Consolidated Bank of Kenya commonly known as Consolidated Bank, is a commercial bank in Nairobi, Kenya, East Africa's largest economy. It is licensed by the Central Bank of Kenya.[1]
Overview
Consolidated Bank is a medium-sized financial services provider in Kenya. As of December 2017, the bank's total asset valuation stood at about US$133.6 million (KES: 13.5 billion), with Shareholders' Equity valued at about US$10.5 million (KES: 1.06 billion). As at December 2017, the bank was rated number 33, by assets, out of 40 licensed banks in Kenya.
History
The bank was incorporated in 1989, as a result of the merger of the following nine insolvent financial institutions:[2]
Consolidated Bank aims to meet the banking needs of both individuals and institutions. In the beginning, the institution was limited to collecting the debts of the failed legacy financial institutions. However, the Central Bank of Kenya