| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1993 |
| Headquarters | Nairobi, Kenya |
| Key people | Alnashir Popat, Chairman Abdulmalek Janmohamed, Managing Director & CEO |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
|
| Total assets | US$240.5+ million (2010) |
| Website | Homepage |
Imperial Bank Limited, commonly known as Imperial Bank, but also known as Imperial Bank Kenya, is a commercial bank in Kenya. It is one of the forty-four (44) licensed commercial banks in the country.[2]
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The bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of September 2010[update], the bank's total asset base was valued in excess of US$240.5 million (KES:20.6 billion), with shareholders equity of approximately US$28 million.[3] In November 2010 Imperial Bank Limited was ranked the 19th largest Kenyan commercial bank, by assets, out of forty-four licensed banks in the country.[4]
Imperial Bank Limited was established in 1993 as a Finance and Securities Company. In 1996, the bank commenced commercial banking services, following the issuance of a banking license by the Central Bank of Kenya, the national banking regulator.[5] In January 2011, the bank, in partnership with Mukwano Group, a Ugandan business and manufacturing conglomerate, opened a subsidiary, Imperial Bank Uganda, with headquarters at 6 Hannington Road, on Nakasero Hill, in the center of Kampala's central business district.[6]
The stock of the bank is privately held. The detailed shareholding in Imperial Bank Limited is as follows[7]:
| Shareholder | Percentage held | Notes |
|---|---|---|
| Imaran Ltd | 14.0% | Alnashir Popat (chairman) has a 50% interest in this company |
| Abdumal Investments Ltd | 14.0% | Anwar Hajee (director) has a 50% interest in this company |
| Janco Investments Ltd | 13.5% | Abdulmalek Janmohamed (MD) has a 50% interest in this company |
| Rex Motors Ltd | 12.5% | |
| Kenblest Ltd | 12.5% | Jinit Shah (director) has a 50% interest in this company |
| Momentum Holdings Ltd | 12.5% | Mukesh Kumar Patel (director) has a 50% interest in this company |
| EA Motor Industries Ltd | 11.0% | Vishnu Dhutia (director) has a 50% interest in this company |
| Reynolds & Company Ltd | 10.0% | Hanif Mohamed Amirali Somji (director) has a 50% interest in this company |
| 100.0% |
As of March 2011[update], the locations where the bank branches can be found include:[8]
Alnashir Popat, a non-executive director of the bank, serves as the Chairman of the seven-member Board of Directors. Abdulmalek Janmohamed is the Chief Executive Officer of Imperial Bank Limited.[9]
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