Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
KBA CEO Habil Olaka/CFM

Headlines

KBA admits Caritas Microfinance Bank to the Association

NAIROBI, Kenya, Aug 24 – Kenya Bankers Association has announced that Caritas Microfinance Bank has joined its membership, bringing its total membership to 47 banks.

Licensed and regulated by the Central Bank of Kenya, Caritas was founded by the Catholic Archdiocese of Nairobi and launched in June 2015 as a deposit taking microfinance institution.

In describing the bank, KBA CEO Dr. Habil Olaka says the bank has grown to become a leading microfinance bank, offering a range of services, including current and savings accounts, term loans and asset finance, LPO finance and foreign exchange solutions.

“KBA is delighted to have Caritas join the Association and we are confident the bank will contribute to our long-term vision of reinforcing the industry’s role in advancing Kenya’s sustainable economic development,” said Olaka.

In 2013, KBA amended its constitution to broaden its base to incorporate other institutions, including deposit taking microfinance institutions and the representative offices of foreign based banks.

Since then, Kenya Post Office Savings Bank, KWFT, Faulu and Rafiki microfinance banks have joined the Association.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...