President Kenyatta of Kenya formally inaugurated the Kenya Commercial Bank Limited in a ceremony in Nairobi on Tuesday, 8th of december.
GV Hilton Hotel TILT DOWN to crowd sitting in open air for ceremony
MV Kenyatta accepts cheque from Mr. Michuki
GV Pan guests, some with umbrellas
MV Kenyatta speaking
GV TILT to ceremony in progress, bank in rear
SV Kenyatta Pan to listeners
GV Guests applaud
MV Kenyatta unveils plaque
CU Plate "Kenya Commercial Bank Limited"
SV & MV Lord Aldington speaks
CU Pan guests
MV Kenyatta cuts tape, doors open, people go in
LV Bank building
Initials JON/JF/OS/2231 JON/JF/OS/2301
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Background: President Kenyatta of Kenya formally inaugurated the Kenya Commercial Bank Limited in a ceremony in Nairobi on Tuesday, 8th of december. In front of spectators sitting beneath the shadow of the new Hilton Hotel, he unveiled the plaque commemorating the foundation and opening of the new bank.
The Kenya Commercial Bank Limited and Grindlays Bank International (Kenya) Limited were founded as separate banks by the division of National and Grindlays Bank. The Kenya Government now holds the majority of the shares in the Kenya Commercial Bank which has its headquarters in the former National and Grindlay offices in Government road, Nairobi. The old National and Grindlays Bank has the majority holdings in the new Grindlays Bank International.
At the opening ceremony in Nairobi, the chairman of the National and Grindlays Bank, Lord Aldington, reminded his listeners that the National and grindlays was the first bank to come to Kenya in 1896.