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KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.
In 1970, the Government took full control of the bank and renamed it to Kenya Commercial Bank Group. [6] KCB Bank Kenya, as it is now known, was incorporated in 2015 as a result of the corporate restructure of Kenya Commercial Bank Group (KCB Group). Prior to 2015, KCB Group was both a licensed bank and a holding company for its subsidiaries. [6]
Loan in KES US$ Equivalent Notes 1: KCB Bank Kenya Limited: 2.13 billion: 19.7 million - 2: Housing Finance Company of Kenya: 514 million: 4.75 million - 3: Kenya Stima Sacco: 69 million: 638,050 - 4: Nyandarua Towers Sacco: 29 million: 268,166 - Total
KCB M-PESA Safaricom and KCB launched a mobile savings and loan product March 2015 Lipa Stima Service Okoa Stima allows one to borrow any amount they require based on a predetermined limit given by their historical relationship with Kenya Power & pay their post pay or prepaid KPLC bills by dialing *885# from the mobile. April 2015
Housing Finance Company Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. As of December 2020, the company's total assets were valued at KSh55,445,249,000 (approximately US$497 million), with shareholders' equity of KSh8.562 billion (approx. US$76.8 million).
KCB Bank Tanzania Limited, also KCB Bank Tanzania, is a commercial bank in Tanzania. It is one of the twenty-nine (29) banks licensed by the Bank of Tanzania , the country's banking regulator. [ 1 ] The bank is a member of the Kenya Commercial Bank Group (KCB Group), headquartered in Nairobi , Kenya , with subsidiaries in Kenya , Rwanda , South ...
The bank was established in 1966, initially as a cooperative society. The banking license was granted in 1968. The Kenya Government directed all cooperative societies in the country to transfer their deposits to the Co-operative Bank of Kenya and that all cooperatives buy the bank's shares.
[3] [7] The shares of stock of KCB Group are listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange under the symbol: KCB [8] As of 30 June 2019, KCB Group had total assets of KES:746.51 billion (US$7.46 billion).