Guardian Bank

Guardian Bank
Company typePrivate
IndustryBanking
Founded1992 (1992)
HeadquartersNairobi, Kenya
Key people
Maganlal M. Chandaria (Chairman), Vasant Shetty (Managing Director)[1]
ProductsLoans, Transaction accounts, Savings, Investments, Debit Cards
IncreaseAftertax: KSh.225.5 million/= (US$2.194 million) (H1:2018)
Total assetsKSh.16.186 billion/= (US$157.4 million) (H1:2018)
OwnerChandaria Industries Limited
Websiteguardian-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 December 2018, the bank was a medium-sized retail bank, with an asset base totaling approximately KSh.16.186 billion/= (US$157.4 million), and shareholders' equity of about KSh.2.557 billion/= (US$24.87 million).[3][4] Figures from the previous year ranked Guardian, with a market share of 0.40%, the 26th largest Kenyan bank among 43 licensed financial institutions in its class.[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 November 2019, Guardian Bank Limited maintains branches at the following locations:[9]

  • Nairobi
    • Head Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
    • Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
    • Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
    • Westlands Branch - Brick Court House, Mpaka Road, Westlands, Nairobi
    • Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi
  • Western
    • Eldoret Branch - Biharilal House, Uganda Road, Eldoret
    • Kisumu Branch - Ground Floor, Amalo Plaza, Oginga Odinga Road, Kisumu
    • Nakuru Branch - Ground Floor, Parana House, Kenyatta Avenue, Nakuru
  • Coastal
    • Mombasa Branch - Oriental Building, Nkrumah Road, Mombasa
    • Nyali Branch - Ground Floor, Links Plaza, Links Road, Nyali

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. ^ Audited Financial Statements and Other Disclosures For the Year Ended 31st December 2018 (PDF) (Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 March 2019. Retrieved 7 November 2019.
  4. ^ Annual Report and Financial Statements at 31 December 2018 (PDF) (Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 February 2019. p. 13. Retrieved 7 November 2019.
  5. ^ Bank Supervision Annual Report 2017 (PDF) (Report). Central Bank of Kenya. 22 August 2018. p. 56. Retrieved 7 November 2019.
  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. ^ "Branches". Guardian Bank Limited (GBL). Retrieved 7 November 2019.