services founded 1984 headquarters nairobi kenya key people james mworia chairman titus karanja 1 managing director products loans checking savings investments debit cards revenue aftertax us 3.722 million kes 372.3 million 2015 2 total assets us 191.83 million kes 19.11 billion 2015 3 number of employees 590 2016 4 parent centum investment website homepage sidian bank formerly known as k rep bank is a commercial bank in kenya licensed by the central bank of kenya the national banking regulator . 5 contents 1 overview 2 history 3 ownership 4 governance 5 see also 6 references 7 external links overview edit the bank is a medium sized financial services provider serving the urban and rural poor and small to medium business enterprises in kenya . 6 as of december 2015 update the total assets of the bank were valued at about us 191.83 million kes 19.11 billion with shareholders equity of approximately us 38.52 million kes 3.84 billion . 3 as of april 2016 the bank customer base exceeded 300 000 . the name sidian is derived from obsidian an extrusive igneous rock . 7 history edit sidian bank was founded in 1984 as k rep bank . in the beginning the organization provided grants and technical assistance to non governmental organizations ngo . the ngos then made loans to micro enterprises . in 1989 k rep changed its strategy to lending to the ngos . the technical assistance that had been provided for free now attracted a fee . in 1999 k rep re organized itself into four entities 8 k rep group this is the parent company . it owns either wholly or partially the other three subsidiaries . k rep development agency this agency carries out research and developmental assistance work for the group k rep advisory services this company provides consultancy services for a fee . in 2015 centum investment company completed its acquisition of a majority stake in the bank . 9 the bank later changed its name from k rep bank to sidian bank in april 2016 . 10 ownership edit on 4 april 2016 k rep bank re branded as sidian bank to reflect the majority shareholding by centum investments limited . 11 as at 31 august 2016 the major shareholders in the bank stock included the following 12 sidian bankstock ownership rank name of owner percentage ownership 1 bakii holdco limited1 74.00 2 k rep group2 17.10 3 kwa multi purpose co operative society 4.90 3 other investors 4.00 total 100.00 1 bakii holdco limited is a non operating holding company and a wholly owned subsidiary of centum investments . this is in accordance with the cbk banking act and prudential guidelines . 12 2 k rep group are the entities that founded k rep bank in 1984 . 12 governance edit the chairman of the seven person board of directors is james mworia one of the non executive directors . titus karanja serves as the managing director . 1 see also edit list of banks in kenya economy of kenya references edit a b capital fm correspondent 23 june 2015 . kenya k rep bank appoints new managing director . nairobi 98.4 capital fm via allafrica.com . retrieved 24 june 2015 . ngigi george 29 march 2016 . k rep bank net profit drops 27.5 pc as funding costs go up . business daily africa . nairobi . retrieved 29 march 2016 . a b sidian bank 31 december 2015 . audited financial statements and other disclosures as at 31st december 2015 pdf . sidian bank k rep bank . retrieved 30 july 2016 . mutegi mugambi 24 july 2016 . sidian head hunts chase staff to drive sme unit . business daily africa . nairobi . retrieved 25 july 2016 . cbk . central bank of kenya commercial banks & mortgage finance institutions . nairobi central bank of kenya cbk . retrieved 31 july 2014 . michira moses 21 october 2010 . private financiers see potential in smes . business daily africa . nairobi . retrieved 31 july 2014 . ngugi brian 4 april 2016 . sidian bank s minority investors to provide sh400m capital . business daily africa . nairobi . retrieved 5 april 2016 . mcu 25 january 2012 . microcapital universe k rep bank . microcapital.org mcu . mwaniki charles 20 may 2015 . centum to inject ksh1 .2 billion bond proceeds into k rep bank . business daily africa . nairobi . retrieved 21 may 2015 . sidian bank about us . sidian bank limited . retrieved 2016 04 02 . mutegi mugambi 27 march 2016 . k rep bank plans name change as it seeks to shed microfinance image . business daily africa . nairobi . a b c herbling david 31 august 2016 . centum raises stake in sidian bank to 74 percent after rights issue . business daily africa . nairobi . retrieved 31 august 2016 . external links edit website of sidian bank 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 sidian bank & oldid 737114516 categories banks of kenyacompanies of kenyanairobieconomy of kenyabanks established in 19841984 establishments in kenyahidden categories engvarb from may 2013use dmy dates from may 2013articles containing potentially dated statements from december 2015all articles containing potentially dated statements 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 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