The story
The bank was incorporated in 1989, as a result of the merger of the following nine insolvent financial institutions:
Jimba Credit Corporation Limited
Union Bank of Kenya Limited
Kenya Savings and Mortgages Limited
Estate Finance Company of Kenya Limited
Estate Building Society
Business Finance Company Limited
Citizen Building Society
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Nationwide Finance Company Limited
Home Savings and Mortgages Limited
Consolidated Bank aims to meet the banking needs of both individuals and institutions. In the beginning, the institution was limited to collecting the debts of the failed legacy financial institutions. However, the Central Bank of Kenya issued CBKL with a full commercial banking license in 2001.
Banking services include current accounts, savings accounts, fixed and call deposits, loan and overdraft facilities, local and overseas money transfer services, and local and international trade finance. The bank is also active on the local inter-bank money market.
From Wikipedia’s article on Consolidated Bank of Kenya, shared under CC BY-SA 4.0.4