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Kenya Deposit Insurance Corporation is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.
Access Bank (Kenya) PLC, part of Access Bank Group; African Banking Corporation Ltd (ABC Bank) Bank of Africa Kenya Ltd, part of Bank of Africa Group; Bank of Baroda (Kenya) Ltd, part of Bank of Baroda Group; Bank of India, part of Bank of India Group; Citibank N.A. Kenya, part of Citigroup; Commercial International Bank Kenya Ltd (CIB), part ...
Bank of Baroda (BOB or BoB) is an Indian government Public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India . Based on 2023 data, it is ranked 586 on the Forbes Global 2000 list.
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 ...
The company changed its name to Faulu Kenya Deposit Taking Microfinance (DTM) Limited in 2008 as part of the requirements to obtain the Deposit Taking Licence from the Central Bank of Kenya. In May 2009, Faulu became the first registered DTM in Kenya under the Micro-Finance Act and is regulated by the CBK. [ 2 ]
Stanbic Bank Kenya Ltd, part of Standard Bank Group; Lesotho. Central Bank of Lesotho; First National Bank (South Africa) Nedbank; Standard Bank [13] ...
Imperial Bank is a medium-sized retail bank that caters to both individuals and corporate clients. As of December 2013, the bank's total asset base was valued at about US$498 million (KES:43 billion), with shareholders equity of approximately US$66.2 million (KES:5.719 billion). [5]
On 14 December 2010, SMEP was awarded a deposit taking licence by the Central Bank of Kenya. Making it the third deposit taking microfinance institution (MFI) in Kenya. [1] The firm's name was then changed to SMEP DTM i.e. SMEP Deposit Taking Microfinance. [3] SMEP DTM sought to raise capital through private placement in the last quarter of ...