Name: NATIONAL BANK OF KENYA
Item: NATIONAL BANK OF KENYA
Author: Admin

National Bank of Kenya (NBK), commonly referred to as National Bank, is a commercial bank in Kenya.
National Bank was established on 19th June 1968 and launched officially on Thursday, November 14th 1968. It was a government-owned institution. The purpose for its formation was to help Kenyans get access to credit and control their economy after independence
In 1994, the Government decreased its shares by 32% (40 Million Shares) to members of the public. In May 1996, it decreased its shares by 40 million and let it out to the public. The recent shareholding structure is as follows: National Social Security Fund (NSSF) 48.06%, General Public – 29.44% and Kenya Government 22.5%. In 2003, the bank increased its Share Capital to Ksh9 billion through the creation of 1,200,000,000 non-cumulative preference Shares of Ksh5 each. The current issued and fully paid up share capital is Ksh6.675 billion held by National Social Security Fund (NSSF) 48.06%, General Public – 29.44% and Kenya Government 22.5%.

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NATIONAL BANK OF KENYA

NATIONAL BANK OF KENYA

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