CBA Group
 |
|
| Private | |
| Industry | Banking, Finance |
| Founded | 1962 |
| Headquarters | Upper Hill, Nairobi, Kenya |
|
Key people
|
Desterio Oyatsi Group Chairman Isaac Awuondo Group CEO |
| Products | Banks |
| Revenue |
 : Aftertax: KSh 4.1 billion (Q3:2017) |
| Total assets | KSh 234.79 billion (Q3:2017) |
|
Number of employees
|
1,200+ (2017) |
| Website | www |
Commercial Bank of Africa Group (CBA Group) is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.
The CBA Group is a large financial services group in East Africa, with an asset base valued at KSh:234.79 billion (US$2.343 billion), with shareholders' equity of KSh:28.38 billion (US$283.2 million), as of 30 September 2017.
Commercial Bank of Africa was established in 1962 in Dar es Salaam, Tanzania as a subsidiary of Swiss-based Société Financière pour les Pays d'Outre-Mer (SFOM). The SFOM consortium included BanqueNationale de Paris, Bank Bruxelles Lambert, Commerz Bank and Bank of America. Branches of the bank were established in Nairobi and Mombasa, Kenya. Another branch was opened in Kampala, Uganda.
In 1967, the Government of Tanzania nationalized all commercial banks in the country as part of the government's nationalization of large industries in its execution of the Arusha Declaration. This nationalization led the bank to move its headquarters to Nairobi. In 1971, the Ugandan business was sold off to Barclays Bank of Uganda. This was due to the then prevailing political instability in the country.
...
Wikipedia