United Bank for Africa Kenya Limited

Kenya commercial bank From Wikipedia, the free encyclopedia

United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and national banking regulator.[3]

Company type
Private
IndustryBanking
Founded2009 (2009)
HeadquartersNairobi, Kenya
Quick facts Company type, Industry ...
United Bank for Africa Kenya Limited
Company type
Private
IndustryBanking
Founded2009 (2009)
HeadquartersNairobi, Kenya
Key people
Mary Mulili
Managing Director[1]
ProductsLoans, transaction accounts, savings, investments, debit cards
RevenueIncreaseAftertax:US$683,259 (KES:68 million) (H1:2016)[2]
Number of employees
70 (2016[2])
ParentUnited Bank for Africa
Websitewww.ubagroup.com/countries/KE
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The bank is a small-sized commercial bank in Kenya, the largest economy in the East African Community. UBA Kenya Limited is a subsidiary of the Nigerian financial conglomerate United Bank for Africa, with subsidiaries in 20 African countries, the United States, the United Kingdom and France.[4]

History

Established in 2009,[5] with capital investment of KES:2.5 billion (approx. US $ 25 million), the bank has accumulated losses of KES:1.4 billion (approx. US $ 14 million) in the seven years that followed.[2][6][7] UBA Kenya made a profit for the first time during the first half of 2016.[2]

Ownership

United Bank for Africa (Kenya) is a wholly owned subsidiary of United Bank for Africa, headquartered in Lagos, Nigeria.[2][8]

Branches

The bank maintains networked branches at the following locations:[2][9]

  1. Westlands Branch - Apollo Centre, Westlands, Nairobi (Main Branch)
  2. Upper Hill Branch - NHIF Building, Upper Hill, Nairobi
  3. Industrial Area Branch - Industrial Area, Enterprise Road, Nairobi

See also

References

External links

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