the defunct kenyan bank . for the uae based group see dubai bank and dubai banking group . dubai bank kenya type private industry financial services fate liquidation founded 1982 headquarters nairobi kenya key people hassan zubeidi chairman binay dutta managing director products checking savings investments debit cards revenue aftertax us 38 400 2008 total assets us 34.4 million kes 2.92 billion 2013 website homepage dubai bank kenya dbk whose complete name is dubai bank kenya limited but is often referred to as dubai bank was a commercial bank in kenya the largest economy in the east african community . it was licensed by the central bank of kenya the central bank and national banking regulator . 1 the institution is not affiliated with dubai bank of united arab emirates or with that bank s parent company dubai banking group . contents 1 overview 2 history 3 liquidity crisis and closure 4 ownership 5 branch network 6 governance 7 see also 8 references 9 external links overview edit dbk was a small bank in kenya east africa s largest economy . as of december 2013 update the bank s total assets were valued at about us 34.4 million kes 2.92 billion . as of december 2013 update the bank was ranked number forty three by assets out of forty three licensed commercial banks in kenya . 2 in august 2015 the bank was placed under receivership by the central bank of kenya . 3 history edit the bank was established in 1982 originally as a branch of bank of oman . the assets and liabilities of the bank were subsequently acquired by mashreq bank plc. in 2000 those assets and liabilities were acquired by the present shareholders who rebranded the institution to dubai bank kenya limited . 4 liquidity crisis and closure edit on august 14 2015 dubai bank was placed under statutory management by the central bank of kenya for a period of one year with kenya deposit insurance corporation kdic as the receiver manager . the bank had been experiencing liquidity and capital deficiencies and breaching its daily cash reserve ratio . these factors raised concerns on whether the bank would be able to meet its financial obligations . 3 kdic s report to the cbk on august 24 2015 showed that there was no way to save the troubled bank and recommended that the bank be liquidated . 5 6 7 ownership edit as of august 2014 update dubai bank kenya was a privately held company whose owners are not widely publicly known . branch network edit the bank maintained a network of branches at the following locations 8 main branch i.c.e.a building kenyatta avenue nairobi eastleigh branch baraka plaza sixth street eastleigh nairobi mombasa branch taiyebi house nkrumah road mombasa nakuru branch vickers house kenyatta avenue nakuru governance edit before being placed under receivership the bank was governed by a six person board of directors . hassan zubeidi one of the non executive directors is the chairman of the board . the managing director was binay dutta . 9 see also edit list of banks in kenya central bank of kenya economy of kenya references edit cbk . directory of commercial banks and mortgage finance companies pdf . central bank of kenya cbk . retrieved 12 august 2014 . bankelele . 28 april 2014 . kenya bank rankings by assets in 2013 . bankelele.co.ke . retrieved 12 august 2014 . a b bdafrica.com reporter . 14 august 2015 . dubai bank kenya placed in receivership for a year . business daily africa . nairobi . retrieved 24 august 2015 . dbkl . the history of dubai bank kenya . dubai bank kenya limited dbkl . retrieved 12 august 2014 . bda reporter 24 august 2015 . receiver kdic says dubai bank kenya should be wound up . business daily africa . nairobi . retrieved 24 august 2015 . standard reporter 24 august 2015 . cbk orders liquidation of dubai bank kenya following cash flow problems . the standard kenya . nairobi . retrieved 24 august 2015 . olingo allan 24 august 2015 . central bank of kenya names liquidator for dubai bank . the eastafrican . nairobi . retrieved 24 august 2015 . dbkl . the branches of dubai bank kenya limited . dubai bank kenya limited dbkl copyright 2014 dubai bank limited . retrieved 12 august 2014 . dbkl . board of directors and committees of the board . dubai bank kenya limited dbkl . retrieved 12 august 2014 . external links edit website of dubai bank kenya website of central bank of kenya v t e banks of kenya central bank central bank of kenya commercial bank african banking corporation bank of africa barclays bank bank of baroda bank of india cfc stanbic bank chase bank citibank na kenya commercial bank of africa consolidated bank of kenya cooperative bank of kenya credit bank development bank of kenya diamond trust bank east african development bank ecobank kenya equity bank family bank fidelitybank first community bank giro commercial bank guaranty trust bank kenya guardian bank gulf african bank habib bank habib bank ag zurich housing finance company of kenya i & m bank limited imperial bank limited jamii bora bank kenya commercial bank middle east bank kenya m oriental bank national bank of kenya nic bank paramount universal bank post bank prime bank sidian bank spire bank standard chartered kenya trans national bank kenya united bank for africa victoria commercial bank financial services organization diamond trust bank group equity group holdings limited commercial bank of africa group guaranty trust bank east africa i & m bank group kenya commercial bank group nic bank group foreign banks bank of china bank of kigali hdfc bank nedbank the hongkong and shanghai banking corporation first rand defunct banks dubai bank kenya euro bank microfinance institutions faulu microfinance bank limited smep microfinance bank kenya women microfinance bank related topics automated teller machine atm atm usage fees de materialisation demat foreign exchange forex financial services real time gross settlement rtgs national electronic fund transfer neft structured financial messaging system sfms retrieved from https en.wikipedia.org w index.php title dubai bank kenya & oldid 726648188 categories banks of kenyacompanies of kenya1982 establishments in kenyabanks established in 1982defunct banks of kenyanairobihidden categories articles containing potentially dated statements from december 2013all articles containing potentially dated statementsarticles containing potentially dated statements from august 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 june 2016 at 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