Consolidated Bank of Kenya

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.

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

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

• Retail banking
• Commercial banking
• Trade finance
• Digital banking
• Sme lending

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Revenue from lending activities including personal loans, mortgages, business term loans, commercial construction loans, and asset finance.
2. Transaction Fees: Fees from ATM transactions, mobile banking transfers, forex transactions, and other banking service charges.
3. Membership Fees: Business Club membership fees providing networking and advisory services to business customers.
4. Forex Revenue: Revenue from foreign exchange trading and currency exchange services.
5. Government Services: Processing fees for KRA iTax payments and eCitizen government service payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels2 records

Core 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.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Kenya Revenue Authority (KRA)coreStrategic or Co-development PartnerPartnership 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)coreStrategic or Co-development PartnerPartnership enables customers to pay for government services on eCitizen via USSD, MyConso App, Internet Banking, or from bank branches.
• KENSWITCHcoreTechnology or IntegrationPartnership provides countrywide ATM access through KENSWITCH network, with over 500 ATM locations available to cardholders.
• Safaricom (MPESA)coreTechnology or IntegrationIntegration with MPESA mobile money for bank-to-mobile and mobile-to-bank transfers. Business number 508400 used for M-Pesa paybill transactions.
• Senator MerchantsminorChannel Partner/ Reseller/ DistributorCard acceptance at Senator merchant outlet locations for ATM card transactions without cash.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• Xx.com/consolidatedbk

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consolidated Bank of Kenya