Spire Bank, formerly known as Equatorial Commercial Bank (ECB), is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[2]
Overview
The bank is a medium-sized financial institution in Kenya, serving corporate clients, small and medium enterprises and individuals. , the bank's total assets were valued at about KSh.15.562 billion/= (US$180 million), with shareholders' equity valued at about KSh.1.371 billion/= (US$16 million).[3] At that time, the bank was ranked number 27, by assets, out of 43 banks licensed in Kenya.[4] The company has a 20% investment in Equatorial Investment Bank Limited and 23.86% in Fidelity Shield Insurance Company Limited which have been accounted for as associate companies in the consolidated financial statements.