Search results
Results From The WOW.Com Content Network
Chamas are regulated in Kenya and most other countries under the "Cooperative Societies Act" or similar legislation. In Kenya when a chama reaches a certain size, it can apply to become a savings and credit cooperative, which is similar to a credit union. Some chamas have grown to become SACCOs and a few of those have even continued to become ...
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.
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.
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). At that time, the society had in excess of 57,520 members and a loan book of approximately US$241.5 million (KES:20.96 billion). [ 3 ]
Co-operative Bank of Kenya Ltd; Credit Bank PLC; Development Bank of Kenya Ltd, state-owned; Diamond Trust Bank Kenya Ltd, part of Diamond Trust Bank Group; DIB Bank Kenya Ltd; Ecobank Kenya Ltd, part of Ecobank Group; Equity Bank Kenya Limited, part of Equity Group; Family Bank Ltd; Guaranty Trust Bank (Kenya) Ltd, part of GTCO Group; Guardian ...
Development Bank of Kenya is a medium-sized financial institution providing an array of financial services to both individuals and businesses. As of December 2013 [update] , the total asset valuation of the bank was approximately US$180 million (KES:15.58 billion), with shareholder's equity of about US$21 million (KES:1.822 billion). [ 2 ]
Imarisha Sacco is a small financial services provider in Kenya. As of December 2013, it was the ninth-largest Cooperative Savings and Credit Society in Kenya, with total assets of approximately US$142 million (KSh20 billion). At that time, its membership numbered in excess of 190,000, with shareholders' equity of about US$37 million (KSh3.2 ...
The Group's origins in Kenya date back to 1968 when it was a department within the Kenya National Federation of Co-operatives. In 1978, the department was registered and licensed as Co-operative Insurance Services Limited, a composite insurance company to write all classes of business with its target market, the cooperative movement.