About Us
DBK is fully fledged Commercial Bank regulated by the Central Bank of Kenya. Established in September 1963 as Development Finance Company of Kenya Limited (DFCK), initially as a non-banking financial institution focused on promoting and developing commercially viable projects.
Formation
- Initiative by three Governments:
- Kenya through ICDC (Industrial and Commercial Development Corporation)
- British through CDC (Commonwealth Development Corporation)
- German through DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH)
- Dutch joined in 1967 through Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)
- IFC (International Finance Corporation) joined in 1981
Shareholding History
- April 2004: ICDC acquired shares of DEG, FMO, and IFC, resulting in:
- 89.3% (46,551,750 shares) for ICDC
- 10.7% for CDC
- 2006: TransCentury acquired 10.7% shares of CDC
- Recently, TransCentury sold its shares to:
- Star Discover Life Investment Ltd: 4.5% (2,343,890 shares)
- Danmill Enterprises Limited: 2.2% (1,145,902 shares)
- Suods Logistics Limited: 4.0% (2,083,458 shares)
Banking Operations
- 1995: Issued banking license by CBK
- 1997: Commenced operations as a commercial bank
- Branch Network:
- 4 Branches; 2 in Nairobi, 1 in Mombasa and 1 in Nakuru
- Plans to expand to Kisumu and other strategic counties
Partnerships
- KRA: Collection Agent
- Postbank: Agency Bank
- Parastatals, Government ministries, Counties: Banking services
Corporate Governance
DBK is run by a Board of Directors with representation in various committees:
- Audit
- Credit
- Finance & Risk
- Governance Nominations
- Strategy
- Business Development & Innovation
- ALCO
Our Vision
To be a preferred provider of financial services.
Our Mission
To offer sustainable integrated financial services that respond to the needs of consumers, businesses, enterprises, and communities.
Our Values
- Customer Centricity
- Diversity
- Teamwork
- Integrity
