Type Private | Industry Financial Services Founded 1992 | |
Key people Maganlal M. ChandariaChairmanVasant ShettyManaging Director Products Loans, Checking, Savings, Investments, Debit Cards Revenue Aftertax:US$1.256 million (KES:131.9 million) (H1:2014) Total assets US$163.33 million (KES:14.195 billion) (H1:2014) Parent organization Chandaria Industries Limited | ||
Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by Central Bank of Kenya, the central bank and national banking regulator.
Contents
- Minecraft 1 8 snapshot 14w25a guardian bank vault fully automated defence system
- Overview
- History
- Ownership
- Branch network
- Governance
- References
Minecraft 1 8 snapshot 14w25a guardian bank vault fully automated defence system
Overview
As of June 2014, the bank was a medium-sized retail bank, with an asset base totaling approximately US$163.3 million (KES:14.195 billion), and shareholders' equity of about US$18.8 million (KES:1.626 billion). At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class.
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.
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 manufacture of paper, paper products, toilet tissue, facial tissues and other paper derivatives.
Branch network
As of August 2014, Guardian Bank Limited maintains branches at the following locations:
- Administrative Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
- Eldoret Branch - Biharilal House, Uganda Road, Eldoret
- Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
- Kisumu Branch - Ground Floor, Amalo Plaza, Oginga Odinga Road, Kisumu
- Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
- Mombasa Branch - Oriental Building, Nkrumah Road, Mombasa
- Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
- Nyali Branch - Ground Floor, Links Plaza, Nyali
- Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi.
Governance
The Chairman of the nine-person Board of Directors is Maganlal M. Chandaria, one of the non-Executive Directors. Vasant Shetty serves as the Managing Director.