. 1 2 3 4 5 6 Ngigi, George (21 August 2016). "UBA gets Sh1bn from Nigeria parent in push for big loans". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  2. ↑ Central Bank of Kenya (20 December 2013). "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Nairobi: Central Bank of Kenya. Retrieved 22 August 2016.
  3. ↑ Administrator (8 August 2016). "UBA: In a league of its own". Lagos: National Daily Newspaper. Retrieved 22 August 2016.
  4. ↑ Ilesanmi, Funmi (19 October 2009). "UBA Begins Operations in Kenya". Lagos: Nigeria CommunicationsWeek. Retrieved 22 August 2016.
  5. ↑ Juma, Victor (25 January 2011). "High operation costs weigh down UBA Kenya earnings". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  6. ↑ Herbling, David (13 April 2014). "West African banks struggle in Kenyan market". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  7. ↑ Chao, Sandra (20 March 2014). "UBA launches Sh50 mobile savings plan". Business Daily Africa. Nairobi. Retrieved 22 August 2016.
  8. ↑ UBA Group (22 August 2016). "About UBA Kenya". Lagos: United Bank for Africa. Retrieved 22 August 2016.

01°15′34″S 36°48′16″E / 1.25944°S 36.80444°E / -1.25944; 36.80444

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.