Jamii Bora Bank

History

The bank was founded, as a Charitable Trust, by fifty destitute families on the streets of Nairobi, Kenya's capital and largest city. In March 2010, it merged with another financial institution with a banking license and transformed into a fully fledged commercial bank.

In March 2010, Jamii Bora merged with City Finance Bank (CFB), a small private financial services provider which, in the past, had provided services to large corporations and high-net-worth individuals. In the merger, CFB acquired JBB and took on the name of its new acquisition. Other investors in the bank include Baraka Africa Fund (BAF), and other individual investors.

Assets

In July 2015, the bank's total assets were valued at approximately US$143.2 million (KSh14 billion). As of December 2014, the bank's total assets were valued at about US$134 million (KES:13.1 billion), with shareholders' equity of about US$23.5 million (KES:2.5 billion).

Ownership

Jamii Bora Bank is privately owned. A rights issue of US$4 to 6 million was successfully executed in the 4th quarter of 2010. In November 2011, a new consortium known as Asterisk Holdings, invested KES:410 million (approx:US$4.6 million) in Jamii Bora Bank. The major shareholders in the stock of the bank, as of December 2011 are listed in the table below:

Branches

As of September 2015, the bank maintains a network of branches at the following locations:

1. Koinange Branch - Jamii Bora House, Koinange Street, Nairobi
2. Funzi Road Branch - Industrial Area, Funzi Road, Nairobi
3. Ongata Rongai Branch - Ongata Rongai, Nairobi
4. Thika Branch - Kenyatta Avenue, Thika
5. Kikuyu Branch - Brick House, Kikuyu
6. Kisumu Branch - Guilders Plaza, Odera Kango Street, Kisumu
7. Kayole Branch - Kayole, Nairobi
8. Nyeri Branch - Naivas Mall
9. Banana Branch - Davekon Place, Limuru-Tigoni Road, Banana Town, Kiambu
10. Mtwapa Branch - Mtwapa
11. Muranga Branch - Kiriti Women House, Uhuru Highway, Muranga
12. Mombasa Branch - Southern House, Moi Avenue, Mombasa
13. Eastleigh Branch - Super Arcade, Second Avenue, Eastleigh, Nairobi
14. Kawangware Branch - Mbugua Plaza Junction, Kawangware, Nairobi
15. Kariobangi Branch - Outer Ring Road, Kariobangi, Nairobi
16. Kiongozi Branch - Jamii Bora House, First Floor, Koinange Street, Nairobi Main Branch
17. Ngong' Road Branch - Green House, Ngong' road, Nairobi
18. Kirinyaga Road Branch - Kirinyaga Road, Nairobi
19. Machakos Branch - Machakos Town
20. Kiritiri Branch
21. Kitengela Branch
22. Kiambu Branch
23. Wangige Branch
24. Utawala Branch
25. Nakuru Branch
26. Kisii Branch