{{short description|Kenyan commercial bank}} {{EngvarB|date=August 2020}} {{Use dmy dates|date=August 2020}} {{Infobox company | name = Kingdom Bank Limited (Kenya) | logo = Kingdom_bank_logo.png | type = Subsidiary of Cooperative Bank of Kenya | company_slogan = | foundation = {{start date and years ago|df=yes|1999|11|22}} | location = Nairobi, Kenya | key_people = Margaret Karangatha<br/>(chairperson)<br/>Anthony Mburu<br/>(chief executive officer)<ref name="1R">{{cite web|title=Jamii Bora renamed, gets new CEO after acquisition by Co-operative Bank |date=25 August 2020 | url=https://www.businessdailyafrica.com/corporate/companies/Co-operative-Bank-renames-Jamii-Bora-appoints-new-CEO/4003102-5613736-4kydof/index.html |newspaper=Business Daily Africa | author=Patrick Alushula | access-date=25 August 2020| place=Nairobi}}</ref> | num_employees = | assets = KES:12.5 billion (US$117 million) (March 2018)<ref name="2R"/> | revenue = | industry = Financial services | products = Loans, transaction accounts, savings, investments, debit cards | homepage = https://www.kingdombankltd.co.ke/ }}
'''Kingdom Bank Limited''' ('''Kenya'''), formerly '''Jamii Bora Bank''', is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.<ref name="3R">{{cite web | url=https://www.centralbank.go.ke/wp-content/uploads/2020/01/Directory-of-Licensed-Commercial-Banks-Mortgage-Finance-Institutions-Bank-NOHCs.pdf | title=Directory of Licenced Commercial Banks, Mortgage Finance Institutions And Authorized Non-Operating Holding Companies | date=January 2020 | publisher=Central Bank of Kenya | access-date=25 August 2020 | author=Central Bank of Kenya | place=Nairobi | archive-date=23 January 2022 | archive-url=https://web.archive.org/web/20220123164525/https://www.centralbank.go.ke/wp-content/uploads/2020/01/Directory-of-Licensed-Commercial-Banks-Mortgage-Finance-Institutions-Bank-NOHCs.pdf | url-status=dead }}</ref>
==Location== The headquarters of the bank are located at Kingdom Towers (formerly Jamii Bora Towers), along Argwings Kodhek Road, in Kilimani, Nairobi,<ref name="4R">{{cite web| url=https://www.jamiiborabank.co.ke/contact-1/ |title=Contact Us |publisher=Jamii Bora Bank| date=June 2020 |author=Jamii Bora Bank |access-date=25 August 2020 |location=Nairobi}}</ref> approximately {{convert|6|km|0}}, by road, west of the city centre.<ref name="5R">{{google maps| url=https://www.google.com/maps/dir/Nairobi+Central,+Nairobi,+Kenya/Jamii+Bora+Bank,+Argwings+Kodhek+Groove,+Nairobi,+Kenya/@-1.2535705,36.7943478,10.67z/data=!4m14!4m13!1m5!1m1!1s0x182f10d4ff33ee35:0x2c74859636685b55!2m2!1d36.8191878!2d-1.2800161!1m5!1m1!1s0x182f10a3a3fa7ba7:0xb350e9a468b6a249!2m2!1d36.7897334!2d-1.2929618!3e0 |title=Road Distance Between Central Nairobi And Jamii Bora Bank, Kilimani |access-date=25 August 2020}}</ref> The geographical coordinates of the bank's headquarters are:01°17'35.0"S, 36°47'23.0"E (Latitude:-1.293056; Longitude:36.789722).<ref name="6R">{{google maps| url=https://www.google.com/maps/place/1%C2%B017'35.0%22S+36%C2%B047'23.0%22E/@-1.2932094,36.7905647,480m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-1.2930556!4d36.7897222 |title=Location of headquarters of Kingdom Bank Kenya Limited (Formerly Jamii Bora Bank) |access-date=25 August 2020}}</ref>
==History== The bank was founded as a charitable trust by 50 destitute families on the streets of Nairobi, Kenya's capital and largest city. In March 2010, it merged with another financial institution with a banking license and transformed into a fully fledged commercial bank. In March 2010, Jamii Bora merged with '''City Finance Bank''' ('''CFB'''), a small private financial services provider which, in the past, had provided services to large corporations and high-net-worth individuals. In the merger, CFB acquired JBB and took on the name of its new acquisition. Other investors in the bank include '''Baraka Africa Fund''' (BAF), and other individual investors.<ref name="7R">{{cite web| url=https://www.standardmedia.co.ke/cartoon/article/2000006652/city-finance-buys-out-jamii-bora |title=City Finance Buys Out Jamii Bora |date=30 March 2010 |newspaper=The Standard (Kenya) | author=James Anyanzwa |access-date=25 August 2020 |place=Nairobi}}</ref>
In March 2020, Co-operative Bank of Kenya, the country's fourth-largest commercial bank, with nearly 10 percent market share of national banking assets, proposed the acquisition of Jamii Bora Bank.<ref name="8R">{{cite web|date=11 March 2020 | url=https://www.capitalfm.co.ke/business/2020/03/co-op-bank-to-acquire-struggling-jamii-bora-after-cba-settled-for-nic/ | title=Co-op Bank to acquire struggling Jamii Bora after CBA settled for NIC |publisher=98.4 Capital FM |author=Margaret Njugunah |access-date=25 August 2020 |location=Nairobi}}</ref>
Kingdom Bank was finally acquired and is a subsidiary of the Co-operative Bank of Kenya since its acquisition in August 2020.
The bank has a network of 27 branches<ref>{{Cite web |last=Mutua |first=Selina |title=Kingdom Bank opens new Embu branch to power farmers and traders |url=https://www.standardmedia.co.ke/sports/business/article/2001539916/kingdom-bank-opens-new-embu-branch-to-power-farmers-and-traders |access-date=2026-03-26 |website=The Standard |language=en}}</ref>, and is expanding.<ref>https://www.kingdombankltd.co.ke/about-kingdombank/</ref>
==Assets== In March 2018, the bank's total assets were valued at approximately KSh12.5 billion (US$117 million).<ref name="2R">{{cite web|url=https://kenyanwallstreet.com/ksh-1-4-billion-acquisition-of-jamii-bora-bank-on-back-burners/ |title=KSh1.4 billion Acquisition of Jamii Bora Bank on Back Burners |date=7 January 2020 |publisher=The Kenyan Wall Street |access-date=25 August 2020 |author=Jackson Okoth |location=Nairobi}}</ref>
As of December 2023, the bank had total assets of Ksh 36.7 billion, profit before tax amounting to Ksh 1.08 billion, with interest income reaching Ksh 3.7 billion and non-interest income standing at Ksh 533.7 million.{{citation needed|date=March 2025}}
==Ownership== Jamii Bora Bank is privately owned. A rights issue of US$4 to US$6 million was successfully executed in the 4th quarter of 2010. In November 2011, a new consortium known as '''Asterisk Holdings''', invested KES:410 million (approx:US$4.6 million) in Jamii Bora Bank.<ref name="9R">{{cite web|date=6 December 2011 | newspaper=Business Daily Africa |author=George Ngigi | url=https://www.businessdailyafrica.com/markets/Jamii-Bora-Bank-targets-mid-tier-status-in-upgrade/539552-1285250-p3awgt/index.html |title=Jamii Bora Bank targets mid-tier status in upgrade |access-date=25 August 2020 |location=Nairobi}}</ref> Following the acquisition of 90 percent shareholding in the stock of the bank by Cooperative bank of Kenya, the bank ownership was as depicted in the table below, as of August 2020.<ref name="10R">{{cite web|newspaper=Business Daily Africa | url=https://www.businessdailyafrica.com/corporate/companies/Treasury-CBK-give-nod-for-Jamii-Bora-buyout-by-Coop-Bank/4003102-5605646-4ml0cfz/index.html |date=7 August 2020 |title=Treasury, CBK give nod for Jamii Bora buyout by Co-op Bank |author=Patrick Alushula |access-date=25 August 2020 |place=Nairobi}}</ref>
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto" |+ '''Kingdom Bank Limited (Kenya) stock ownership''' ! style="width:2em;" |Rank !!Name of owner!!Percentage ownership in 2012!!Percentage ownership in 2020 |- |1||Asterisk Holdings||20.08 ||2.01 |- |2||ShoreCap II Limited||15.25 ||1.53 |- |3||Jamii Bora Scandinavia AB ||12.17 ||1.22 |- |4||Catalyst JBB Holdings LLC||9.65 ||0.96 |- |5||Nordic Micro Cap Investments||7.04 ||0.70 |- |6||Cornerstone Enterprises Limited ||4.69 ||0.47 |- |7||ESOP||4.37 ||0.44 |- |8||Other investors||26.75 ||2.68 |- |9||Cooperative Bank of Kenya||0.00 ||90.00 |- | ||'''Total'''||'''100.00'''||'''100.00''' |- |}
==Acquisition== In March 2020, Co-operative Bank of Kenya, the fourth-largest commercial bank in the country, began the process of acquiring 100 percent shareholding in Jamii Bora Bank. The process required regulatory approvals.<ref name="8R"/><ref name="11R">{{cite web| url=https://www.nation.co.ke/business/Co-op-Bank-to-take-over-Jamii-Bora/996-5486586-k1jh0tz/index.html |title=CBK welcomes takeover of Jamii Bora by Co-op Bank |access-date=12 March 2020 | author=Paul Wafula |newspaper=Daily Nation |date=11 March 2020 |place=Nairobi}}</ref> On 7 August 2020, Cooperative Bank received all the necessary regulatory approvals to acquire 90 percent shareholding in Jami Bora Bank.<ref name="12R">{{cite web| url=https://kenyanwallstreet.com/co-op-bank-acquires-90-stake-in-jamii-bora/ |title=Regulator Approves Co-op Bank’s 90% Stake Acquisition in Jamii Bora |publisher=The Kenyan Wall Street |date=7 August 2020 |author=Miriam Wangui |access-date=25 August 2020 |location=Nairobi}}</ref> On 25 August 2020, the bank re-branded to Kingdom Bank Kenya Limited.<ref name="1R"/><ref name="13R">{{cite web|date=25 August 2020 |url=https://www.the-star.co.ke/business/kenya/2020-08-25-jamii-bora-is-now-kingdom-bank-new-appointed/ |title=Jamii Bora is now Kingdom Bank, new CEO appointed |newspaper=The Star (Kenya) |access-date=25 August 2020 |author=Victor Amadala |location=Nairobi}}</ref>
==Branches== {{asof|February 2026}}, the bank maintained a network of branches at the following locations:<ref name="14R">{{cite web| url=https://en.wikipedia.org/wiki/Kingdom_Bank_Limited_(Kenya) |title=The Branches of Kingdom Bank Kenya Limited 2026 |publisher=Jamii Bora Bank | date=February 2026 |author= |access-date=25 August 2020 |location=Nairobi}}</ref>
# Bungoma Branch<ref>{{Cite web |title=Kingdom Bank 24th Opens 24th Branch |url=https://www.the-star.co.ke/business/2025-10-15-kingdom-bank-eyes-farmers-traders-with-expansion-in-western-region}}</ref>: Yogi Building, Moi Avenue Road, Bungoma # Eldoret Branch: Corner House, Kenyatta Street, Eldoret # Embu Branch<ref>{{Cite web |last=Mutua |first=Selina |title=Kingdom Bank opens new Embu branch to power farmers and traders |url=https://www.standardmedia.co.ke/business/business/article/2001539916/kingdom-bank-opens-new-embu-branch-to-power-farmers-and-traders |access-date=2026-03-26 |website=The Standard |language=en}}</ref>: Njue Plaza, Embu-Nairobi Highway, Embu # Gikomba Branch<ref>{{Cite web |date=2024-04-23 |title=Kingdom Bank Opens New Branch in Gikomba - Kenyans.co.ke |url=https://www.kenyans.co.ke/featured/99975-kingdom-bank-opens-new-branch-gikomba |access-date=2026-03-26 |website=www.kenyans.co.ke |language=en}}</ref>: Kombo Munyiri Road, Nairobi # Kariobangi Branch<ref>{{Cite web |last=Dianah |first=Esther |title=Bank opens its 25th branch in Kariobangi |url=https://www.standardmedia.co.ke/business/business/article/2001533938/bank-opens-its-25th-branch-in-kariobangi |access-date=2026-03-26 |website=The Standard |language=en}}</ref>: Marphic Ark Hotel, Kariobangi, Nairobi # Kawangware Branch: Mbugua Plaza Junction, Kawangware, Nairobi # Kayole Branch: Pinnacle Centre, Spine Road, Kayole, Nairobi # Kiambu Branch: Githunguri Nyakinywa Women Group Building, Kiambu # Kikuyu Branch: Red Brick House, Kikuyu # Kilimani Branch: Kingdom Bank Towers, Argwings Kodhek Road, Nairobi # Kisii Branch: Mocha Place, Kisii-Kisumu Road, Kisii # Kisumu Branch: Jubilee House, Oginga Odinga and Angawa Street, Kisumu # Kitale Branch<ref>{{Cite web |title=Kingdom Expands to Kitale |url=https://www.the-star.co.ke/news/2024-06-03-kingdom-bank-eyes-msmes-with-countrywide-network-expansion}}</ref>: GH Tanna Building, Kenyatta Street, Kitale # Kitengela Branch: Newton House, Kitengela # Kirinyaga Road Branch: Bits House, River Road, Nairobi # Koinange Branch: Winsor House, Muindi Mbingu Street, Nairobi # Machakos Branch: Kingdom Bank Building, Mbolu Malu Road, Machakos # Meru Branch<ref>{{Cite web |last=Ngugi |first=Brian |title=Kingdom Bank expands reach with Meru branch |url=https://www.standardmedia.co.ke/sports/business/article/2001498628/www.digger.co.ke |access-date=2026-03-26 |website=The Standard |language=en}}</ref>: Ntima Building, Tom Mboya Street, Meru # Mombasa Branch: Khamisi Building, Moi Avenue, Mombasa # Mtwapa Branch: Malindi Highway, Mtwapa Bridge, Mzambarauni, Mtwapa<ref>{{cite web |url=http://www.businessdailyafrica.com/Corporate+News/Jamii+Bora+deepens+reach+with+Mtwapa+branch/-/539550/1984236/-/brxn5ez/-/index.html |title=Jamii Bora Deepens Reach With Mtwapa Branch |author=Wachira Mwangi |date=8 September 2013 |access-date=22 July 2014 |newspaper=Business Daily Africa |location=Nairobi |archive-date=26 July 2014 |archive-url=https://web.archive.org/web/20140726172706/http://www.businessdailyafrica.com/Corporate+News/Jamii+Bora+deepens+reach+with+Mtwapa+branch/-/539550/1984236/-/brxn5ez/-/index.html |url-status=dead }}</ref> # Nakuru Branch: Light House, Kenyatta Avenue, Nakuru # Nyeri Branch: Frontline Building, Gakere Road, Nyeri # Ongata Rongai Branch: Brisma Towers, Ongata Rongai, Nairobi # Thika Branch: Kenyatta Avenue, Thika # Tom Mboya Branch<ref>{{Cite web |date=2025-11-17 |title=Kingdom Bank expands footprint with new Tom Mboya Street branch |url=https://www.citizen.digital/business/kingdom-bank-expands-footprint-with-new-tom-mboya-street-branch-n373179 |access-date=2026-03-26 |website=Citizen Digital |language=en-KE}}</ref>: Nature House, Tom Moya Street, Nairobi # Utawala Branch: Mashariki Mall, Utawala, Nairobi # Wangige Branch: Wangige Shopping Centre, Walokana Petrol Station, Kiambu County
== Subsidiaries == Kingdom Bank has the following subsidiaries<ref>{{Cite web |date=December 21, 2021 |title=Kingdom Bank Annual Report 2021 |url=https://www.kingdombankltd.co.ke/wp-content/uploads/2022/10/Kingdom-Bank-Group-FS-2021.pdf#:~:text=CONSOLIDATED%20INFORMATION.%20The%20Bank%20has%20two%20registered,of%20the%20Bank%20and%20the%20two%20subsidiaries.}}</ref>:
* Kingdom Bancassurance Intermediary Limited (Formerly Jamii Bora Insurance Agency Limited) * Kingdom Leasing Limited (Formerly Jamii Bora Leasing Limited)
==Governance== The five-person board of directors is chaired by Margaret Karangatha. Other board members are Gideon Muriuki, the Cooperative Bank Group managing director, Macloud Malonza, Julius Sitienei and Anthony Mburu, the Kingdom Bank CEO.<ref name="1R"/><ref name="13R"/>
==See also== * List of banks in Kenya * Central Bank of Kenya * Economy of Kenya {{Portal|Banks}}
==References== {{reflist}}
==External links== * [https://www.kingdombankltd.co.ke/ Website of Kingdom Bank Limited] * [http://www.jamiiborabank.co.ke/ Website of Jamii Bora Bank] * [http://www.centralbank.go.ke/ Website of Central Bank of Kenya] * [http://www.craftsilicon.com/Uploads/Jamii%20Bora%20Case%20Study.pdf Case study of Jamii Bora Bank] {{Webarchive|url=https://web.archive.org/web/20110708200801/http://www.craftsilicon.com/Uploads/Jamii%20Bora%20Case%20Study.pdf |date=8 July 2011 }} * [http://www.businessdailyafrica.com/Corporate-News/Jamii-Bora-Sh400-million-bonds-into-shares/-/539550/2393580/-/13ab7gy/-/index.html Jamii Bora Investors To Convert KSh400 Million Bonds Into Shares] *[http://www.businessdailyafrica.com/Corporate+News/Jamii+Bora+profit+jumps+129pc+on+loan+book+growth+/-/539550/1964184/-/q3ec3gz/-/index.html Jamii Bora Profit Jumps 129 Percent On Loan Book Growth] * [http://www.nation.co.ke/magazines/smartcompany/Mating%20season%20sets%20in%20for%20banks%20eyeing%20growth/-/1226/915548/-/4mvpm0/-/index.html The Resilience Of Kenyan Banking Sector]
{{Authority control}} {{Banking in Kenya}} {{Nairobi}}
Category:Banks of Kenya Category:Companies based in Nairobi Category:1999 establishments in Kenya Category:Banks established in 1999