A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts, share draft accounts, credit cards, credit, share term certificates, and online banking. Normally, only a member of a credit union may deposit or borrow money. In several African countries, credit unions are commonly referred to as SACCOs.
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network.
Spire Bank, formerly known as Equatorial Commercial Bank(ECB), is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.
A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions. Rather than a branch teller, it is the owner or an employee of the retail outlet who conducts the transaction and lets clients deposit, withdraw, transfer funds, pay their bills, inquire about an account balance, or receive government benefits or a direct deposit from their employer. Banking agents can be pharmacies, supermarkets, convenience stores, lottery outlets, post offices, and more.
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Banking in Germany is a highly leveraged industry, as its average leverage ratio as of 11 October 2008 is 52 to 1 ; its short-term liabilities are equal to 60% of the German GDP or 167% of its national debt.
BPR Bank Rwanda, formerly Banque Populaire du Rwanda SA, is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
Saraswat Co-operative Bank Ltd. is an urban co-operative banking institution, having its headquarters in Mumbai, Maharashtra, India and operating as a co-operative society since 1918. The Founding Members of the society were J.K. Parulkar as chairman, N.B. Thakur as vice-chairman, P.N. Warde as Secretary, and Shivram Gopal Rajadhyaksha as Treasurer.
Co-operative Bank of Kenya is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. The bank has introduced Agency banking model and has a deep customer base in Kenya with over 7.5 million accounts as of December 2018. In 2010, the bank was awarded "Best Bank of Kenya" by the London Financial Times due to their excellent growth.
Kenya Commercial Bank South Sudan Limited, sometimes KCB South Sudan, is a commercial bank in South Sudan. It is licensed by the Bank of South Sudan, the country's central bank and national banking regulator.
Standard Chartered Kenya, whose official name is Standard Chartered Bank Kenya Limited, but is sometimes referred to as Stanchart Kenya, is a commercial bank in Kenya. It is a subsidiary of the British multinational financial conglomerate headquartered in London, United Kingdom, known as Standard Chartered. Stanchart Kenya is one of the banks licensed by the Central Bank of Kenya, the central bank and national banking regulator, in the largest economy in the East African Community.
A chama is an informal cooperative society that is normally used to pool and invest savings by people in East Africa, and particularly Kenya. The chama phenomenon is also referred to as "micro-savings groups". "Chama" is the Kiswahili word for "group" or "body". The chama phenomenon arose out of the idea of harambee, which means "all together", in the late 1980s and 1990s. Originally, chamas tended to be exclusively women's groups, but as chamas started to grow in sophistication and success, men started participating in chamas as well. The chama structure is used throughout Africa, but is particularly popular in Kenya where the word originated. In Kenya there are estimated to be 300,000 chamas managing a total of KSH 300 billion in assets. Chamas are known for their exclusivity. In order to join, new members are typically subjected to extensive interviews and must have assurances or guarantees made for them by an existing member. Some sources have estimated that one in three Kenyans is a chama member.
Wazalendo Savings and Credit Cooperative Society (WSACCO), also referred to as Wazalendo Sacco, is a savings and credit co-operative society in Uganda. It is an institutional Sacco composed of Uganda People's Defence Force (UPDF) personnel and their families, UPDF Reserve Forces, and staff of Uganda's Ministry of Defence. WSACCO is affiliated with the Uganda Co-operative Savings and Credit Union Limited and with the Uganda Co-operative Alliance.
Greater Bank is an Australian customer-owned bank and now a brand of Newcastle Greater Mutual Group, an organisation formed through the merger between Greater Bank and Newcastle Permanent Building Society.
Mwalimu Cooperative Savings and Credit Society Limited, also known as Mwalimu National Sacco Limited, but often referred to as Mwalimu Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community. It is an institutional Sacco, composed of the staff of the Teachers Service Commission (TSC), TSC teachers in secondary and tertiary institutions, TSC teachers in elementary schools, the staff of Mwalimu National Sacco Limited and the spouses of the above members, when formally gainfully employed. The society is licensed and regulated by the Sacco Societies Regulatory Authority.
Imarisha Cooperative Savings and Credit Society Limited, also known as Imarisha Sacco Limited, but often referred to as Imarisha Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community.
Exodus Savings and Credit Cooperative Society Limited, also referred to as Exodus Sacco, is a savings and credit co-operative society in Uganda. It is an institutional Sacco, composed of Uganda Police Force (UPF) personnel and their families.
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.
Unaitas Sacco Society Limited, whose full name is Unaitas Savings & Credit Cooperative Society Limited, also Unaitas Sacco, is a savings and credit co-operative society (Sacco) in Kenya. Membership includes individuals, investment groups and small businesses.
