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Commercial bank of Africa

Commercial bank of Africa

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Commercial Bank of Africa (CBA) was founded in 1962 and its main office is in Nairobi Kenya where it offers financial services.it formerly belonged to a coalition of financial institutions known as Société Financière pour les Pays d’Outre-Mer (SFOM), based in Switzerland.
Its founding members were Banque Nationale de Paris, Bank Bruxelles Lambert, Commerzbank, and Bank of America. Bank of America, in 1980, obtained 84% shareholding, buying out the other SFOM members. Kenyan investors remained with 16%. When Bank of America dispossessed its shares, Kenyans took 100%of the shares.

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