Development Bank of Kenya is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[1]
Overview
Development Bank of Kenya is a medium-sized financial institution providing an array of financial services to both individuals and businesses. , the total asset valuation of the bank was approximately US$180 million (KES:15.58 billion), with shareholder's equity of about US$21 million (KES:1.822 billion).[2] At that time, the bank was ranked number 26, by assets, among the 43 licensed banks in Kenya.[3]
History
Development Bank of Kenya was established in 1963 as a non-banking financial institution. Its primary focus at that time was to promote and develop commercially viable projects in Kenya