Guardian Bank
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1992 |
| Headquarters | Nairobi, Kenya |
Key people | Maganlal M. Chandaria (Chairman), Vasant Shetty (Managing Director)[1] |
| Products | Loans,Transaction accounts,Savings,Investments,Debit Cards |
 Aftertax: KSh.225.5 million/= (US$2.194million) (H1:2018) | |
| Total assets | KSh.16.186 billion/= (US$157.4million) (H1:2018) |
| Owner | Chandaria Industries Limited |
| Website | guardian-bank |
Guardian Bank,whose full name isGuardian Bank Limited,is acommercial bankinKenyawith headquarters inNairobi.It is licensed byCentral Bank of Kenya,thecentral bankand national banking regulator.[2]
As of December 2018[update],the bank was a medium-sizedretail bank,with an asset base totaling approximatelyKSh.16.186 billion/= (US$157.4million), and shareholders' equity of about KSh.2.557 billion/= (US$24.87million).[3][4]Figures from the previous year[update]ranked Guardian, with amarket shareof 0.40%, the 26th largest Kenyan bank among 43 licensed financial institutions in its class.[5]
History
[edit]Guardian Bank was established in 1992 asEuro Finance Limited,anon-bank financial institution.As a result of the changes in the banking laws ofKenya,Euro Finance Limited converted into a commercial bank in 1996 and rebranded toGuardian Bank Limited.In December 1999, the bank merged withGuilders International Bank Limited,keeping its current name, after the merger.[6][7]
Ownership
[edit]Thestockof Guardian Bank is privately held. The detailed shareholding in the bank is not widely publicly known. The bank operates as a subsidiary ofChandaria Industries Limited,a businessconglomeratethat is also in involved in manufacture of paper, paper products, toilet tissue, facial tissues and other paper derivatives.[8]
Branch network
[edit]As of November 2019[update],Guardian Bank Limited maintains branches at the following locations:[9]
- Nairobi
- Head Office - 1st & 2nd Floors, Guardian Centre, Biashara Street, Nairobi
- Biashara Street Branch - Guardian Centre, Biashara Street, Nairobi
- Mombasa Road Branch - Ground Floor, Tulip House, Nairobi
- Westlands Branch - Brick Court House, Mpaka Road,Westlands, Nairobi
- Ngong Road Branch - Ground Floor, The Greenhouse, Ngong Road, Nairobi
- Western
- Coastal
See also
[edit]References
[edit]- ^"The Board of Directors At Guardian Bank Limited".Guardian Bank Limited.Retrieved8 August2014.
- ^"Directory of Commercial Banks And Mortgage Finance Companies"(PDF).Central Bank of Kenya (CBK).Retrieved8 August2014.
- ^Audited Financial Statements and Other Disclosures For the Year Ended 31st December 2018(PDF)(Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 March 2019.Retrieved7 November2019.
- ^Annual Report and Financial Statements at 31 December 2018(PDF)(Report). Nairobi, Kenya: Guardian Bank Limited (GBL). 27 February 2019. p. 13.Retrieved7 November2019.
- ^Bank Supervision Annual Report 2017(PDF)(Report). Central Bank of Kenya. 22 August 2018. p. 56.Retrieved7 November2019.
- ^"History of Guardian Bank Limited".Guardian Bank Limited (GBL).Retrieved8 August2014.
- ^"Mergers And Acquisitions Among Kenyan Commercial Banks From 1989 To 2010".Central Bank of Kenya(CBK). Archived fromthe originalon 18 July 2014.Retrieved8 August2014.
- ^"About Chandaria Industries Limited: Company Profile".Chandaria Industries Limited (CIL). 2012.Retrieved8 August2014.
- ^"Branches".Guardian Bank Limited (GBL).Retrieved7 November2019.
