KCB Bank South Sudan Limited

KCB Bank South Sudan Limited
Company typePrivate
IndustryFinancial services
Founded2005
HeadquartersJuba, South Sudan
Key people
Peter Muthoka
Group Chairman
ProductsLoans, Savings, Checking, Investments, Debit Cards, Credit Cards
RevenueIncreasePretax: US$16+ million (KES:1.4 billion) (2013)
Total assetsUS$543.7 million (KES:46 billion) (2013)[1]
Websitess.kcbgroup.com

Kenya Commercial Bank South Sudan Limited, sometimes KCB South Sudan, is a commercial bank in South Sudan. It is licensed by the Bank of South Sudan, the country's central bank and national banking regulator.[2]

Kenya Commercial Bank Group

Main article: Kenya Commercial Bank Group

Kenya Commercial Bank Group, also known as KCB Group, is a large financial services organization in East Africa, whose total assets were valued at approximately US$4.57 billion (KES:385.2 billion), as of 30 September 2013.[3]

As of October 2011, KCB Group had the widest network of banking outlets in Eastern Africa, comprising over 220 branches and over 400 automated teller machines in Kenya, Burundi, Rwanda, South Sudan, Tanzania and Uganda.[4] The companies that comprise the KCB Group include but are not limited to the following:

The stock of KCB Group is traded on the Nairobi Stock Exchange. The stock is cross listed on the Uganda Securities Exchange, the Rwanda Stock Exchange and on the Dar es Salaam Stock Exchange under the symbol KCB.[5]

History

KCB South Sudan was founded in 2005, following the cessation of hostilities between South Sudan and Sudan and the signing of the Comprehensive Peace Agreement (CPA) in Naivasha, Kenya. As of October 2013, KCB South Sudan maintained a network of 20 branches, serving over 138,000 deposit customers, representing 42% of all banking business in the country at that time.[6]

Ownership

KCB South Sudan is a subsidiary, owned 100% by the Kenya Commercial Bank Group, based in Nairobi, Kenya.

Branch network

As of January 2014, Kenya Commercial Bank South Sudan Limited, maintained its headquarters in Juba, the capital of South Sudan and that country's largest city. The bank had a total of 19 networked branches in the various cities and towns in the country. Also in January 2014, KCB South Sudan closed its branches in Bentiu, Bor and Malakal, due to the then prevailing civil war in the country.[7]

See also

References

  1. ^ Ngigi, George (28 January 2014). "KCB Says South Sudan Unit Still Profitable Despite Political Chaos". Business Daily Africa (Nairobi). Retrieved 5 December 2014.
  2. ^ "Gurtong Trust: Licensed Commercial Banks In South Sudan". Gurtong.net. Retrieved 5 December 2014.
  3. ^ Kangethe, Kennedy (31 October 2013). "Kenya: KCB Posts 17 Percent Q3 Growth to KSh15.2 Billion". 98.4 Capital FM (Nairobi) via AllAfrica.com. Retrieved 5 December 2014.
  4. ^ Ratemo, James (26 October 2011). "East Africa: KCB Is The Region's Largest Bank By Branch Network (222 Outlets), Asset Base (KES:322 Billion) And Capital Base (KES:41 Billion)". Business Daily Africa (Nairobi) via AllAfrica.com. Retrieved 5 December 2014.
  5. ^ Ngarambe, Alex (14 December 2012). "Different Platforms Dog East Africa's Cross-Listing Efforts". The EastAfrican (Nairobi). Retrieved 5 December 2014.
  6. ^ Gridneff, Ilya (7 October 2013). "Kenya's KCB To Grow In South Sudan With VISA & More Branches". Reuters. Retrieved 5 December 2014.
  7. ^ Mchira, Moses (16 January 2014). "KCB Closes Three Branches In Conflict-Hit South Sudan". The Standard (Kenya). Retrieved 5 December 2014.