Industry Financial Services Number of employees 61 (2015) | Website Homepage Founded 1987 Type of business Public | |
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Key people Kanji D PattniChairmanYogesh K PattniManaging Director Products Loans, Checking, Savings, Investments, Debit Cards Revenue 7.175 million USD (Aftertax, KES:713.8 million, ...) Total assets 201.2 million USD (KES:20.02 billion, 2015) | ||
Victoria Commercial Bank (VCB) is a private bank in Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the Central Bank and national banking regulator.
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Location
The bank maintains three offices in Nairobi, Kenya's capital. The main branch is located at Victoria Towers, in the upscale neighborhood of Upper Hill, 3 kilometres (2 mi) southwest of the central business district of Nairobi, Kenya's capital city. The coordinates of the headquarters of Victoria Commercial Bank are 01°18'03.0"S, 36°48'56.0"E (Latitude:-1.300832; Longitude:36.815560).
History
Victoria Commercial Bank was established in 1987 as Victoria Finance Company, a non-bank finance institution (NBFI). In 1996, following the issuance of a banking license by the Central Bank of Kenya, the company rebranded to Victoria Commercial Bank.
Overview
The bank is a Tier III private bank in Kenya, East Africa's largest economy. VCB focuses on serving large corporations and high-net-worth clients. The bank also offers personal banking services to the employees of its corporate clients. As of December 2015, the bank's total assets were valued at about US$201.23 million (KES:20.02 billion), with shareholders' equity of about US$35.3 million (KES:3.512 billion).
Ownership
The shareholding in the stock of Victoria Commercial Bank As of January 2017 was as follows:
Branches
As of July 2016, Victoria Commercial Bank maintains three branches in the city of Nairobi, Kenya.
Credit rating
In July 2016, the South African credit rating agency Global Credit Ratings (GCR) rated the bank as BBB with stable outlook. The bank has a history of "operating without a loan default for the last 10 years".