KCB Kenya

Subsidy : July 2021 - July 2022

BIO has granted EUR 28.2 K of technical assistance to KCB Kenya, a Kenyan commercial bank.

Amount

€ 28,200.00

Type of investment

Subsidy

Beneficiary locations

Sub-Saharan 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)
Debt € 18,040,180.40 (2020)

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).

Technical assistance

The main objectives of the Programme are:

Enhancement of Beneficiary’s existing E&S risk categorization process which informs the bank’s Environmental and Social Due Diligence and conveys the bank’s
understanding of the potential magnitude of the E&S risks and impacts of transactions proposed for financing
Development of training materials and train the Beneficiary staff (relationship managers, compliance managers, credit analysts and the trainers (the E&S champions) with respect to E&S, IFC Performance Standards, ...

Read impact and news about this project

News

IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

16-03-2021

IFC, BIO, SANAD, and Symbiotics announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.