| Guardian Bank | |
| Type: | Private |
| Location: | Nairobi, Kenya |
| Key People: | Maganlal M. Chandaria (Chairman), Vasant Shetty (Managing Director)[1] |
| Assets: | KSh.16.186 billion/= ( million) (H1:2018) |
| Profit: | Aftertax: KSh.225.5 million/= ( million) (H1:2018) |
| Industry: | Banking |
| Products: | Loans, Transaction accounts, Savings, Investments, Debit Cards |
| Owner: | Chandaria Industries Limited |
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]
, the bank was a medium-sized retail bank, with an asset base totaling approximately KSh.16.186 billion/= ( million), and shareholders' equity of about KSh.2.557 billion/= ( million).[3] [4] ranked Guardian, with a market share of 0.40%, the 26th largest Kenyan bank among 43 licensed financial institutions in its class.[5]
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]
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]
, Guardian Bank Limited maintains branches at the following locations:[9]