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Our History
CBA is the largest privately owned Kenyan bank, whose primary focus is Corporate and Institutional banking. Our efforts and resources are channelled towards providing an efficient, personal and stress free banking experience to corporates, foreign missions, NGOs and the quality end of the personal banking market.
A wide range of products and services are provided through comfortable and relaxing premises - so that you can enjoy the ultimate in stress free banking.
Commercial Bank of Africa Limited (CBA) was founded in 1962 in Dar-es-Salaam, Tanzania and quickly established branches in Nairobi and Mombasa in Kenya, and also in Kampala, Uganda. With the nationalisation of banks in Tanzania, CBA reincorporated itself in Kenya in 1967. In light of developments in Uganda in 1971, it subsequently sold the Kampala branch.
CBA originally commenced business as a subsidiary of Societe Financiere pour les pays D`Outre Mer (SFOM), a Swiss-based consortium bank with interests in financial institutions throughout Africa. Original consortium members included Bank of America, Commerz Bank (later on sold to Dresdner Bank), Bank Bruxelles Lambert, and Banque National de Paris. In 1980, Bank of America acquired all the shares of the other SFOM partners, and CBA became a subsidiary of Bank of America, with 16% of shares held by Kenyan investors.
During the period 1980 to 1984, Bank of America re-organised CBA, developing and installing Bank of America`s global systems and disciplines. In late 1984 Bank of America agreed to sell the majority of its shares to local investors while retaining a minority interest and continuing to provide management to the bank via a management agreement. Bank of America eventually sold the remainder of its shares - and CBA is now wholly Kenyan owned.
Our Focus
The preservation of your wealth is our primary focus. To this end we follow a conservative, risk averse strategy, adhering to principles of good banking - strong capitalisation, liquidity, risk diversification, conservative lending policies, investment in service delivery channels and customer service orientation.
Staff
In Tanzania CBA is fully managed by Tanzanians, from CEO to support staff |
