July 25, 2014 9:31 PM ET

Banks

Company Overview of Fidelity Commercial Bank Ltd.

Company Overview

Fidelity Commercial Bank Ltd. operates as a commercial bank that provides banking products and services for businesses and individuals. The company offers banking products and services, including credit facilities, such as overdraft, asset finance, equipment and machinery finance, development finance, trade finance, bill discounting, and bonds and guarantees; treasury services, such as foreign exchange, foreign currency deposits, society for worldwide interbank financial telecommunication transfers, expert foreign exchange guidance, western union services, and real time gross settlement; accounts, such as current, fixed deposit, call deposit, and savings; credit Visa cards and corporate card...

7th Floor

IPS Building

Kimathi Street

P.O. Box 34886

Nairobi,  00100

Kenya

Founded in 1988

Phone:

254 020 2242348

Fax:

254 020 2243389

Key Executives for Fidelity Commercial Bank Ltd.

Managing Director and Executive Director
Financial Controller
General Manager of Operations
Executive Director
Assistant General Manager of Treasury
Compensation as of Fiscal Year 2014.

Fidelity Commercial Bank Ltd. Key Developments

Fidelity Commercial Plans To List On Nairobi Securities Exchange

Fidelity Commercial Bank Ltd is planning to list itself on Nairobi Securities Exchange by 2016. The bank plans to cede up to 25% shares to a large fund before 2014 as it seeks new capital to enable it lend to start-ups and small businesses especially in the counties. Fidelity Commercial’s Executive Director, Sultan Khimji said, “We are talking to potential partners, who could be the larger private equity funds or larger development finance institutions. We are hoping the strategic partner will come in before 2014 prior to our targeted listing by 2016." He said the bank will now target smaller businesses as this is an area for growth and also given the fact that competition in the local banking industry has continued to intensify across all the clientele segments, with banks increasingly seeking to firm their grip on their customers.

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