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ABOUT US

History
Mission & Vision
Investor Relations
Core Values
Board
Management Team
  • Middle East Bank Kenya Ltd (MEB) was incorporated in Kenya in October 1980 and established business in August 1981 with branches in Nairobi and Mombasa. It was established in Kenya as part of the Al-Futtaim Group, a leading conglomerate from the United Arab Emirates owned by Middle East Bank Group, UAE.

    In 1991, Al-Futtaim sold its shareholding in MEB and thus in April of that year, control of the bank passed from foreign to local investors thereby Kenyanising its ownership.

    With over 30 years operating in Kenya, MEB serves a broad range of clientele with branches in Nairobi, Mombasa and Eldoret. Our corporate market encompasses multinationals and small to large sized local companies in diverse sectors such as manufacturing, service delivery and agriculture. Other institutions include parastatals, NGOs, religious organizations, fund managers and insurance companies.

  • Vision Statement

    To be the premier financial services provider of choice in our target markets within Kenya and the region.

    Mission Statement

    Dedicated to providing value-added solutions for our clients' financial needs.

  • 1. Name and Level of Ownership.
    PRIMECORP HOLDINGS LIMITED
    17.84%
    BAUMANN MANAGEMENT SERVICES LIMITED
    11.57%
    MEB HOLDINGS LIMITED
          11.57%
    GOOD FORTUNE LIMITED
    11.57%
    MUSTANG LIMITED
    10.47%
    2. Number and Percentage of Individual and Corporate Shareholders.
    Number of Individual Shareholders
    20
    % of Individual Shareholders
    4.48%
    Number of Corporate Shareholders
    20
    % of Corporate Shareholders
    95.52%
    3. Number and Percentage of Local and Foreign Ownership.
    Number of Foreign Owners
    2
    % of Foreign Ownership
    9.78%
    Number of Local Owners
    38
    % Percentage of Local Ownership
    90.22%
     
    • Putting the customer first in everything we do while striving to not only meet but also exceed customers´ expectations (CUSTOMER FOCUS)
    • Listening and seeking to understand our customer´s needs in order to «get it right the first time» (LISTENING)
    • Upholding the highest level of professionalism and integrity in our interactions with all stakeholders (PROFESSIONALISM)
    • Working as a Team with respect for each others´ input and divergent views (TEAMWORK)
    • Being a responsible Corporate Citizen (CSR)

       

  • Mr. A. A. K. Esmail - Chairman

    He is a senior partner in a well established law firm and sits on the board of many companies operating in Kenya.

    Mr. Dhirendra Rana - Managing Director

    Mr. Anil Raja - Director

    A Fellow of the Institute of Chartered Accountants of England and Wales since 1975, he is also a Certified Public Accountant - Kenya and has been a non-executive Director of Middle East Bank for the last 16 years. He is also the Executive Chairman of City Trust Limited, a Director of Norfolk Towers Limited and a non-executive Director of Longonot Place.

    Mrs. Nancy Kaminchia - Director

    She has been a board member of various bodies in the agricultural sector and Privatisation Commission. She has also been a consultant in the restructuring and privatising of parastatal sugar companies. She is a Masters Graduate of University of Bath, Britain.

    Mr. Tom Mulwa

    Mr. Mulwa is the current MD/CEO of Liason Group Limited who are a leading insurance brokers and fund managers, and is in charge of all the group’s operations in Kenya, Uganda, Tanzania, Rwanda and South Sudan. Mr. Mulwa holds an MBA from the University of Leicester in the UK and a Bachelor of Commerce Degree (Insurance Option) from the University of Nairobi. He is an associate member of the Risk Insurance Management Society (USA) and is a certified director – Centre of Corporate Governance. Mr. Mulwa is the current chairman of the College of Insurance and the Karen Country Club, a director at Policy Holders Protection fund and a member of the East African Business Council (EABC) and Kenya Private Sector  Association (KEPSA). He has also previously held the position of Chairman of the Association of Insurance Brokers, Kenya.

    Ms. Faith Kibowen

    Is currently the Group Finance Manager at Adgroup Limited, which is the management company for media and data services companies Adtel Phone Company Ltd., Jamii Telecommunications Ltd., Adwest  Communications and Kass Media Group Ltd. Ms. Kibowen, a chartered accountant holds an MBA from the East & Southern Africa Management Institute and a Bachelor of Commerce Degree from the University of Nairobi. She had previously held the position of Internal Auditor at Adgroup Limited and has also been an auditor with Deloitte.

    • Dhirendra Rana - Managing Director
    • Fred Khaduli - Head of Corporate Banking
    • Shadrack Musyoka - Head of Treasury
    • Joseph Kinuthia - Head of Administration
    • Mary Gitahi - Head of Finance
    • Solomon Odiero - Internal Auditor
    • Nadia Zein - Head of Operations
    • Samuel Tanui - Head of Credit
    • Edith Omolo - Compliance & Risk Manager
    • Krishna Shah - Head of Retail
    • Dorcas Namwendwa - Head of HR
    • Garfield Settim - Head of ICT