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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]
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 town is a trade hub with several businesses, and several banks: Equity Bank, Family Bank, Cooperative bank, Kenya Commercial Bank and the Yetu Sacco Bank, Capital Sacco Bank, Times U Sacco and Bimas. There are three major hospitals, Nkubu Consolata Mission hospital jekim hospital and Kanyakine district hospital, 4 kilometres (2.5 miles) away.
The building is owned by the Kenya Commercial Bank Employee Pension Fund, who are footing the US$26 million (KES:2.1 billion) construction bill. In April 2012, Kenyan press reports indicated that the rentable space inside the building had been increased to 228,330 square feet (21,213 m 2 ).
KCB Bank Burundi (KCB), part of KCB Group [5] CRDB Bank Burundi (CRDB), part of CRDB Bank Group; Banque Communautaire et Agricole du Burundi (BCAB) Banque d'Investissement pour les JEunes (BIJE), government-owned; Banque de l'Habitat du Burundi (BHB) Banque d'Investissement et de Développement pour les Femmes (BIDF), government-owned
[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).
Meru has 22 bank branches. Kenya's Banks, Equity, Postbank, Barclays, Standard Chartered Co-Operative, Diamond Trust, National Bank and Family Bank, CBA, Fina Bank, K-rep Bank, Eco-BAnk, CFC stanbic, NIC, Housing Finance, KCB, Bank of Baroda, have branches in the town while several micro-finance institutions are also available.
KCB South Sudan was founded in 2005, following the cessation of hostilities between South Sudan and Sudan and the signing of the Comprehensive Peace Agreement (CPA) in Naivasha, Kenya. As of October 2013 [update] , KCB South Sudan maintained a network of 20 branches, serving over 138,000 deposit customers, representing 42% of all banking ...