KCB Kenya
BIO has granted EUR 28.200 of technical assistance to KCB Kenya, a Kenyan commercial bank.
Amount
€ 28,200.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Financial Institutions
Activity
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.
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Equity
