September 23, 2014 10:46 PM ET

Banks

Company Overview of Ecobank Kenya Limited

Company Overview

Ecobank Kenya Limited provides retail, corporate, and treasury banking services in Kenya. It offers deposit products, including savings deposits, amounts payable on demand, and term deposits; and various loans and advances. The company was formerly known as EABS Bank and changed its name to Ecobank Kenya Limited in June 2008. The company is based in Nairobi, Kenya. Ecobank Kenya Limited is a subsidiary of Ecobank Transnational Incorporated.

Ecobank Towers

15th Floor

Muindi Mbingu Street

PO Box 49584

Nairobi,  00100

Kenya

Key Executives for Ecobank Kenya Limited

Managing Director and Director
Executive Director
Secretary
General Manager
Compensation as of Fiscal Year 2014.

Ecobank Kenya Limited Key Developments

Ecobank Kenya Appoints Mohammed Nyaoga as New Chairman of the Board, Effective July 2014

Ecobank Kenya has appointed Mohammed Nyaoga as the new Chairman of the Board of Directors for Ecobank Kenya Limited, effective July 2014. He succeeds Peter Tiras Kanyago, whose six-year tenure as Board Chairman since June 2008 ended on June 30, 2014 in accordance with Ecobank Governance policy. The new Chairman is the Managing Partner in M/s Mohammed Muigai Advocates.

Ecobank Kenya Limited Presents at 6th Annual East Africa Trade & Commodity Finance Conference, May-22-2014 through May-23-2014

Ecobank Kenya Limited Presents at 6th Annual East Africa Trade & Commodity Finance Conference, May-22-2014 through May-23-2014. Venue: Windsor Golf Hotel & Country Club, Nairobi, Kenya. Presentation Date & Speakers: May-22-2014, Edward george, Head of Soft Commodities Research. May-23-2014, Edward George, Head of Soft Commodities Research.

Ecobank Plans To Sell Ecobank Kenya To Local Investors

Ecobank Transnational Incorporated (GHSE:ETI) intends to sell Ecobank Kenya Limited to local investors once it turns profitable. Ehouman Kassi said, "It has always been our model to sell shareholding to locals once we turn profitable in that particular market, we see that happening soon. We plan to open up more capital to local people, but we have no immediate plans to list on the NSE."

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