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Tuesday, July 20, 2010

SOUTHERN CREDIT

Southern Credit Banking corporation is a member of the prestigious Southern Shield Group of companies.Incorporated as a shipping company in 1952, Southern credit commenc3ed operations under the name Southern Line Limited.

Withe the passing of the years, Southern credit has grown from strength to strength. From 1980, Southern Credit operated as a financial institution before becoming a fully fledged commercial bank in May 1996. Six years later, it merged with Bullion bank in order to harness the synergies of both banks.

This merger has paid off, as the resultant has led a much stronger institution with a capital base of over ksh 500 million, and an asset base of over ksh 5 billion.

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