Guardian Bank

Guardian Bank
Private
Industry Banking
Founded 1992 (1992)
Headquarters Nairobi, Kenya
Key people
 Maganlal M. Chandaria (Chairman), Vasant Shetty (Managing Director)[1]
Products Loans, Transaction accounts, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$1.256 million (KES:131.9 million) (H1:2014)
Total assets US$163.33 million (KES:14.195 billion) (H1:2014)
Owner Chandaria Industries Limited
Website guardian-bank.com

Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya with headquarters in Nairobi. It is licensed by Central Bank of Kenya, the central bank and national banking regulator.[2]

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).[3] At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class.[4][5]

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.[6][7]

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.[8]

Branch network

As of August 2014, Guardian Bank Limited maintains branches at the following locations:[9]

  1. Administrative Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
  2. Eldoret Branch - Biharilal House, Uganda Road, Eldoret
  3. Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
  4. Kisumu Branch - Ground Floor, Amalo Plaza, Oginga Odinga Road, Kisumu
  5. Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
  6. Mombasa Branch - Oriental Building, Nkrumah Road, Mombasa
  7. Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
  8. Nyali Branch - Ground Floor, Links Plaza, Nyali
  9. Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi.

See also

References

  1. ↑ "The Board of Directors At Guardian Bank Limited". Guardian Bank Limited. Retrieved 8 August 2014.
  2. ↑ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 8 August 2014.
  3. ↑ "Unaudited 30 June 2014 Financial Statements And Disclosures" (PDF). Guardian Bank Limited (GBL). Retrieved 8 August 2014.
  4. ↑ "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. 28 April 2014. Retrieved 8 August 2014.
  5. ↑ Duncan Miriri; Sharon Lindores (15 February 2010). "Factbox: Key Facts On Kenya's Banking Sector". Thomson Reuters. Retrieved 8 August 2014.
  6. ↑ "History of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014.
  7. ↑ "Mergers And Acquisitions Among Kenyan Commercial Banks From 1989 To 2010". Central Bank of Kenya (CBK). Archived from the original on 18 July 2014. Retrieved 8 August 2014.
  8. ↑ "About Chandaria Industries Limited: Company Profile". Chandaria Industries Limited (CIL). 2012. Retrieved 8 August 2014.
  9. ↑ "The Branch Network of Guardian Bank Limited". Guardian Bank Limited (GBL). Retrieved 8 August 2014.
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