Guardian Bank
| Private | |
| Industry | Financial Services |
| Founded | 1992 |
| Headquarters | Nairobi, Kenya |
|
Key people
|
Maganlal M. Chandaria Chairman Vasant Shetty Managing 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) |
| Website | guardian-bank |
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.[1]
Contents
Overview
As of June 2014[update], 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).[2] At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class.[3][4]
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.[5][6]
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.[7]
Branch network
As of August 2014[update], Guardian Bank Limited maintains branches at the following locations:[8]
- 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.[9]
See also
References
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External links
- Official website
- Website of Central Bank of Kenya
- Company Profile At Businessweek.com
- Webuye Lost Paper Mill But Not Its Chicken Soup
