private industry financial services founded 2002 headquarters nairobi kenya key people shanti v. shah chairman rakesh kashyap managing director & ceo products checking savings investments debit cards revenue aftertax us 429 000 kes 42.9 million 2015 total assets us 84.9 million kes 8.5 billion 2015 website homepage m oriental bank previously known as oriental commercial bank limited is a commercial bank in kenya the largest economy in the east african community . it is licensed by the central bank of kenya the central bank and national banking regulator . 1 contents 1 overview 2 ownership 3 branch network 4 governance 5 see also 6 references 7 external links overview edit as of december 2015 update the bank s total assets were valued at about us 84.9 million kes 8.5 billion with shareholders equity of about us 22.4 million kes 2.24 billion . 2 in june 2016 the bank announced a change in business strategy . mob will cease to operate as a retail bank and instead become a private bank with focus on serving family owned businesses and high net worth individuals . the use of atms would also be phased out . 3 ownership edit in may 2015 a group of tanzanian investors who are also shareholders in bank m received kenyan regulatory approval to purchase 51 percent shareholding in ocb . this marks the first time that tanzanians have become the majority shareholders in a kenyan financial institution . the acquisition will further lead to ocb changing its name to m oriental bank mob 4 after the transaction was consummated bank m holdings and related parties own 51 percent in the company . 5 as at september 2016 the shareholding in the company is as depicted in the table below 6 m oriental bank stock ownership rank name of owner percentage ownership 1 m holdings limited 33.83 2 pasha investments limited 7.68 3 nalinkumar meghji shah 6.51 4 sag investment limited 4.32 5 rupen mulchand haria 4.11 6 bank one limited 3.68 7 others with 3.6 percent or less each 39.87 total 100.00 branch network edit the bank maintains a network of branches at the following locations 7 westlands branch apollo centre 2nd floor ring road westlands nairobi koinange street branch finance house ground floor koinange street nairobi nakumatt mega branch nakumatt mega store uhuru highway nairobi thika road mall branch thika super highway thika road nairobi mombasa branch hassanali building nkurumah road mombasa nakuru branch afc building kijabe row nakuru eldoret branch muya house kenyatta street eldoret kitale branch robert ouko road kitale . governance edit the bank is governed by a six person board of directors . shanti shah one of the non executive directors serves as the chairman . 8 the managing director and ceo is rakesh kashyap . 9 see also edit list of banks in kenya economy of kenya references edit cbk 2 august 2016 . directory of licenced commercial banks mortgage finance institutions and authorised non operating bank holding companies pdf . central bank of kenya cbk . retrieved 2 august 2016 . ocb 8 march 2016 . audited 31 december 2015 annual report & financial statement . nairobi m oriental bank mob . missing or empty url help ; access date requires url help ngugi brian 22 june 2016 . m oriental bank targets family business . business daily africa . nairobi . retrieved 2 august 2016 . mwaniki charles 26 may 2015 . dar owners in sh1 .3 billion oriental deal to change bank name . business daily africa . nairobi . retrieved 2 august 2016 . ngigi george 18 may 2016 . dar investors acquire 51 percent stake in kenyan bank . business daily africa . nairobi . retrieved 2 august 2016 . herbling david 7 september 2016 . tanzanian lender plans majority stake buyout in kenya s oriental bank . business daily africa . nairobi . retrieved 8 september 2016 . ocb . the branch network of oriental commercial bank . oriental commercial bank ocb . retrieved 5 august 2014 . mob 2 august 2016 . the board of m oriental bank . nairobi m oriental bank mob . retrieved 2 august 2016 . mob 2 august 2016 . key people at m oriental bank . nairobi m oriental bank mob . retrieved 2 august 2016 . external links edit website of oriental commercial bank website of central bank of kenya oriental commercial bank limited opened its 8th branch in mombasa dar owners in ksh1 .3 billion oriental deal 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 v t e subdivisions of nairobi kenya neighbourhoods huruma mathare ngara dandora embakasi gigiri kariobangi karen kibera korogocho lang ata eastleigh highridge lavington parklands county divisions central dagoretti embakasi kasarani kibera makadara pumwani westlands retrieved from https en.wikipedia.org w index.php title m oriental bank & oldid 738258159 categories banks of kenyacompanies of kenyabanks established in 20022002 establishments in kenyanairobihidden categories pages using web citations with no urlpages using citations with accessdate and no urlarticles 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 filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 7 september 2016 at 21 39 . text is available under the creative commons attribution sharealike license ; 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