ABC Bank Kenya Description
ABC Bank (Kenya), whose full name is African Banking Corporation Limited, is a commercial bank in Kenya. ABC Bank Kenya is one of the forty-three licensed commercial banks in the country.
ABC Bank Kenya provides banking services to large corporations, medium-sized businesses, small business enterprises as well as individuals.
ABC Bank Kenya started operations in 1984, as a non-bank financial institution called Consolidated Finance Company. In 1995, after obtaining a banking license from the Central Bank of Kenya, the institution began commercial banking operations and changed its name to African Banking Corporation Limited, commonly referred to as ABC Bank (Kenya).
In 2008, ABC Bank (Kenya) began negotiations to acquire Capital Finance Corporation Limited, a Tier III Ugandan Financial Institution. A commercial banking license was awarded in 2009 by the Bank of Uganda. Full commercial banking operations in Uganda, commenced in 2010. In February 2010, the bank rebranded to ABC Capital Bank. ABC Bank holds a 68% shareholding in ABC Capital Bank based in neighboring Uganda.
As of July 2014, ABC Bank Kenya offers a variety of banking services including Internet banking and mobile (wireless) banking.
List of Banks in Kenya
ABC Bank (Kenya)
Bank of Africa
Bank of Baroda
Bank of India
Barclays Bank of Kenya
CfC Stanbic Holdings
Chase Bank Kenya
Citibank
Commercial Bank of Africa
Consolidated Bank of Kenya
Cooperative Bank of Kenya
Credit Bank
Development Bank of Kenya
Diamond Trust Bank
Ecobank Kenya
Equity Bank
Family Bank
Fidelity Commercial Bank Limited
First Community Bank
Giro Commercial Bank
Guaranty Trust Bank Kenya
Guardian Bank
Gulf African Bank
Habib Bank
Habib Bank AG Zurich
Housing Finance Company of Kenya
I&M Bank
Imperial Bank Kenya
Jamii Bora Bank
Kenya Commercial Bank
Middle East Bank Kenya
National Bank of Kenya
NIC Bank
Oriental Commercial Bank
Paramount Universal Bank
Prime Bank (Kenya)
Sidian Bank
Spire Bank
Standard Chartered Kenya
Trans National Bank Kenya
United Bank for Africa
Victoria Commercial Bank
mortgage
mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a term used by English lawyers in the Middle Ages meaning “death pledge”, and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. Mortgage can also be described as a borrower giving consideration in the form of a collateral for a benefit (loan).
ABC Bank Kenya Contacts
Physical Location: Abc Bank,Mezzanine Floor,Koinange Street
Postal Address: 46452
Postcode: 00100
City: Nairobi Town
Country: Kenya
Telephone: 254-020- 2223922
Email: headoffice@abcthebank.com
Fax: 254-020- 2222437
Website: www.abcthebank.com
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