KCB Kenya

Debt : December 2020

BIO has granted a USD 22 M loan to KCB Kenya, the largest commercial bank in Kenya.

Amount

€ 18,040,180.40

Type of investment

Debt

Development impacts

Local economic growth
Food security & rural development
Gender

Beneficiary locations

Africa: Kenya

Investment field

Financial Institutions

Activity

KK.64.190 Commercial banking

Organisation

KCB Kenya

Website

https://ke.kcbgroup.com/

Domicile

Kenya

More investments in

KCB Kenya

Subsidy € 42,512.20 (2022-2024)
Subsidy € 28,200.00 (2021-2022)

Kenya Commercial Bank Kenya (KCBK) is a subsidiary of the holding of KCB Group (KCBG), the largest banking group in East Africa and leading the market in terms of branch network (360), assets (around USD 9 bn) and customer base (around 22.8 M) with presence in 7 countries: Kenya (HQ), Tanzania, South Sudan, Uganda, Rwanda, Burundi & Ethiopia (representative office).

KCB Kenya is seeking to enlarge its MSME portfolio and to build on its existing support for clean energy, green buildings, and climate-smart agribusinesses projects, helping Kenya meet its climate targets.

The transaction is part of a $150m syndication by IFC, together with SANAD and Symbiotics.

The loan will help expand financing to unique market segments like women and youth-owned enterprises

Joshua Oigara, KCB Group Chief Executive Officer & Managing Director

Development impacts

Local economic growth
Credit provision to MSMEs
Food security & rural development
Food security and rural development - Access to credit for rural/agricultural MSMEs and cooperatives
Gender
Promotion of gender equality: 2X eligible on three criteria (Leadership, Employment & Consumption)