Name: K-REP BANK
Item: K-REP BANK
Author: Admin

Sidian Bank, formerly known as K-Rep Bank, is a commercial bank in Kenya, licensed by the Central Bank of Kenya, the national banking regulator
The headquarters of Sidian Bank are located at K-Rep Centre, on Wood Avenue, in Kilimani, a neighborhood in Nairobi, the capital and largest city in Kenya.
The bank is a medium-sized financial services provider, serving the urban and rural poor and small-to-medium business enterprises in Kenya. As of December 2017, the total assets of the bank were valued at about US$US$193 million (KES:19.3 billion), with shareholders’ equity of approximately US$34.9 million (KES:3.446 billion). As of April 2016, the bank customer base exceeded 300,000. The name Sidian is derived from Obsidian, an extrusive indigenous rock.
Sidian Bank was founded in 1984 as K-Rep Bank. In the beginning, the organization provided grants and technical assistance to non-governmental organizations (NGO). The NGOs then made loans to micro-enterprises.
In 1989, K-Rep changed its strategy to lending to the NGOs. The technical assistance that had been provided for free now attracted a fee.
In 1999, K-Rep re-organized itself into three entities:
1.K-Rep Group – This is the parent company. It owns, either wholly or partially, the other three subsidiaries.
2.K-Rep Development Agency – This agency carries out research and developmental assistance work for the group
3.K-Rep Advisory Services – This company provides consultancy services for a fee.
In 2015, Centum Investment Company completed its acquisition of a majority stake in the bank. The bank later changed its name from K-Rep Bank to Sidian Bank on 4 April 2016, to reflect the majority shareholding by Centum Investments Limited.

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