Imperial Bank Limited
| 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 |
 :Aftertax:US$10.4+ million (KES:896 million) (2010)[1] |
| 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]
Overview
The bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of September 2010, 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]
History
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]
Ownership
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, the bank maintained 16 branches throughout Kenya.[8]
Governance
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]
See also
External links
References
- ↑ Imperial Bank Nets Sh896 Million Profit
- ↑ List of Licensed Commercial Banks in Kenya
- ↑ Imperial Bank Total Assets In September 2010
- ↑ Imperial Bank Limited Is 19th Largest By Assets In November 2010
- ↑ History of Imperial Bank
- ↑ Imperial Bank Kenya Opens Subsidiary In Uganda
- ↑ Imperial Bank 2009 Annual Report
- ↑ Branches of Imperial Bank Limited
- ↑ Members of The Board of Directors
| ||||||||||
