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Guardian Bank

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

External links

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 Central Bank of Kenya (CBK), retrieved 8 August 2014^
  3. Audited Financial Statements and Other Disclosures For the Year Ended 31st December 2018 Guardian Bank Limited (GBL), 27 March 2019, retrieved 7 November 2019^
  4. Annual Report and Financial Statements at 31 December 2018 Guardian Bank Limited (GBL), 27 February 2019, retrieved 7 November 2019^
  5. Bank Supervision Annual Report 2017 Central Bank of Kenya, 22 August 2018, 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), 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^