Development Bank of Kenya

By Soko Directory Team / January 25, 2016


Since its founding in 1963, Development Bank of Kenya Ltd (DBK) and its people have helped redefine the meaning of financial services in Kenya. The bank started off as a non-banking financial institution whose principal activity was to promote and develop commercially viable projects.

The bank commenced financing operations in 1964 and for a period of 3 decades as a Development Financial Institution (DFI), it concentrated its investment in a wide range of sectors spanning from the agriculture, manufacturing to construction, communication and tourism encompassing all major investment sectors in Kenya.

In the evaluation of projects for investment, the broad criteria of commercial viability and developmental value were given particular attention, with emphasis on such aspects as promotion of local entrepreneurship, stimulus to economic and social environment, generation and conservation of foreign exchange, use of local raw materials, job creation and efficient use of foreign and local know-how.

Development Bank of Kenya has continually broken new ground in advising our clients on strategic projects, in pioneering the expansion of the local economy, and in providing new opportunities for individual and institutional investors.

Vision

To be the leading provider of financial services in the region by delivering premium banking products to our customers.

Mission

To consistently promote and support sustainable investments by providing innovative and responsive financial services and products to our clients, remaining passionate to the maximization of our shareholder’s value, and providing friendly and an empowering environment for our employees.

Core Values

Equity: “We will pursue a policy where all stakeholders will receive equitable treatment in the conduct of the Bank’s business”.

Fairness: We will endeavor to treat every stakeholder fairly within the jurisprudence of law.

Professionalism: We will handle the bank’s business with utmost professionalism.

Equal opportunity employer: We shall strive to be an equal opportunity employer.

Corporate Social Responsibility: We shall deal with all stakeholders in a responsible manner for the general good of the society.

Shareholders

The formation of Development Bank of Kenya in 1963 was through the initiative of three Governments namely, the Kenya Government through the Industrial and Commercial Development Corporation (ICDC), the British Government through Commonwealth Development Corporation (CDC) and the German government through DEG. The Dutch Government through FMO became the fourth investment partner in 1967 while International Financial Corporation (IFC) became the fifth shareholder in 1981.

Consequently, after forty-five years the bank ownership changed to one that is Kenyan owned and directed as follows;

  • Industrial & Commercial Development Corporation (ICDC): 89.3%
  • Transcentury Ltd: 10.7%

Contacts

Finance House

Loita Street

PO Box, 30483

Telephone (254) (020) 317449 / 344184 / 2246973 / 340198 / 340478 / 2251373

Cellphone 0724 253 980 / 0724 253 981

Telefax (254) 020 250399

Telex 22662

Email: [email protected]

Telegrams DEVBANK.KE

Nairobi, Kenya

 



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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