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Co-operative Bank of Kenya 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. [2] The bank has introduced Agency banking model and has a deep customer base in Kenya with over 7.5 million accounts as of December 2018.
Access Bank Kenya [6] Bank of Baroda [7] Bank of India [8][9] Citibank [10] Consolidated Bank of Kenya [11] Cooperative Bank of Kenya [12] Credit Bank [13] Development Bank of Kenya [14] Diamond Trust Bank [15]
B2 negative (2020) (Moodys Investor Service) [1] Website. ke.kcbgroup.com. KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. [3] The bank has also been running Agency banking model.
Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities. [1] Many cooperative banks are traded on public stock markets, with the result that they ...
Before 2015, KCB was both a licensed bank and a holding company for its subsidiaries. In compliance with the Kenya Finance Act No. 57 of 2012, KCB Group announced in April 2015 its intention to incorporate a new, wholly owned subsidiary, KCB Bank Kenya Limited, to which it would transfer its Kenyan banking business, assets, and liabilities.
Mwalimu Sacco is a medium-tier financial services provider in Kenya. As of December 2013, it was the largest Savings and Cooperative Society (Sacco) in the country, with an asset base valued at about US$282.2 million (KES:24.5 billion).
Other investors in the bank include Baraka Africa Fund (BAF), and other individual investors. [7] In March 2020, Co-operative Bank of Kenya, the country's fourth-largest commercial bank, with nearly 10 percent market share of national banking assets, proposed the acquisition of Jamii Bora Bank. [8]
Cooperative Bank Group. Cooperative Bank of South Sudan is a member of the Cooperative Bank Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. As of December 2013, the Group's asset base exceeded US$2.6 billion (KES:231.2 billion), with shareholders' equity in excess of US$414 million (KES:36.8 billion). [2]