Stanbic Bank Ltd

Stanbic Bank Kenya Limited (SBK) was established in 1958 when Ottoman Bank incorporated its first subsidiary in the region. In 1969, Ottoman Bank sold its Kenyan operations to National and Grindlays Bank (NGB Kenya) making its exit from the East African market. In 1970, the Kenya government and NGB entered into an agreement that saw the government takeover full control of NGB Kenya with the exception of the two branches inherited from Ottoman Bank. NGB Kenya was then rebranded to Kenya Commercial Bank while the two separated branches became Grindlays Bank International (Kenya) Limited (GBI). In 1992, Standard Bank Investment Corporation (Stanbic Bank), a subsidiary of Standard Bank, acquired GBI by virtue of it being part of ANZ Grindlays Bank's African subsidiaries. The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993.