You also agree to receive information and offers relevant to our services via email and you may opt-out at any time. As of December 2013[update], the bank's total assets were valued at about KSh.15.562billion/= (US$180 million), with shareholders' equity valued at about KSh.1.371billion/= (US$16million). As part of delivering on our new brand promise, we have adopted new approaches to managing our business by focusing on technology, people and processes as our focal pillars for growth, he said. I help you to save time and live more with the most up-to-date lists, guides, reviews, and advice. To explore Spire Banks full profile, request access. First Community BankMpaka Rd, Nairobi City, KenyaCoordinate: -1.2647364, 36.8050293Phone: +254 20 2843000 (www.firstcommunitybank.co.ke), 3. Discover the practices of the best performing sales teams, Trusted by 280,000+ revenue teams of all sizes, By clicking Submit or signing up, you agree to the Terms of Use and Privacy Policy. All rights reserved. SaaS, Android, Cloud Computing, Medical Device), Operating Status of Organization e.g. Provider of financial services based in Nairobi, Kenya. [6] The Merger was aimed at enabling the banks meet the Central Bank of Kenya requirement for commercial banks shore up their core capital to at least KSh.1billion/= (approximately US$12million).[7]. [9] This move was in line with the strategic objective of the society of expanding business opportunities. Spire Bank provides a comprehensive package of financial services and products, tailored to suit our clients requirements. Established as an Equatorial Finance Company in 1983, Due to change in regulation, Equatorial Finance Company was converted to Equatorial Commercial Bank Limited and commenced operations as a fully-fledged commercial bank in June 1995. List of Darkest Events in Kenya Since Independence, How To Pay Electricity Bill Through Mpesa In Kenya, List Of Best Logbook Loans Providers In Kenya, List Of Most Profitable Businesses In Kenya 2022, Updated List Of Best Mobile Loan Apps in Kenya, List of Top 10 Best Places to Live in Nairobi. Mombasa Road Branch - Sameer Business Park, Mombasa Road. [4] The company has a 20% investment in Equatorial Investment Bank Limited and 23.86% in Fidelity Shield Insurance Company Limited which have been accounted for as associate companies in the consolidated financial statements. The acquisition, was to enable the Sacco to collect deposits from beyond its membership, access funds at lower rates, venture into trade finance and offer its members ATM services. Kakamega Branch - Jubilee Ironmongers Building, Canon Awori Road. Active, Closed, Last funding round type (e.g. The bank has been operating in the country since 1995. Location: Mwalimu Towers, Hill Lane, Upper Hill, Contact : +254 703 047 777, +254 (20) 4981000, Location: The Priory, 1st Floor Argwings Kodhek Road, Contacts : +254 (20) 4981000/ 0703 047 777, Location: Chester House Ground floor, Koinange Street, Contacts: +254 (20) 4981000/ 0703 047 777, Location: Sameer Business Park, Mombasa Road, Location: Equatorial Fidelity Centre, Waiyaki Way, Contacts: 254 (20) 4981000, +254 703 047 777, Location: Equatorial Commercial Bank Building, Moi Avenue, Location: Vickers House, Ground Floor, Kenyatta Avenue (Opposite West SideMall), Location: Jubilee Ironmongers Building, Canon Awori Road, Location: Harleys House, Oginga Odinga Street. Transunion CRB KenyaRing Road, Nairobi, KenyaCoordinate: -1.2645725, 36.7821541Phone: +254 785 728338 (www.transunionafrica.com), 6. View contacts for Spire Bank to access new leads and connect with decision-makers. Win whats next. It rebranded to Spire Bank in 2016 following an acquisition by Mwalimu National Sacco. rights 2022 PitchBook. Delivery Manager, Manager, Service Delivery Manager. How many employees does Spire Bank Kenya have? Let us show you how our accurate B2B company and contact data can help you reach the right decision makers and close more deals. Spire Bank managing director Tim Gitonga said the bank will focus on retail, SME and corporate banking products over the next three years supported by technology. [11], Prior to December 2014, As of August 2014[update], Naushad Merali of Sameer Group owned 85% of the bank's stock, with other entities owning the remaining 15%. PesaPoint POS Oil Libya Electro SystemsBaba Dogo Road, Nairobi, KenyaCoordinate: -1.243487, 36.880529Phone: +254 20 2853300 (www.pesapoint.co.ke). The deal was concluded at the end of 2014 and in 2015, the Sacco acquired another 24 percent shareholding, bringing its ownership to 75 percent. Spire Bank provides a comprehensive package of financial services and products, tailored to suit our clients requirements, while keeping our procedures simple and rates competitive. [8], In September 2014, Mwalimu Cooperative Savings & Credit Society Limited, Kenya's largest Sacco by assets, made a bid to acquire 51% shareholding in Equatorial Commercial Bank in a deal valued at KSh.1.7billion/= (approximately US$18million). Hurlingham Branch - Priory Place, Argwings Kodhek Road. customer relations is a vital part of our business strategy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service, Our product consultants will reach out within one business day, For general questions visit our help center. [3] At that time, the bank was ranked number 27, by assets, out of 43 banks licensed in Kenya. Our goal is to offer specialized services by using a professional approach, which in turn will build long-term relationships with our clients. Equatorial Commercial Bank has rebranded to Spire Bank and announced plans to review its business units operations as it targets to move from tier-three to tier-two in five years. Ecobank Kenya Head OfficeFortis Office Park, Muthangari Dr, Nairobi, KenyaCoordinate: -1.2606857, 36.7834199Phone: +254 719 098000 (www.ecobank.com), 5. Barclays Bank, Development House Branch6 Moi Ave, Nairobi City, KenyaCoordinate: -1.2881607, 36.8272679Phone: +254 20 2211930 (www.barclays.co.ke), 4.



ECB implemented a KSh.264million/= (approximately US$3.1million) rights issue to increase its authorized and issued share capital in order to meet the capital adequacy requirements of the merged bank. How to Work With Clients as a Freelance Artist: Top 7 Tips. Where is Spire Bank Kenya headquarters located. [16], As of August 2014[update], the bank operates a network of branches at the following locations:[17], Mwalimu Cooperative Savings & Credit Society Limited, "Equatorial Bank hires ex-HF executive Gitonga for top job", "Directory of Commercial Banks And Mortgage Finance Companies", "Audited 31 December 2013 Annual Report And Financial Statements", "Commercial Banks & Mortgage Finance Companies: Conversions From 1994 Until 2007", "Central Bank of Kenya - Bank Supervision: Mergers And Acquisitions From 1989 Until 2010", "Equatorial And Southern Credit Merger Gets Nod", "Kenya's Equatorial Commercial, Southern Credit Banks Complete Their Merger", "Sasra To Approve Mwalimu Sacco Bid To Acquire ECB", "Kenyan teachers to inject $3.75m more into ECB", "Equatorial Commercial Bank rebrands to Spire Bank", "Merali Accused of Governance Flaws At Equatorial Commercial Bank", "Equatorial Bank In Talks For Sale of KSh1.3 Billion (US$15 Million) Stake", "Teachers to pay more to keep ECB stake in Sh1bn cash call", "Mwalimu Sacco Needs Over KSh2 Billion To Turn Around ECB", "Mwalimu Sacco edges Merali out of Spire Bank, begins search for strategic investor", "The Branches of Equatorial Commercial Bank", Mwalimu Sacco to sell Juja land after loss at bank, Spire Bank premium slash signals more rate reductions, Structured Financial Messaging System (SFMS), https://en.wikipedia.org/w/index.php?title=Spire_Bank&oldid=1097703859, Articles containing potentially dated statements from December 2013, All articles containing potentially dated statements, Articles containing potentially dated statements from August 2014, Creative Commons Attribution-ShareAlike License 3.0, KSh.15.562billion/= (US$180million) (2013). This is a list of all Spire Bank branches in Kenya. The making of a winning Sales organization: Challenges, trends and opportunities in 2022. The Equatorial Commercial Bank - Southern Credit Banking Corporation merger transaction was structured in the following four interlinked phases: The merger transaction consideration was entirely satisfied by the issue of shares and there was no cash transaction.

You can try to dialing this number: +254 20 4981000 - or find more information on their website: Waiyaki Way, Equatorial Fidelity Centre, Nairobi, Kenya. The merger gave ECB critical mass to further develop & grow in a dynamic & competitive market place. Youre viewing 2 of 3 executive team members.

Westlands Branch - Ground Floor, Westlands Mall. ECB, which was acquired by the largest Sacco in Africa, Mwalimu Savings and Credit Cooperative Society earlier this year, plans to roll out a new core banking system by this year to support the development of additional banking products. Our goal is to offer specialized services by using a professional approach, which in turn will build long-term relationships with our clients. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. Established as a Finance Company in 1983, Equatorial Commercial Bank Limited (ECB) commenced operations as a fully-fledged commercial bank in 1995. In June 2010 Equatorial Commercial Bank merged with Southern Credit Banking Corporation, creating a new enlarged bank under the Equatorial Commercial Bank brand. Kisumu Branch - Harleys House, Oginga Odinga Street. The bank is a medium-sized financial institution in Kenya, serving corporate clients, small and medium enterprises and individuals. Get the full list. Moi Avenue Branch - Equatorial Commercial Bank Building, Moi Avenue. Industrial Area Branch - Avon Centre, Enterprise Road. Nyali Branch - Nyali Cinemax Complex, Kongowea Road. [13], The shareholding in the bank stock, as at March 2016, is depicted in the table below:[14], In December 2020, The EastAfrican reported that Mwalimu Sacco had concluded the acquisition of the 25 percent shareholding in Spire Bank, that the Sacco did not previously own. At Spire, creating good. Spire bank jobs |Spire bank auto loans | Spire bank routing number | Spire bank kenya careers | spire Bank Kenya contacts | spire bank kenya jobs | Equatorial Commercial bank Kenya Careers | equatorial commercial bank-head office nairobi, kenya. Total number of Crunchbase contacts associated with this organization, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. In 2016 ECB rebranded to Spire Bank. This information is available in the PitchBook Platform. You can try to dialing this number: +254 20 4981000 - or find more information on their website: www.spirebank.co.ke, Monday: 9:00 AM 4:00 PMTuesday: 9:00 AM 4:00 PMWednesday: 9:00 AM 4:00 PMThursday: 9:00 AM 4:00 PMFriday: 9:00 AM 4:00 PMSaturday: 9:00 AM 1:00 PMSunday: Closed, Latitude: -1.2604185Longitude: 36.7862391, 1. [5], In June 2010 Equatorial Commercial Bank (ECB) merged with Southern Credit Banking Corporation (SCBC), creating a new enlarged bank under the Equatorial Commercial Bank brand. Spire Bank-Head Office is located at: Waiyaki Way, Equatorial Fidelity Centre, Nairobi, Kenya. Chester House Branch - Ground Floor, Chester House, Koinange Street. The bank, which was established in 1983, plans to refocus its banks branches into sales and service centres, as it moves to reduce operational costs, improve customer interaction and develop new business opportunities. The company's financial services provide personal & business banking and insurance, including loan provision, savings account, current account, fixed deposit, corporate and personal insurance. This is a profile preview from the PitchBook Platform. Spire Bank, formerly known as Equatorial Commercial Bank, is one of the 38 licensed commercial banks in Kenya. reserved. Equatorial Commercial Bank-Card CentreWaiyaki Way, Equatorial Fidelity Centre, Nairobi, KenyaCoordinate: -1.260483, 36.786215Phone: +254 703 047000 (www.equatorialbank.co.ke), 2. Edit Lists Featuring This Company Section, Teachers find buyer for loss-making Spire Bank, Africa Companies With More Than 10 Employees (Top 10K), Africa Companies With Fewer Than 100 Employees (Top 10K), Africa Companies With More Than 50 Employees. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[2]. With a diverse client base, Spire provides a comprehensive package of financial services and products, tailored to suit our clients requirements, while keeping our procedures simple and rates competitive. [12] In order to comply with Central Bank of Kenya directives, the bank began exploring ways to sell shares to outside investors and reduce the shareholding of the largest individual shareholder to 25% or less. Nakuru Branch - Apple House, Nakuru-Nairobi Highway, This page was last edited on 12 July 2022, at 06:09. Copyright 2022 Lusha Systems Ltd. All

Waiyaki Way Branch - Equatorial Fidelity Centre, Waiyaki Way.

At Spire, creating good customer relations is a vital part of our business strategy. The price that Mwalimu paid was not immediately disclosed. [10], In July 2016, the bank was rebranded to Spire Bank. 8 Sales Pipeline Software to Turn Reps into Elite Sellers! Spire Bank, formerly known as Equatorial Commercial Bank (ECB), is a commercial bank in Kenya, the largest economy in the East African Community.