| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2005 |
| Headquarters | Fortis Office Park Muthangari Drive Nairobi,Kenya[1] |
Key people | Mohammed Nyaoga[2] Chairman Ehouman Kassi Managing Director |
| Products | Loans,Savings,Investments,Debit Cards,Credit Cards,Mortgages |
| Revenue |  Aftertax:US$-10.3 million (KES:-890 million) (2013) |
| Total assets | US$427.6 million (KES:36.9 billion) (2013) |
| Parent | Ecobank |
| Website | ecobank |
Ecobank Kenya is acommercial bank inKenya. It is one of the commercial banks licensed by theCentral Bank of Kenya, thecentral bank and national banking regulator.[3][4]
On 16 June 2008,Ecobank Transnational Incorporated acquired 75% of EABS Bank, which had been licensed in 2005. The bank changed its name to Ecobank Kenya Limited to reflect the new shareholding. Later, it increased its shareholding in the bank, to 95.67% as at 3 July 2013. As of December 2013[update], Ecobank Kenya had total assets valued at approximately KES:36.9 billion (US$427.6 million), with shareholders' equity of about KES:3.39 billion (US$39.3 million).[5][6]
Ecobank Kenya is a member ofEcobank Transnational, the leading independent pan-African bank, headquartered inLomé,Togo with affiliates inWest Africa,Central Africa,East Africa andSouthern Africa.Ecobank, which was established in 1985, has grown to a network of over 600 branches, employing over 10,000 people, with offices in 33 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Republic of Congo, Democratic Republic of Congo, Equatorial Guinea, France, Gabon, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Sierra Leone, South Sudan, Tanzania, The Gambia, Togo, Uganda, Zambia and Zimbabwe.[7] Ecobank Transnational also maintains representative offices in Angola, China, Ethiopia, South Africa, and the United Arab Emirates.[8]
Ecobank Transnational Inc. is the parent company of theEcobank Group which includes the following specialized subsidiaries:[9]
The stock ofEcobank is traded on theGhana Stock Exchange (GSE), theNigerian Stock Exchange (NSE) and theBRVM stock exchange inAbidjan,Ivory Coast.[10]
Ecobank Kenya is 100% owned byEcobank Transnational.[11]
Thechairman of the 10-personboard of directors isCharles Ogalo, a businessman and non-executive director.Samuel Ashitey Adjei, serves as themanaging director andCEO.[12]
As of July 2017[update], the bank maintains 21 networked branches in Kenya.[13][14] In October 2016, Ecobank Kenya notified the public and its customers of its plans to close nine of its twenty-nine branches, to reduce the number to 20, by end of April 2017.[15]
