Guardian Bank Limited (GBL) was founded by the Chandaria family, one of the leading business houses of Kenya having business commitments in Kenya, Tanzania, Uganda, UK and India. Dr. M. M. Chandaria {popularly known as “MM”} is the founder and the Chairman of Dinesh Maganlal Chandaria group of companies (DMC Group), including GBL.

GBL was incorporated in Kenya in January 1992, initially as a Finance Company and then converted into a Commercial Bank in August 1996.

The members of the Board of the Bank are businessmen and professionals from various fields who work closely with The Senior Management Team to grow the bank’s business thorough a dedicated workforce.

GBL has nine (9) branches, four in Nairobi – i.e. Biashara Street, Westlands, Mombasa Road and Ngong Road; two branches in Mombasa – Mombasa Town and Nyali and one each in Eldoret, Kisumu and Nakuru. Our Westlands branch extends a seven day banking service and all our branches are networked to offer “Anywhere Banking” facilities to customers. We have embraced technology in a big way in order to meet the growing demand from customers by offering Internet Banking, Mobile Banking, iTax Services, ATM/Debit cards and Pesalink.

Financial Position

The Total Deposits of the bank as at 31 December 2016 stood at Kshs.12.313 B while the Gross Advances were at Kshs. 9.636 B. The Bank posted a net profit of Kshs. 230 M at the end of the 4th quarter in 2016 against a net profit of Kshs. 229 M posted during the same period of 2015. The Core Capital of the bank stood at Kshs.2.149 B as at 31st December 2016.

Founded: 1992

Country of Incorporation: Kenya

Shareholder Details

Direct Significant Shareholders

Name Percentage
Conifers Trading Limited 15.00%
Chandaria Holdings Limited 20.00%
Dima Limited 20.00%
Goldera Limited 17.75%
Kevis Investment Limited 25.00%

 

i. Number of Corporate Shareholders 5
ii. Percentage of Corporate Shareholders 97.75%
iii. Number of Individual Shareholders 8
iv. Percentage of Individual Shareholders 2.25%

 

Number of Shareholders
Local : 13
Foreign : NIL

 

Group Shareholdings N/A

 

Board of Directors

Chairman Dr. Maganlal Motichand Chandaria {MM}
Managing Director Mr. Vasant K. Shetty
Executive Director Mr. Hetul Chandaria
Non Executive Director Mr. Bhavnish Chandaria
Independent Non Executive Director Mr. Raj Sahi
Independent Non Executive Director Dr. Shantilal Shah
Independent Non Executive Director Mr. Ajay Shah
Independent Non Executive Director Dr. Samson Ndegwa
Independent Non Executive Director Brig (Rtd.) Wilson A. C. Boinett
Chief Executive Officer Mr. Narayanamurthi Sabesan

 

Senior Management – Head Office

Managing Director Mr. Vasant K. Shetty
Executive Director Mr. Hetul Chandaria
Chief Executive Officer Mr. N.Sabesan
Head,Risk Management & Compliance Mr. N. P. Thaker
Deputy General Manager Mr. K.R.Sahasranaman
Assistant General Manager Ms. Lorraine Miranda
Senior Manager,Information Technology Ms. Grace Nyende
Senior Manager, HR & Administration Mr. Joseph Wachira
Senior Manager, Operations Ms. Shilpa Shah
Senior Officer, Legal Ms. Mary Omullo
Senior Officer, Finance Mr. Joseph Ngure

Our Vision: “Your preferred bank”

Our Mission:  “To provide superior financial services that are consistent with customer needs and the best product mix delivered by an effective ICT system and contended competent staff “

Financial Report

Audited

Audited Balance Sheet 31st December 2017

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Audited Accounts 2016

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Audited Balance Sheet 31st December 2016

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Audited Accounts 2015

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Audited Balance Sheet 31st December 2015

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Audited Accounts 2014

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Audited Balance Sheet 31st December 2014

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Unaudited

UnAudited Balance Sheet 31st March 2018

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UnAudited Balance Sheet 30th September 2017

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UnAudited Balance Sheet 30th June 2017

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UnAudited Balance Sheet 31st March 2017

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UnAudited Balance Sheet 30th September 2016

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UnAudited Balance Sheet 30th June 2016

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We do not have any open positions currently. Please keep visiting for any future openings.

Assistant General Manager
Ms. Lorraine Miranda
lorraine@guardian-bank.com

Eldoret Branch Manager
Mr. G.S.Matharu
gsmatharu@guardian-bank.com

Mombasa Branch Manager
Mr. Imtiaz Harunani
iharunani@guardian-bank.com

Mombasa Road Branch Manager
Mr. Jasraj Singh Sehmi
raaj@guardian-bank.com

Westlands Branch Manager
Ms. Sonal Parmar
sparmar@guardian-bank.com

Nyali Branch Manager
Mr. Anup Solanki
asolanki@guardian-bank.com

Kisumu Branch Manager
Mr. Hitesh Derodra
hderodra@guardian-bank.com

Nakuru Branch Manager
Mr. Kirit Chauhan
kchauhan@guardian-bank.com

Ngong Branch Manager
Ms. Anju Patel (Acting)
anju@guardian-bank.com

Guardian Newsletter 3rd Quarter 2017

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