KCB Kenya

Subsidy : October 2022 - May 2024

BIO has granted USD 42.6 K of technical assistance to KCB Kenya, a Kenyan commercial bank.

Amount

€ 42,512.20

Type of investment

Subsidy

Beneficiary locations

Africa: Kenya

Investment field

Financial Institutions

Activity

KK.64.190 Commercial banking

Organisation

KCB Kenya

Website

https://ke.kcbgroup.com/

Domicile

Kenya

More investments in

KCB Kenya

Subsidy € 28,200.00 (2021-2022)
Debt € 18,040,180.40 (2020)

Kenya Commercial Bank Kenya (KCBK) is a subsidiary of the holding of KCB Group (KCBG), the largest banking group in East Africa and leading the market in terms of branch network (360), assets (around USD 9 bn) and customer base (around 22.8 M) with presence in 7 countries: Kenya (HQ), Tanzania, South Sudan, Uganda, Rwanda, Burundi & Ethiopia (representative office).

Technical assistance

The technical assistance is aimed at expanding the availability of and access to non-financial services for women-led MSME clients through the creation of an educational mobile application.

Expected impact

Through the support of the Business Development Support Fund, the bank will be in a position to facilitate access to credit for women-owned MSMEs

Read impact and news about this project

News

IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

16-03-2021

IFC, BIO, SANAD, and Symbiotics announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.