Victoria Commercial Bank

Victoria Commercial Bank Limited
Private
Industry Financial Services
Founded 1987
Headquarters Nairobi, Kenya
Key people
 Kanji D Pattni
Chairman
Yogesh K Pattni
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax: US$7.175 million (KES:713.8 million) (2015)
Total assets US$201.23 million (KES:20.02 billion) (2015)
Number of employees
 61 (2015)
Website Homepage

Victoria Commercial Bank (VCB) is a private bank in Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the Central Bank and national banking regulator.[1]

Location

The bank maintains three offices in Nairobi, Kenya's capital. The main branch is located at Victoria Towers, in the upscale neighborhood of Upper Hill, 3 kilometres (2 mi) southwest of the central business district of Nairobi, Kenya's capital city.[2] The coordinates of the headquarters of Victoria Commercial Bank are 01°18'03.0"S, 36°48'56.0"E (Latitude:-1.300832; Longitude:36.815560).[3]

History

Victoria Commercial Bank was established in 1987 as Victoria Finance Company, a non-bank finance institution (NBFI). In 1996, following the issuance of a banking license by the Central Bank of Kenya, the company rebranded to Victoria Commercial Bank.[4]

Overview

The bank is a Tier III private bank in Kenya, East Africa's largest economy. VCB focuses on serving large corporations and high-net-worth clients. The bank also offers personal banking services to the employees of its corporate clients.[5] As of December 2015, the bank's total assets were valued at about US$201.23 million (KES:20.02 billion), with shareholders' equity of about US$35.3 million (KES:3.512 billion).[6]

Ownership

The shares of stock of Victoria Commercial Bank are privately held. The detailed shareholding in the bank is not publicly known as of August 2014.

Branches

As of July 2016, Victoria Commercial Bank maintains three branches in the city of Nairobi, Kenya.[7]

Credit rating

In July 2016, the South African credit rating agency Global Credit Ratings (GCR) rated the bank as BBB with stable outlook. The bank has a history of "operating without a loan default for the last 10 years".[7]

See also

References

  1. ↑ CBK (13 July 2016). "Directory of Licenced Commercial Banks, Mortgage Finance Institutions And Authorised Non-Operating Bank Holding Companies" (PDF). Nairobi: Central Bank of Kenya (CBK). Retrieved 13 July 2016.
  2. ↑ Globefeed.com (14 July 2016). "Distance between Kenyatta International Conference Centre, Harambee Avenue, Nairobi, Kenya and Victoria Towers, Nairobi, Kenya". Globefeed.com. Retrieved 14 July 2016.
  3. ↑ Google (14 July 2016). "Location of Victoria Commercial Bank Headquarters, Upper Hill, Nairobi, Kenya" (Map). Google Maps. Google. Retrieved 14 July 2016.
  4. ↑ VCB (14 July 2016). "Victoria Commercial Bank: About Us: Company Profile". Nairobi: Victoria Commercial Bank (VCB). Retrieved 14 July 2016.
  5. ↑ Neptune, Software (20 October 2008). "Kenya's Victoria Commercial Bank Signs for Neptune Platform". Finextra.Com. Retrieved 4 August 2014.
  6. ↑ VCB (4 March 2016). "Audited 31 December 2015 Financial Report" (PDF). Nairobi: Victoria Commercial Bank (VCB). Retrieved 13 July 2016.
  7. 1 2 Ngigi, George (13 July 2016). "Victoria Bank retains rating on clean loans records". Business Daily Africa. Nairobi. Retrieved 14 July 2016.

Coordinates: 01°18′03″S 36°48′56″E / 1.30083°S 36.81556°E / -1.30083; 36.81556

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