United Bank for Africa Kenya Limited, commonly referred to as UBA Kenya, is a commercial bank in Kenya. It is licensed and supervised by the Central Bank of Kenya, the central bank and national banking regulator.[2]
The bank is a small-sized commercial bank in Kenya, the largest economy in the East African Community. UBA Kenya Limited is a subsidiary of the Nigerian financial conglomerate United Bank for Africa, with subsidiaries in 20 African countries, the United States, the United Kingdom and France.[3]
History
Established in 2009,[4] with capital investment of KES:2.5 billion (approx. US $ 25 million), the bank has accumulated losses of KES:1.4 billion (approx. US $ 14 million) in the seven years that followed.[5]