ABC Bank (Kenya) explained

African Banking Corporation Limited
Type:	Private
Key People:	Sridhar Natarajan (Group CEO)
Num Employees:	300+

African Banking Corporation Limited (ABC Bank Kenya) is a Kenyan commercial bank, established in 1984.

In March 2017, ABC acquired the LEI certification from the London Stock Exchange.^[1]

History

ABC Bank was started in 1981, as a financial institution named Consolidated Finance Company Limited.

By 1994, following the gazettement of a legislation allowing financial institutions to convert into banks, Consolidated Finance Company immediately transformed, giving rise to African Banking Corporation Limited (ABC Bank) in 1995.^[2]

Subsidiaries

ABC Bank (Kenya) owns the following subsidiaries, either in whole or in part:

1. ABC Capital Bank, Kampala, Uganda (commercial bank)
2. ABC Capital Limited, Nairobi, Kenya (stock brokerage)
3. ABC Insurance Limited, Nairobi, Kenya (insurance brokerage)^[3]

See also

• East African Community
• Central Bank of Kenya
• List of banks in Kenya
• Economy of Kenya
• ABC Bank (Uganda)

Notes and References

1. News: HOME. Business Daily. 2017-03-29. en-UK.
2. Web site: ABC BANK Achieve the extraordinary. www.abcthebank.com. en-US. 2017-03-20.
3. Web site: ABC BANK Achieve the extraordinary. www.abcthebank.com. en-US. 2017-03-20.