PostBank - Nairobi, Kenya

The Kenya Post Office Savings Bank (Postbank) was established in 1910. Similar Savings services were offered across the East Africa region. When the East African Community broke up in 1977, the Kenya Government established its own savings bank. Postbank is primarily engaged in the mobilization of savings for national development and operates under the Kenya Post Office Savings Bank Act Cap 493B. In addition, the Bank offers local and international credit cards under the sponsorship of a commercial bank, funds remittance collections and disbursement service.Governance of the bank is vested in the Board of directors and the office of the Managing Director, supported by Directorates and departments.The bank is wholly owned by the Government of Kenya and reports to the Ministry of Finance.  

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The Government is represented at the board of directors by the Permanent Secretary, Treasury. Postbank is committed to the standards of corporate governance as set by the government and the Central Bank of Kenya for the public sector.The Board of Directors is responsible for the long term strategic direction for profitable growth for the bank while being accountable to the shareholder for ensuring that Postbank complies with the law and the highest standards of corporate governance and business ethics. The Directors attach great importance to the need to conduct the business and operations of Postbank with integrity and in accordance with generally accepted corporate practices and endorse the internationally developed principles of good corporate governance.The Kenya Post Office Savings Bank’s registered headquarters is at Postbank House, Market Lane off Banda Street, Nairobi Kenya.