Puneet Varma

Victoria Commercial Bank

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Industry  Financial Services
Headquarters  Nairobi, Kenya
Number of employees  61 (2015)
Website  Homepage
Founded  1987
Type of business  Public
Victoria Commercial Bank https4bpblogspotcomgxuBTUQfakAV4dC1qA9tHI
Key people  Kanji D Pattni Chairman Yogesh K Pattni Managing 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.

Contents

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".

References

Victoria Commercial Bank Wikipedia


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