2013-08-14

Procedures For Licensing Commercial Bank

To obtain a license for a commercial bank, mortgage finance company, or non-bank financial institution in Kenya, one must follow key steps, including preliminary meetings with the Central Bank of Kenya, seeking name approval, incorporation, and submitting extensive documentation. The process involves significant fees and requirements, such as providing evidence of capital sources and meeting minimum capital thresholds. Upon fulfilling these conditions, the Central Bank grants an approval in principle, allowing applicants to establish premises and recruit staff before final inspection and license issuance.

Kenya

Central Bank of Kenya

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