Home Finance Banks Development Bank of Kenya: Purpose, Values, FAQ, Contact Details

Development Bank of Kenya: Purpose, Values, FAQ, Contact Details

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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.

Purpose

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. In 1964, DBK began financing development projects as a Development Finance Institution (DFI).

Values

  • Fairness
  • Professionalism

FAQ

Which is the world’s largest development bank?

The world’s largest development bank, IBRD provides financial products and policy advice to help countries reduce poverty and extend the benefits of sustainable growth to all of their people

How does a development bank work?

In addition to loans, some development banks also manage some of the minority equity positions of their governments. That is, development banks can act like private equity firms, creating another channel through which local firms can capitalize. Empirical research on development banks is scant.

Which is the first development bank in the world?

The oldest development bank named Societe Generale de Belgique was established in 1822 AD in Belgium. Development bank helps the industries directly or indirectly for the preparation of plans and policies and implementing them. Development Bank encourages and attracts national and international investors.

What are the types of development banks?

List of Development Banks In Nigeria

  • Bank of Agriculture.
  • Bank of Industry.
  • Nigeria Export and Import Bank.
  • Federal Mortgage Bank of Nigeria.
  • National Economic Reconstruction Fund (NERFUND)
  • The Infrastructure Bank.

What is a developmental bank?

Development banks are specialized financial institutions. They provide medium and long-term finance to the industrial and agricultural sector. They provide finance to both the private and public sector. Development banks are multipurpose financial institutions.

Contact Details

Head Office Address: 16th Floor, Finance House
Loita Street
P.O.Box 30483-00100
Nairobi, Kenya.
Email: [email protected]

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