KCB Group is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies.
The holding company was set up to among other things to enhance the Group’s capacity to access unrestricted capital and also enable investment in new ventures outside banking regulations, achieve operational and strategic autonomy for the Group’s operating entities and enhance corporate governance across the Group and oversight in management of subsidiaries.
Related documentation: Group Name Change, Name Change Certificate, Banking License (KCB Bank Kenya LTD), Certificate of Incorporation (KCB Bank Kenya LTD), KCB Advise on Non-Operating Holding Company, KCB Group Structure, Memorandum and Articles of Association (KCB Bank Kenya LTD), Kenya Gazette Notice, USA Patriot Act Certification, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities).