First Community Bank


First Community Bank , is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Overview

, the bank's total assets were valued at about US$187.62 million, with shareholders' equity of about US$14 million, and customer deposits of US$161 million. At that time, the bank was ranked number 21, by assets, out of 43 licensed banks in Kenya then.

History

First Community Bank was established in 2007 according to Sharia law by private Muslim investors in Kuwait, Kenya and Tanzania. The bank received a Kenyan commercial banking license the same year, and started operations in June 2008. The FCB is the first Kenya-based bank to operate according to the laws of Sharia. Since the founding of First Community Bank, another Sharia bank, the Gulf African Bank, has also received a commercial license from the Central Bank of Kenya.

Subsidiaries

The bank's first subsidiary is FCB Takful Insurance Agency, in which it maintains 100% shareholding. The insurance agency was established in 2010. The bank also owns a second subsidiary, FCB Capital Limited, the first Sharia-compliant Investment Bank in Kenya. It also is wholly owned by First Community Bank.

Branch network

, the bank maintains a network of branches at the following locations:
  1. Wabera Street Branch - Prudential Assurance Building, Wabera Street, Nairobi
  2. Eastleigh Branch I - United Textile Building, First Avenue, Eastleigh, Nairobi
  3. Eastleigh Branch II - General Warungu Street, Eastleigh, Nairobi
  4. Industrial Area Branch - Enterprise Road, Nairobi
  5. Kimathi Street Branch - Jamia Mosque, Nairobi
  6. Westlands Branch - Mpaka Plaza, Mpaka Road, Westlands, Nairobi
  7. South C Branch - South C Shopping Center, Nairobi
  8. Garissa Branch - Bajweed Building, Wajir Road, Garissa
  9. Lunga Lunga Branch - Lunga Lunga Road, Industrial Area, Nairobi
  10. Kisumu Branch - CAC House, Oginga Odinga Street, Kisumu
  11. Nakuru Branch - Merica Hotel Building, Kenyatta Avenue, Nakuru
  12. Malindi Branch - Malindi Shopping Complex, Lamu Road, Malindi
  13. Mombasa Branch I - Shah Mansion Building, Digo Road, Mombasa
  14. Mombasa Branch II - Imara Building, Digo Road, Mombasa
  15. Moyale Branch - Shariff Guest House, Moyale
  16. Wajir Branch - Mandera Road, Wajir
  17. Mihrab Branch- FCB Mihrab Building, Lenana Road Nairobi
  18. Isiolo Branch- White House Building, Moyale-Isiolo Road Isiolo
  19. Bondeni Branch- Bat-Haf Plaza, Abdel Nasser Road Mombasa
  20. AMAL Branch- Amal Plaza, Eastleigh First Avenue Nairobi

    Governance

The bank is governed by Board of Directors. Sheikh Mohamed Mbaye, one of the non-Executive Directors, is the Chairman of the Board. The Chief Executive Officer is Dr. Hussein Assad Ahmed Hassan.