Victoria Commercial Bank

Subsidy : July 2025

BIO has granted EUR 16,340 of technical assistance to Victoria Commercial Bank, a high-end SME Corporate Bank based in Kenya.

Amount

$ 19,101.00

Type of investment

Subsidy

Beneficiary locations

Africa: Kenya

Activity

KK.64.190 Commercial banking

Organisation

Victoria Commercial Bank

Website

https://www.victoriabank.co.ke/

Domicile

Kenya

More investments in

Victoria Commercial Bank

Debt € 8,149,300.00 (2022)

Victoria Commercial Bank PLC (“VCB”) is a high-end SME Corporate Bank that has garnered acclaim for its niche private banking model, catering to business entities and high net-worth individuals. It is licensed and regulated by the Central Bank of Kenya. VCB serves mostly SMEs (92% of the loan book) with lending and deposit products and with a service of private banking. BIO signed a 10M USD loan in March 2022.

Technical assistance

In today's rapidly evolving financial environment, marked by shifting regulations and an increased global emphasis on data protection and quality management standards, maintaining strong compliance and risk management frameworks is essential. To meet these demands, the Bank must upskill its team and implement comprehensive systems that ensure compliance, mitigate risk, and improve service delivery. The importance of robust data protection protocols is especially critical in the bank industry, where managing sensitive information is integral to their operations. The objective of this TA is to Enhance data protection and risk management in all the bank’s operations and establish a culture of continuous improvement in these two areas.