The growth of Postbank has been, in a word, spectacular.
Reliability and efficiency have been instrumental in turning it around. It now
boasts a large, solid and diversified customer base with a history of
unparalleled feats and a record of many firsts.
Postbank, as the Kenya Post Office Savings Bank is now popularly known, has
experienced phenomenal growth with its focus as “The Bank of Choice” neatly
dovetailing with Vision 2030 in the noble quest of taking banking closer to
Kenyans. Postbank recognises the importance of innovation and opportunity.
Almost everyone can trace their first banking experience to Postbank — millions
of Kenyans have been served by this bank since 1st April, 1910, when the first
account was opened in the then Savings Bank. Millions of Kenyans have held an
account at Postbank. About 8 out of every 10 account holders in any bank today
started their banking at Postbank. It boasts 1.2 million active account holders.
Its balance sheet showcases a formidable asset base standing at KSh17 billion, a
10 per cent growth rate from 2009.