Mission and Vision

Mission:

To enhance the wealth and fulfilment of life for our customers

Vision:

To be a respected and significant financial services business partner in Africa.

Our Values:

• Confident
• Comfort
• Prestige
• Elegant

We want to help you get more out of life. To this end we follow a forward thinking, innovative and reliable strategy, adhering to principles of good banking - strong capitalization, liquidity, risk diversification, conservative lending policies, investment in service delivery channels and customer experience orientation.

About Us

At CBA, your success is our success. That’s why everything we do is focused around helping you achieve your financial goals. Our aim is to provide you with exceptional financial services that enable you to save, invest and grow your wealth. By offering services that are simple and effective we strive to give you time for more, for things that matter most to you. Have a look around this site to find out how you can benefit from our unique range of banking products and services. 

 

Our History

Commercial Bank of Africa Ltd (CBA) is the largest privately owned bank in East Africa and has been operating for over 50 years. CBA was founded in Tanzania and branches were set up in Kenya and Uganda shortly thereafter.  

CBA began as a subsidiary of Societe Financiere pour les pays D’Outre Mer (SFOM), a Swiss-based consortium bank. Other consortium members included Bank of America, Commerzbank (now Dresdner Bank), Bank Bruxelles Lambert and Banque National de Paris.

In 1980, Bank of America bought out all of SFOM’s partners and restructured CBA to mirror their own systems and disciplines before selling its majority shares to local investors.

CBA has since developed a reputation as the go-to provider for large corporations, institutions, diplomatic missions, NGOs and high net-worth private clients.

However in 2011, CBA began a drive towards innovation in the banking space, pushing its product team to pioneer new developments that cater to a wider local audience. To date CBA has been first to market with full digital banking channels, first with M-Pesa and M-shwari products, the first US dollar credit card in Kenya, the first 110% mortgage offering and the first foreign currency based mortgage provider.

As a world-class financial services provider, CBA offers clients a vast range of products and services that are both tailored to local needs and inspired by global innovation.

Board of Directors

The CBA Kenya Board of Directors consists of nine members; each one bringing a vast amount of experience and knowledge coupled with their unique skill sets to CBA.

Chairman

Mr. Desterio A. Oyatsi

Mr Oyatsi is an advocate of the High Court of Kenya and Managing Partner of Shapely, Barret & Company, Advocates. He is currently a non-executive director of KenolKobil Limited and chairman of Metropolitan Life Insurance Kenya Ltd. He was a non-executive director of Capital Market Authority between 1999 and 2002 and of Telkom Kenya Ltd between 1999 and 2003.

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Deputy Chairman

Mr. Muhoho Kenyatta

Mr. Kenyatta is a leading entrepreneur, businessman and director of several companies within the Eastern Africa region including Brookside Dairy Ltd, Heritage Holdings Ltd, Kenya Dairy Board and Timsales Holding Ltd. He is a graduate of Williams College, Massachusetts, in the USA holding an Economics and Political Science degree.

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Group Managing Director

Mr. Isaac Awuondo

Isaac Awuondo holds a Bachelor of Commerce (Accounting and Finance) degree from the University of Nairobi. He is a member of the Institute of Chartered Accountants in England and Wales (ACA) and member of the Institute of Certified Public Accountants of Kenya (CPA K). Isaac has over 32 years experience in the finance and banking sectors spanning Europe and Eastern Africa having previously worked with BDO Binder Hamlyn, Nation Media Group and Standard Chartered Bank in various senior executive roles. He is chairman of the Financial Sector Board of KEPSA, chairman of the Council of Riara University and director of Bata Shoes Company Kenya Limited and Nairobi Java House Limited. He is also chairman of the Kenya Conservatoire of Music and the Kenya Hospital Association (Nairobi Hospital) and trustee of the Rhino Trust and Zawadi Africa Education Fund.

3

Chief Executive - Kenya

Mr. Jeremy Ngunze

Jeremy is the Chief Executive Officer, CBA Kenya with overall responsibility for the bank in Kenya in terms of governance, performance management, client relationships, advisory business and human resource management. Jeremy has had wide experience in the banking industry having worked with the Standard Chartered Bank (SCB) for 18 years, where he held various top management positions in Africa and Asia regions, prior to joining CBA. He is a board member of various organisations, including PACT Inc in Kenya and Waldorf Educational Trust School. Jeremy holds an MBA, in Financial Management from the University of Manchester Business School and a Bachelor of Commerce degree from University of Nairobi.

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Director

Mr. Stuart J Armitage

Mr. Armitage is a chartered accountant with considerable experience in agricultural finance and property development. He is a director of several companies operating in Kenya and East Africa region including Brookside Dairy Limited, Heritage Holdings Ltd and Green Park Investments Ltd.

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Director

Hon. Abdirahin Haithar Abdi

Hon. Abdi served as the speaker of the East African Legislative Assembly (2007 to 2012), having been a member of the assembly from 2001. He was instrumental in significantly influencing legislative, oversight and representation activities of the assembly charged with fostering regional integration. Hon. Abdi holds a BSc degree in Business Administration (Finance), has been accorded presidential awards and international appointments in legislative roles for his distinguished service to the nation and region. He is a seasoned businessman with multi sectoral experience gained from the private and public sectors and holds directorships in various companies.

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Director

Mr. Nicholas A. Nesbitt

Mr Nesbitt is the Country General Manager, IBM East Africa. Until recently, he was the Chief Executive of KenCall, a leading international BPO/call centre outsourcing company in East Africa. He also held senior executive positions in the United States at Qwest Communications, Rhythms, US WEST and Square D. He began his career as a management consultant at The Boston Consulting Group. Mr. Nesbitt has
served as a member of the Board of several corporate and public sector boards including AMREF Flying Doctors, Kenya School of Monetary Studies, Multimedia University and Gateway insurance and is an active member of the World Economic Forum and other business-related organizations. He received his MBA from Stanford University and both his Masters and Bachelors engineering degrees from Dartmouth College. He is a member of the Young Presidents Organization (YPO) in Nairobi.

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Director

Mr. Nelson J.M Mainnah

Mr. Mainnah holds a Bachelor of Commerce (Accounting) degree from the University of Nairobi. He is a member of Kenya Institute of Management and is an alumnus of INSEAD,France,where he obtained qualifications on Risk Management in Banking. He retired from CBA as Group Head of Enterprise Risk in April, 2012 after working at the bank for thirty eight years. Mr. Mainnah has considerable expertise in business management, credit and enterprise risk, and treasury operations. Nelson holds various board positions in the educational sector and offers financial leadership in various charitable organisations. He is currently involved in strategic leadership and risk management through consultancy services.

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Director

Mr. Mukesh K. R. Shah

Mr. Shah is a Fellow of the Association of Chartered and Certified Accountants (FCCA), member of the Institute of Certified Public Accountants of Kenya (CPA K) and the Institute of Certified Public Secretaries of Kenya (ICPS K). Mr. Shah is a former partner of Price Waterhouse, and served in various senior executive capacities within the region and in the UK. He has in-depth professional experience and knowledge of family business management, strategic planning and mergers & acquisitions gained over a period of over 39 years.

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