Authorized Deposit-Taking Institutions

Objective of the Banking Supervision Department

The Banking Supervision Department (BSD) has primary responsibility for the supervision and the sound prudential management enforcement of the Authorised Deposit-Taking Institutions (ADI) of the financial system. ADIs includes commercial banks, finance companies, micro-banks, and savings & loan societies.

Banks & Licenced Financial Institutions

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.

Prudential Standards 

Banks & Licenced Financial Institutions

Licensing Applications

Banks & Licenced Financial Institutions

Reporting Forms

Banks & Licenced Financial Institutions

 Savings & Loan Societies

Savings and Loan Societies (S&L) are registered under the Savings and Loan Societies (Amendment) Act, 1995. The S&Ls are established by people sharing common bond of membership such as those employed in the same organization, industry or originating from the same province. Under the act, the members own the society by virtue of their membership.The objects of S&Ls are to; (i) receive savings and make loans to their members, (ii) promote thrift amongst their members, and (iii) educate their members in financial responsibility.

Directives

Reporting Forms

Savings & Loan Societies Reporting Forms

Financial Stability

List of Authorized & Licenced Financial Institution

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Licensed Financial Institutions

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Financial System Development

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Licensed Institutions

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Authorized Superannuation Funds

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Licensed Life Insurance Companies

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Financial Stability

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About Financial Stability

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