Banks and Licensed Financial Institutions (LFIs) are licensed under the Banks and Financial Institutional Act 2000 (BFIA) to conduct "banking business". The BFIA defines banking business as the "business of taking money on deposit and using that money to lend to others or to finance any other activity of the business, wholly or to a material extent, out of the capital or interest on money received by way of deposit".Under the BFIA, an institution can apply to be licensed as a bank or an LFI. The minimum capital requirements are K15 million for banks and K1.5 million for LFIs.

• List of Licensed Banks and Financial Institutions  16.93 Kb 
• Banks and Financial Institutions Act 245.15 Kb