Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
Absa Bank Kenya
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Patel owns one percent of Absa Bank Kenya, a subsidiary of Absa Group Limited of South Africa.
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Awori is joining Ecobank after 25 years in the banking industry.
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Absa Bank Kenya reported triple-digit earnings growth in the 2021 fiscal year.
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His resignation will take effect on Oct. 31.
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Awori said the shifting operating climate compelled management to take urgent actions to protect capital and liquidity.
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Formerly Barclays Bank Kenya, Absa Bank Kenya is the local subsidiary of the South Africa-based Absa Group.
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Absa Bank Kenya is a leading bank in Kenya and an operating subsidiary of Absa Group Limited.