ABC Bank or African Banking Corporation Limited in full, is a commercial bank in Kenya is one of the forty-four (44) licensed commercial banks in Kenya, the bank provides banking services to several large corporations and medium-sized businesses, as well as small business enterprises and individuals. The bank’s assets were valued at approximately US$222.1 million (KES:19.1 billion), with shareholders’ equity of approximately US$24.4 million (KES:2.1 billion) as at December 2012. It’s subsidiaries include: ABC Capital Bank, Kampala, Uganda (Commercial Bank) – 68% shareholding, ABC Capital Limited, Nairobi, Kenya (Stock brokerage) – 100% shareholding and ABC Insurance Limited, Nairobi, Kenya (Insurance brokerage) – 100% shareholding. ABC Bank (Kenya) started operations in 1984, as a non-bank financial institution called Consolidated Finance Company
Barclays Bank of Kenya, is one of the forty-four (44) commercial banks licensed by the Central Bank of Kenya, the national banking regulator. Having operated in Kenya for over 90 years, Barclays Bank Kenya is one of the oldest banks in Kenya with an estimated asset base in excess of US$2.22 billion (KES:180.9 billion). As at 2011, the Bank was the second largest bank in Kenya, by assets, just behind Kenya Commercial Bank Group with assets valued at US$3.34 billion (KES:273.9 billion). As of March 2011, the bank maintains a network of one hundred fifteen (115) branches and 236 ATMs in various locations across Kenya.
This is Kenya’s central bank located in Nairobi, the capital of Kenya, the bank was founded in 1966 after the dissolution of East Africa Currency Board (EACB). Following the promulgation of the new constitution on August 27th, 2010, the Central Bank of Kenya (CBK) is established under Article 231 of the Constitution, 2010. Under this Article the Central Bank has the responsibility of formulating monetary policy, promoting price stability, issuing currency and performing any other functions conferred on it by an Act of Parliament.