Consolidated Bank of Kenya
Consolidated Bank of Kenya is a privately held, Central-Bank-regulated commercial bank founded in 1989, operating 15 branches across Kenya with mobile, internet and agent banking, serving retail consumers, SMEs, chama groups and government-service users via lending, deposits, trade finance and transactional partnerships with KRA iTax, eCitizen and M-Pesa.
- Company typePrivate
- Founded1989
- HeadquartersNairobi, Kenya
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Consolidated Bank of Kenya does
Consolidated Bank of Kenya Limited is a privately held commercial bank incorporated in Kenya in 1989 and regulated by the Central Bank of Kenya. The bank serves retail consumers, SMEs, corporate clients and government-service users through 15 branches spread across Kenya (including Nairobi, Mombasa, Thika, Nakuru, Nyeri, Eldoret, Embu, Meru, Murang'a, Maua, Laare and Isiolo) and a digital channel stack comprising USSD (*262#), the MyConso App and a Zimbra-based internet banking platform. The bank also reaches customers via the KENSWITCH ATM network (500+ ATMs), MPESA (Business Number 508400), KRA iTax tax-payment collection, eCitizen government-service payments, Senator merchant card acceptance, and agent banking.
The product platform is organized into Personal Banking (E-Cash, Solid Plus, Current, Account 99, Dream Saver, Junior Saver, Diamond, Ace Salary, Fixed Deposits, Personal Loan, Mortgage Loan, Solid Scholar Loan and Asset Finance at a 9.5% flat rate), Business Banking (Current Account, Vuna Chama accounts for chama groups, Business Term Loans, Commercial Construction Loans, Insurance Financing), and Trade Finance (Bid Bonds, Performance Bonds, Solid Loop, Bills Discounting, Invoice Discounting), supplemented by Treasury / Forex products and a Business Club subscription membership (KES 250/month or KES 3,000/year).
Revenue is generated through a combination of interest income on personal, mortgage, education, business term, commercial construction and asset-finance lending; transaction fees on ATM, mobile and forex activity; subscription fees from the Business Club; and government-payment processing fees from KRA iTax and eCitizen flows. The bank reported a significant governance reset in late 2025 with the departure of the CEO and Chairman and the gazetted appointment of new directors, indicating an active period of board-level transition while branch operations continue unchanged.
Consolidated Bank of Kenya firmographics
Firmographics- Name
- Consolidated Bank of Kenya
- Legal name
- Consolidated Bank of Kenya Limited
- Website
- https://consolidated-bank.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Consolidated Bank of Kenya is a privately held, Central-Bank-regulated commercial bank founded in 1989, operating 15 branches across Kenya with mobile, internet and agent banking, serving retail consumers, SMEs, chama groups and government-service users via lending, deposits, trade finance and transactional partnerships with KRA iTax, eCitizen and M-Pesa.
- Ownership category
- akta.pro rank
Consolidated Bank of Kenya industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110)
- SIC
- National Commercial Banks (6021), Personal Credit Institutions (6141)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Consolidated Bank of Kenya is headquartered
LocationHeadquarters
- HQ city
- Nairobi
- HQ country
- Kenya
- HQ region
- Africa
Offices18 records
Markets served
Consolidated Bank of Kenya business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Revenue from lending activities including personal loans, mortgages, business term loans, commercial construction loans, and asset finance.
- Transaction Fees: Fees from ATM transactions, mobile banking transfers, forex transactions, and other banking service charges.
- Membership Fees: Business Club membership fees providing networking and advisory services to business customers.
- Forex Revenue: Revenue from foreign exchange trading and currency exchange services.
- Government Services: Processing fees for KRA iTax payments and eCitizen government service payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Business Club Monthly |
| Subscription | Annual | Business Club Annual |
| Other | — | Asset Finance Interest Rate |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels2 records
Consolidated Bank of Kenya product offering
Product offeringCore offering
Consolidated Bank of Kenya is a private commercial bank offering deposit products (current, savings, fixed deposits), credit facilities (personal, mortgage, business term loans, asset finance, scholar loans), trade finance instruments (bid bonds, performance bonds, bills and invoice discounting), treasury and forex services, and chama group banking. Distribution is via 15 physical branches across Kenya, 500+ ATMs through KENSWITCH, internet and USSD/app mobile banking, M-Pesa integration, and KRA iTax / eCitizen government payment services.
Product overview
Consolidated Bank of Kenya offers a comprehensive banking platform consisting of Personal Banking and Business Banking divisions. Personal Banking includes savings accounts (E-Cash, Solid Plus, Dream Saver, Junior Saver, Diamond), current accounts, and credit products (Personal Loan, Mortgage Loan, Solid Scholar Loan, Asset Finance, Fixed Deposits). Business Banking encompasses current and savings accounts (Vuna Chama Current/Savings), term loans (Business Term Loan, Commercial Construction Loan), and trade finance facilities (Bid Bonds, Performance Bonds, Bills Discounting, Invoice Discounting). Digital channels include E-Banking (internet), M-Banking (mobile/USSD via *262#), and agent banking. The bank integrates with M-Pesa, KRA iTax, and eCitizen government services, offering services through 16 branches across Kenya.
Differentiator
Problem solved
Functional benefit
Products and services
- Current Account (Business) Standard transactional account designed for business customers to handle daily operating cash flows.
- Vuna Chama Current Account Current account tailored for chama (group investment) organizations in Kenya for managing pooled group funds.
- Vuna Chama Savings Account Interest-bearing savings account for chama investment groups to accumulate and earn on pooled funds.
- Business Term Loan Medium to long-term credit facility for SMEs and corporates for business expansion and working capital needs.
- Commercial Construction Loan Financing facility for commercial property construction projects undertaken by businesses and developers.
- Insurance Financing Credit facility enabling business customers to finance insurance premium payments.
- Bid Bonds Guarantee issued to project owners that a bidder will enter into a contract if awarded the tender, under trade finance.
- Solid Loop Trade finance facility product for businesses managing working capital cycles.
- Performance Bonds Guarantee ensuring that a contractor's performance obligations under a contract are met.
- Bills Discounting Short-term financing where the bank purchases bills at a discount before their maturity date.
- Invoice Discounting Working capital financing against accounts receivable invoices for business customers.
- Treasury Products Foreign exchange and treasury management services for business and corporate customers.
- E-Cash Account Digital-first personal banking account for electronic transactions.
- Solid Plus Account Interest-bearing personal savings account.
- Current Account (Personal) Standard transactional current account for personal banking customers.
- Account 99 Personal banking account product for individual customers.
- Dream Saver Account Goal-based personal savings account to help individuals accumulate funds for specific targets.
- Junior Saver Account Savings account for children and young savers, designed to introduce banking early.
- Diamond Account Premium-tier personal banking account offering enhanced benefits for individuals.
- Ace Salary Account Salary current account for employed individuals, designed around recurring salary crediting.
- Fixed Deposits High interest-bearing deposit account with funds held for fixed terms of 1, 2, 3, 6, or 12 months or on-call at predetermined rates.
- Personal Loan Unsecured personal credit facility for individual financial needs.
- Mortgage Loan Home financing loan for individual property purchase or construction.
- Solid Scholar Loan Education financing product for school fees, available to salaried and other income earners, with loans up to KES 500,000 and payback period up to one year.
- Asset Finance Asset financing facility covering vehicles, equipment, PSVs and medical equipment, with 100% financing, tenor up to 72 months, and 9.5% flat interest rate.
- E-Banking (Internet Banking) Web-based online banking platform enabling account access and self-service transactions via the internet.
- M-Banking (Mobile Banking) Mobile banking service enabling transactions via USSD code *262# and the MyConso smartphone app, supporting airtime purchase, M-Pesa transfers, funds transfers, balance enquiries, mini statements, card management, and transaction alerts.
- Forex Services Foreign exchange services offering currency buying and selling rates to personal and business customers.
- Agent Banking Banking services delivered through authorized third-party agents to extend reach beyond physical branches.
- Business Club Paid membership program for holders of business current, Diamond, and Vuna Chama accounts, providing business advisory, seminars, workshops, networking events, and discounted trips. Priced at KES 250 monthly or KES 3,000 annually.
Companies that use Consolidated Bank of Kenya
Customer profileSegments4 records
Ideal customer profiles3 records
Consolidated Bank of Kenya technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Consolidated Bank of Kenya partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Kenya Revenue Authority (KRA)corePartnership enables taxpayers to file returns electronically and make tax payments at Consolidated Bank branches through the iTax system. Customers generate e-slips online and pay at bank branches with no charges.
- Kenya Government (eCitizen)corePartnership enables customers to pay for government services on eCitizen via USSD, MyConso App, Internet Banking, or from bank branches.
- KENSWITCHcorePartnership provides countrywide ATM access through KENSWITCH network, with over 500 ATM locations available to cardholders.
- Safaricom (MPESA)coreIntegration with MPESA mobile money for bank-to-mobile and mobile-to-bank transfers. Business number 508400 used for M-Pesa paybill transactions.
- Senator MerchantsminorCard acceptance at Senator merchant outlet locations for ATM card transactions without cash.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Consolidated Bank of Kenya competitors and assessment
Company assessmentDirect peers
- Equity Bank Kenya: Mass-market Kenyan commercial bank with strong digital and agent-banking presence; comparable target segments (SME, salaried, chama-adjacent) and similar government payment ecosystem positioning to Consolidated Bank.
- Diamond Trust Bank Kenya: Mid-tier Kenyan commercial bank serving retail, SME, and corporate customers with a comparable product breadth (current accounts, loans, trade finance, digital banking).
- National Bank of Kenya: Government-affiliated Kenyan commercial bank of comparable scale; closely analogous governance profile and government-payment-rail focus, with similar branch footprint and target segments.
- Bank of Africa Kenya: Mid-tier Kenyan commercial bank with comparable SME and retail banking proposition; direct competition for branches, government-rail transactions, and trade finance customers.
- Co-operative Bank of Kenya: Mid-to-large Kenyan commercial bank with a retail/mass-market focus and similar chama and SME coverage; comparable across deposit products, lending, and digital channels.
- KCB Bank Kenya: Largest commercial bank in Kenya by branch count and balance sheet; directly overlaps with Consolidated Bank across personal and business banking, digital channels, and government-payment partnerships — but at materially larger scale.
- HFC Bank Kenya: Smaller Kenyan commercial bank with a mortgage- and personal-banking-oriented product set; close match for scale and customer-segment focus.
Broad incumbents
- Absa Bank Kenya: Multi-segment Kenyan bank with strong retail and SME offerings under a global brand; competes for personal banking, digital, and corporate clients across Kenya.
- Standard Chartered Bank Kenya: International bank with retail, SME and trade-finance footprint in Kenya; competitor for corporate, FX and trade-finance products that Consolidated Bank offers.
- Stanbic Bank Kenya: Subsidiary of a pan-African banking group with a broader corporate and retail franchise; overlaps with Consolidated Bank in trade finance, treasury, and FX.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Consolidated Bank of Kenya social profiles
Digital presenceConsolidated Bank of Kenya compliance and trust
Trust signalCompliance2 records
Consolidated Bank of Kenya financial estimates
Financial estimateRevenue estimate
Valuation estimate
Consolidated Bank of Kenya leadership team
Management profileNumber of profiles
Profiles6 records
Consolidated Bank of Kenya funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Consolidated Bank of Kenya M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Consolidated Bank of Kenya
What does Consolidated Bank of Kenya do?
Consolidated Bank of Kenya is a private commercial bank offering deposit products (current, savings, fixed deposits), credit facilities (personal, mortgage, business term loans, asset finance, scholar loans), trade finance instruments (bid bonds, performance bonds, bills and invoice discounting), treasury and forex services, and chama group banking. Distribution is via 15 physical branches across Kenya, 500+ ATMs through KENSWITCH, internet and USSD/app mobile banking, M-Pesa integration, and KRA iTax / eCitizen government payment services.
Is Consolidated Bank of Kenya a public or private company?
Consolidated Bank of Kenya is a private company. It is classified as unknown and is currently operating.
When was Consolidated Bank of Kenya founded?
Consolidated Bank of Kenya was founded in 1989. It employs 251 to 500 people.
Where is Consolidated Bank of Kenya based?
Consolidated Bank of Kenya is headquartered in Nairobi, Kenya, in the Africa region.
How does Consolidated Bank of Kenya make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are transaction Fees, membership Fees, forex Revenue and government Services.
Who are Consolidated Bank of Kenya's main competitors?
Direct peers on record are Equity Bank Kenya, Diamond Trust Bank Kenya, National Bank of Kenya, Bank of Africa Kenya, Co-operative Bank of Kenya, KCB Bank Kenya and HFC Bank Kenya. Broad incumbents are Absa Bank Kenya, Standard Chartered Bank Kenya and Stanbic Bank Kenya.
Does Consolidated Bank of Kenya have an API?
No public API is recorded for Consolidated Bank of Kenya.
What industry is Consolidated Bank of Kenya in?
Consolidated Bank of Kenya's product category is Commercial Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 52211 and its SIC code is 6021.