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Store credit is a special currency that can only be used to make purchases from a specific retailer. [1] [2] It is often used by retailers when customers return a product in lieu of a cash or credit card refund, or when merchandise cannot be exchanged. [3] [2] The store credit amount is usually equal to the item's last sale price. [2]
CIB Kenya was granted a banking licence by the CBK on 20 June 2017 [6] and began its operations on 1 August 2017. [7] [8]In December 2019, Commercial International Bank, based in Egypt began the process of seeking regulatory approval in Egypt and Kenya, to acquire a controlling interest in Mayfair Bank.
This is a list of commercial banks and other licensed credit institutions in Kenya, as updated mid-2023 by the Central Bank of Kenya. [ 1 ] [ 2 ] List of commercial banks
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 .
Kenya Commercial Bank Group, also known as KCB Group, is a large financial services organization in East Africa, whose total assets were valued at approximately US$4.57 billion (KES:385.2 billion), as of 30 September 2013.
Mwalimu Sacco is a medium-tier financial services provider in Kenya. As of December 2013 [update] , 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).
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 ...
NCBA Bank Kenya is a subsidiary of NCBA Group Plc, a large financial services provider in East Africa, and parts of West Africa. The group maintains its headquarters in Nairobi, Kenya. NCBA Group Plc owns subsidiary companies in Kenya, Uganda, Tanzania, Rwanda and the Ivory Coast.