May 05, 2016 12:52 AM ET

Banks

Company Overview of CFC Stanbic Bank Limited

Company Overview

CfC Stanbic Bank Limited provides various banking products and services in Kenya. It operates in two segments: Personal and Business Banking; and Corporate and Investment Banking. The company’s deposit products include PureSave, savings, current, and trader business accounts; and fixed and call deposits. Its lending activities comprise home, personal unsecured, vacant land, term, and SME loans, as well as vehicle and asset finance, overdrafts, invoice discounting, and revolving credit. The company also offers financing services, such as project finance, leveraged and acquisition finance, and structured trade and commodity finance, as well as for debt primary markets and securitization, equit...

CfC Stanbic Centre

Chiromo Road

PO Box 72833

Nairobi,  00200

Kenya

Key Executives for CFC Stanbic Bank Limited

Chief Executive Officer, Executive Director and Chairman of Asset Liability Committee
Age: 55
Chief Financial Officer
Head of Operations
Executive Director and Regional Chief Executive of CfC Stanbic Bank
Age: 57
Head of Risk
Compensation as of Fiscal Year 2015.

CFC Stanbic Bank Limited Key Developments

CFC Stanbic Bank Limited Presents at 13th Annual African Capital Markets Conference, Nov-27-2015 12:20 PM

CFC Stanbic Bank Limited Presents at 13th Annual African Capital Markets Conference, Nov-27-2015 12:20 PM. Venue: Cape Town International Convention Centre (CTICC), Convention Square, 1 Lower Long Street, Cape Town, 8001, South Africa. Speakers: Wegoki Mugeni, Head, Capital Markets – East Africa.

CFC Stanbic Bank Limited Presents at Future Bank East Africa, Sep-15-2015 04:40 PM

CFC Stanbic Bank Limited Presents at Future Bank East Africa, Sep-15-2015 04:40 PM. Venue: Nairobi, Kenya. Speakers: Simon Njuguna, Chief Information Officer.

CFC Stanbic Bank Limited Announces Earnings Results for the First Quarter Ended March 31, 2015

CFC Stanbic Bank Limited announced earnings results for the first quarter ended March 31, 2015. The company recorded an after tax profit of KES 1.154 billion period ending March 31, 2015. This marked a 28% drop in profits compared to first quarter of 2014 which stood at KES 1.610 billion. The drop was mainly due to a decline in fee and foreign exchange revenues from the South Sudan branch. The current political impasse, which manifested in December 2013, coupled with the drop in global oil prices has hampered economic activity in the country. However, the Kenya banking business continued to record improved performance in the three month period ended March 2015 as compared to the three month period ended March 2014.

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