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The accounts in East African rupee. By 1931, the institution offered similar services East Africa and one could use their account from anywhere in Kenya, Tanzania and Uganda. [4] This continued till the breakup of the East African Community in 1977 after which the Bank focused its attention to the Kenyan market.
Consolidated Bank is a medium-sized financial services provider in Kenya, focusing on meeting the banking needs of small and medium-sized enterprises in the country. As of December 2017, the Bank's total asset valuation stood at about US$133.6 million (KES: 13.5 billion), with Shareholders' Equity valued at about US$10.5 million (KES: 1.06 ...
A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the ...
Due to their fixed terms and low deposit requirements, CDs can offer significantly higher interest rates when compared to traditional savings and checking accounts — up to 10 times more than the ...
Today’s best savings rates are at FDIC-insured digital banks and accounts offering yields of 5.36% APY and higher with a minimum $500 opening deposit at My Banking Direct and Western Alliance ...
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 .
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd
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. In 2010, the bank was awarded "Best Bank of Kenya" by the London Financial Times due to their excellent growth. [3]