Kingdom Bank Limited (Kenya)

The headquarters of the bank are located at Kingdom Towers (formerly Jamii Bora Towers), along Argwings Kodhek Road, in Kilimani, Nairobi,{{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}} approximately {{convert|6|km|0}}, by road, west of the city centre.{{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}} 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).{{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}}

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.{{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}}

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.{{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}}

Kingdom Bank was finally acquired and is a subsidiary of the Co-operative Bank of Kenya since its acquisition in August 2020, is dedicated to fostering the financial growth of MSMEs in Kenya including youth and women-owned enterprises.

The bank has a network of 23 branches, and is expanding.https://www.kingdombankltd.co.ke/about-kingdombank/

In March 2018, the bank's total assets were valued at approximately KSh12.5 billion (US$117 million).{{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}}

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}}

Jamii Bora Bank is privately owned. A rights issue of US$4 to 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.{{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}}

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.{{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}}  

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.{{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}} On 7 August 2020, Cooperative Bank received all the necessary regulatory approvals to acquire 90 percent shareholding in Jami Bora Bank.{{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}} On 25 August 2020, the bank re-branded to Kingdom Bank Kenya Limited.{{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}}

{{asof|August 2020}}, the bank maintained a network of branches at the following locations:{{cite web|

url=https://www.jamiiborabank.co.ke/branches/ |title=The Branches of Kingdom Bank Kenya Limited |publisher=Jamii Bora Bank |

date=August 2020 |author=Jamii Bora Bank |access-date=25 August 2020 |location=Nairobi}}

1. Koinange Branch - Jamii Bora House, Muindi Mbingu Street, Nairobi
2. Ongata Rongai Branch: Ongata Rongai, Nairobi
3. Thika Branch: Kenyatta Avenue, Thika
4. Kikuyu Branch: Brick House, Kikuyu
5. Kisumu Branch: Mega Plaza, Oginga Odinga Street, Kisumu
6. Kayole Branch: Kayole, Nairobi
7. Nyeri Branch: Naivas Mall, Nyeri
8. Mtwapa Branch - Mtwapa{{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}}
9. Mombasa Branch: Southern House, Moi Avenue, Mombasa
10. Kawangware Branch: Mbugua Plaza Junction, Kawangware, Nairobi
11. Kilimani Branch: Jamii Bora House, Argwings Kodhek Road, Nairobi
12. Kirinyaga Road Branch: Kirinyaga Road, Nairobi
13. Kitengela Branch: Kitengela
14. Kiambu Branch: Kiambu
15. Wangige Branch: Wanie, Kiambu County
16. Utawala Branch: Utawala, Nairobi
17. Nakuru Branch: Nakuru
18. Kisii Branch: Kisii

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.

• List of banks in Kenya
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{{Portal|Banks}}

{{reflist}}

• [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]
• [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]

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Category:1999 establishments in Kenya

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