KCB Kenya Tier II Loan (IFC-52726)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Kenya
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 4, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
KCB Bank Kenya Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 8, 2026

Disclosed by Bank Aug 4, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

PROJECT DESCRIPTION 

According to bank provided information, the proposed investment in KCB Bank Kenya Limited (KCBK or the Bank), a systemic bank in Kenya, is a Basel II Tier 2 qualifying subordinated loan of up to US$150 million (including US$100 million for IFC's own account and up to US$50 million in mobilization from B and Parallel lenders). The subordinated loan will enhance KCBK's capital base and support the growth of KCBK's MSME lending portfolio, with a 25% allocation to women-led MSMEs (WMSMEs) (the Project).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Project is a Basel II Tier 2 qualifying subordinated loan of up to US$150 million, of which up to US$100 million is for IFC's own account.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

KCBK is the largest banking institution in Kenya and the anchor subsidiary of KCB Group (KCBG or the Group), a leading banking group in East Africa with operations across multiple markets. KCBK accounts for 71 percent of the Group's net income as of December 2025, reflecting its dominant franchise in the domestic market, strong corporate and retail banking capabilities, and leadership in digital financial services. KCBK benefits from a well-established market position, broad customer base, and strong brand recognition, supported by an extensive distribution network and a rapidly growing digital platform. The Bank plays a systemic role in supporting key segments of the Kenyan economy, including corporates, retail and MSME clients.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
KCB Bank Kenya Limited
James Mugo
Director, KCB Bank Kenya Limited

JNMugo@kcbgroup.com
P.O Box 48400- 00100Nairobi, Kenya
https://ke.kcbgroup.com/

 

ACCESS TO INFORMATION

 

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

 

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org 

How it works

How it works