KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region.
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To drive efficiency whilst growing market share in order to be the preferred financial solutions provider in Africa with a global reach.
What is the main purpose of commercial banks?
The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. In this respect, credit creation is the most significant function of commercial banks.
How does a commercial bank work?
A commercial bank is a financial institution that grants loans. … The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, Each market operates under different trading mechanisms, which affect liquidity and control.
Who owns Kenya Commercial Bank?
KCB Bank Kenya Limited/Parent organizations
The government of Kenya bought a 60% stake in National & Grindlays Bank and took full control of it in 1970; renaming it Kenya Commercial Group. It was renamed KCB Bank Kenya after a corporate restructure. KCB Bank Kenya is a wholly-owned subsidiary of the KCB Group.
What are the types of a commercial bank?
Commercial Banks can be further classified into public sector banks, private sector banks, foreign banks and Regional Rural Banks (RRB). On the other hand, cooperative banks are classified into urban and rural.
What are the characteristics of a commercial bank?
The two primary characteristics of a commercial bank are lending and borrowing. The bank receives the deposits and gives money to various projects to earn interest (profit).