Oriental Commercial Bank

Oriental Commercial Bank
Type Private
Industry Financial Services
Founded 2002
Headquarters Nairobi, Kenya
Key people Shanti Shah, Chairman
R.B.Singh, Managing Director & CEO
Products Checking, Savings, Investments, Debit Cards
Revenue Aftertax: US$450,900+ (2009)[1]
Total assets US$47 million (2010) (H1-unaudited)
Website Homepage

Oriental Commercial Bank (OCB), whose full name is Oriental Commercial Bank Limited, is a commercial bank in Kenya. It is one of the forty-four (44) commercial banks licensed by the Central Bank of Kenya, the national banking regulator.[2] The bank was established in its present form in 2002, according to its website.

Contents

Overview

OCB is a small retail bank in Kenya, East Africa's largest economy. As of June 2010, the bank's total assets were valued at about US$47 million (KES:3.98 billion), with shareholders' equity of nearly US$14 million (KES:1.15 billion).[3] In December 2010, the bank was ranked number thirty-nine (39), by assets, out of forty-three (43) licensed commercial banks in the country.[4]

Ownership

As of December 2010, Oriental Commercial Bank is a privately held company whose owners are not publicly known.

Branch network

The bank maintains a network of branches at the following locations: [5]

  1. Nairobi Branch - Finance House, Koinange Street, Nairobi - Manager: Rakesh Kashyap
  2. Westlands Branch - Apollo Centre, Ring Road, Westlands, Nairobi - Manager: Kishor Soni Main Branch[6]
  3. Nakuru Branch - AFC Building, Kijabe Row, Nakuru - Manager: Alphonse Gambo
  4. Eldoret Branch - Muya House, Kenyatta Street, Eldoret - Manager: Vijayshree Jethwa
  5. Kitale Branch - Robert Ouko Road, Kitale - Manager: Johnson Muchira

Governance

The bank is governed by a six-person Board of Directors. Shanti Shah, one of the non-Executive Directors serves as the Chairman of the Board. The Managing Director and Chief Executive Officer is R.B. Singh[7]

External links

See also

References