Guardian Bank
| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1992 |
| Headquarters | Nairobi, Kenya |
| Key people |
M.M. Chandaria, Chairman Vasant Shetty, Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$93 million (2009) |
| Website | www.guardianbank.com |
Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya. It is one of the forty-four (44) commercial banks licensed by Central Bank of Kenya, the national banking regulator.[1]
History
Guardian Bank was established in 1992 as Euro Finance Limited, a non-bank financial institution. As a result of the changes in the banking laws of Kenya, Euro Finance Limited converted into a commercial bank in 1996 and rebranded to Guardian Bank Limited. In December 1999, the bank merged with Guilders International Bank Limited, keeping its current name, after the merger.[2] As of December 2009, the bank was a medium-sized retail bank, with an asset base totaling approximately US$93 million (KES:7.8 billion), and shareholders' equity of about US$10.5 million (KES:873 million).[3]
Ownership
The stock of Guardian Bank is privately held. The detailed shareholding in the bank is not widely publicly known. The bank operates as a subsidiary of Chandaria Industries Limited, a business conglomerate that is also in involved in paper manufacturing.[4]
Branch network
As of November 2010, Guardian Bank maintains branches at the following locations: [5]
- Main Branch - Guardian Centre, Biashara Street, Nairobi
- Eldoret Branch - Biharilal House, Uganda Road, Eldoret
- Kisumu Branch - Guilders Plaza, Odera Street, Kisumu
- Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
- Mombasa Road Branch - Tulip House, Nairobi
- Mombasa Branch - Oriental Building, Nkrumah Road, Mombasa
Governance
The Chairman of the nine-person Board of Directors is M.M.Chandaria, one of the non-Executive Directors. Vasant Shetty serves as the Managing Director.[6]