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Giro Commercial Bank information


Giro Commercial Bank
Company typePrivate
IndustryFinancial services
Founded1992 (1992)
DefunctFebruary 12, 2017 (2017-02-12)[1]
FateAcquired by I&M Holdings
HeadquartersNairobi, Kenya
Key people
C. J. Gidoomal
Chairman
Sanjay Gidoomal
Executive Director
ProductsBanking
Websitewww.girobankltd.com

Giro Commercial Bank, whose full name was Giro Commercial Bank Limited, was a commercial bank in Kenya it was acquired and absorbed by I&M Holdings in 2017. It was licensed by the Central Bank of Kenya, the central bank and national banking regulator.[2]

As of December 2013, the total asset base of Giro Commercial Bank was valued at approximately KSh.13.623 billion/= (US$157.67 million), with shareholders' equity of approximately KSh.2.086 billion/= (US$24.15 million). Then, the bank held KSh.11.457 billion (US$132.6 million), in customer deposits.[3] At that time, the bank was ranked number 29 out of 43 licensed banks in Kenya.[4]

  1. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  2. ^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya. Retrieved 8 August 2014.
  3. ^ "Audited 31 December 2013 Annual Report And Financial Statements" (PDF). Central Bank of Kenya. Retrieved 8 August 2014.
  4. ^ "Kenya Bank Rankings By Assets In 2013". Bankelele.Co.Ke. 28 April 2014. Retrieved 9 August 2014.

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