What Kingdom Bank does

Kingdom Bank Limited is a Tier 3 commercial bank in Kenya and a wholly-owned subsidiary of Co-operative Bank of Kenya, following the parent company's acquisition in August 2020. Originally founded in 2001 as Jamii Bora Bank (a charitable trust formed by fifty families in Nairobi) and merged with City Finance Bank in March 2010 to become a fully-fledged commercial bank, the institution now serves micro, small and medium enterprises (MSMEs), retail customers, youth and women-owned enterprises, chama and micro-groups, diaspora customers, and select corporates through a network of 27 branches and a set of digital channels.

The bank's product portfolio spans current, transaction, savings, junior savings, micro-group, chama, diaspora, and Faidi Dada accounts on the deposit side, and salary check-off, Faidi Dada, chama investment, micro-group, unsecured business, and Daraja loans on the credit side, complemented by trade finance solutions (KBID for import/export documentation, LPO financing, and performance guarantees) delivered through the K-Bid digital portal. Underlying technology consists of core banking infrastructure accessed via Digilife internet banking, a mobile banking application, the KESONIA loan-pricing and processing platform, and the K-Bid trade finance portal; no public APIs or external developer interfaces are exposed. The bank achieved ISO 27001:2022 certification in 2024, becoming the first Tier 3 bank in Kenya to reach that information-security standard.

Kingdom Bank operates a traditional commercial bank revenue model: interest income from lending (Ksh 3.7 billion as of December 2023) and non-interest income from fees and commissions (Ksh 533.7 million), against total assets of Ksh 36.7 billion and profit before tax of Ksh 1.08 billion. Go-to-market is hybrid: physical branches for relationship-led MSME and chama acquisition, combined with direct-to-consumer digital onboarding through Digilife and mobile banking for retail and diaspora segments, plus bancassurance distribution through subsidiary Kingdom Bancassurance Intermediary Limited. Strategic focus is explicitly on financial inclusion, MSME growth support, and trade finance, with active branch-network expansion in 2026 (Naivasha and Industrial Area openings) and product extension into trade and digital channels.

Name

Kingdom Bank

Legal name

Kingdom Bank Limited

Website

https://kingdombankltd.co.ke

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

Kingdom Bank is a Tier 3 Kenyan commercial bank and Co-operative Bank of Kenya subsidiary serving MSMEs, retail, women/youth entrepreneurs, diaspora, and select corporates via 27 branches and digital platforms including Digilife, mobile banking, and K-Bid trade finance.

Ownership category

akta.pro rank

Product category

Retail and SME Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Microfinance lending
• Trade finance solutions
• SME banking
• Digital banking platforms

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Revenue generated from lending activities including personal loans, micro-finance loans, business loans, and trade finance solutions. As of December 2023, interest income reached Ksh 3.7 billion.
2. Non-Interest Income: Fees and commissions from banking services, account maintenance, transactions, and other banking operations. As of December 2023, non-interest income stood at Ksh 533.7 million.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Kingdom Bank is a Kenyan commercial bank providing a comprehensive suite of deposit accounts (current, savings, junior, chama, micro-group, diaspora, Faidi Dada), lending products (salary check-off, microfinance, unsecured business, Daraja business loans), and trade finance solutions (KBID local purchasing, LPO financing, performance guarantees) to MSMEs, retail customers, and select corporates. The bank serves its customers through 27 physical branches combined with digital channels including the Digilife internet/mobile banking platform, the K-Bid trade finance portal, and the KESONIA loan processing system. It also distributes insurance products via its Kingdom Bancassurance Intermediary Limited subsidiary.

Product overview

Kingdom Bank operates as a subsidiary of Co-operative Bank of Kenya (acquired August 2020) offering a comprehensive suite of banking products for MSMEs, retail customers, and select corporates. The portfolio includes multiple account types (Current, Transaction, Savings, Junior Savings, Micro Group, Chama, Diaspora, and Faidi Dada accounts) and loan products (Salary Check-Off, Faidi Dada, Chama Investment, Micro Group, Unsecured Business, Daraja loans) plus trade finance solutions (KBID, LPO Financing, Performance Guarantee). Digital services include Digilife internet banking, KESONIA loan processing, and K-Bid trade finance portal. The bank serves as the preferred bank for MSME sector with 27 branches across Kenya, focusing on flexibility, convenience, and affordability.

Differentiator

Problem solved

Functional benefit

Brands

• KESONIA: A loan product offering.
• K-Bid

Products and services

• Kingdom Bank Current Account Standard current account for daily banking and business transactions with interest-earning features, available to individuals and businesses operating in Kenya.
• Kingdom Bank Transaction Account Unique account for daily banking and transactions with no minimum operating balance and no monthly ledger fees, designed for retail and small business customers.
• Kingdom Bank Savings Account Interest-earning savings account where funds are accessible from day one of account opening, available to retail and business customers.
• Kingdom Bank Junior Savings Account Savings account designed for children to teach financial literacy and saving culture from an early age, opened by parents or guardians.
• Kingdom Bank Micro Group Account Account designed for microfinance groups and collective savings entities to manage group funds and access microfinance services.
• Kingdom Bank Chama Account Account tailored for chamas (informal investment groups) to manage collective savings and investments.
• Kingdom Bank Diaspora Banking Accounts Diaspora savings and transactional accounts with no monthly ledger fees for Kenyans living abroad, allowing them to safely save in Kenya while earning interest and accessing loans for project financing.
• Faidi Dada Account Account product targeting women entrepreneurs with tailored banking features to support their financial inclusion and business activities.
• Salary Check-Off Loan Personal loan product for salary earners with check-off arrangement for repayments, providing convenient access to credit for employed individuals.
• Faidi Dada Loan Microfinance loan product targeting women entrepreneurs to support business growth and financial inclusion.
• Chama Investment Loan Loan product for chama (informal investment group) members to enable collective investment in business opportunities.
• Micro Group Loan Loan product for microfinance groups to support group-based lending activities for micro-enterprises.
• Unsecured Business Loans Business loans without collateral requirements, available to SMEs to fund operations and growth.
• Daraja Loan Business loan product designed to help SMEs access growth financing.
• KBID (Kingdom Bank Import/Export Document) Trade finance solution for handling import and export documentation processing for corporate customers.
• LPO Financing Local Purchase Order financing to help businesses fulfill large orders from corporate clients.
• Performance Guarantee Trade finance guarantee product for contractual performance obligations issued for corporate customers.
• Bancassurance Insurance products and services offered to bank customers through the Kingdom Bancassurance Intermediary Limited subsidiary.

Quantifiable outcome

• Total assets of Ksh 36.7 billion as of December 2023
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Emerald SaccominorStrategic or Co-development PartnerEmerald Sacco is a savings and credit cooperative started in 2017 for Kingdom Bank employees. It provides a mechanism for staff to save and borrow at affordable rates. The Sacco has grown to over 2000 members with an asset base of Ksh 80 million as at November 2024. It operates under the Co-operative Societies Act and is regulated by the Ministry of Co-operatives.
• Kingdom Bancassurance Intermediary LimitedcoreStrategic or Co-development PartnerKingdom Bancassurance Intermediary Limited (KBIL) is a subsidiary of Kingdom Bank that offers insurance products and services to bank customers. It operates under its own data protection and privacy policy, providing bancassurance services to enhance the financial solutions offered by the bank.
• City Finance BankcoreStrategic or Co-development PartnerIn March 2010, Kingdom Bank (then Jamii Bora Bank) merged with City Finance Bank (CFB), a small private financial services provider. In the merger, CFB acquired JBB and took on its name. This merger transformed the bank into a fully fledged commercial bank.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Regional players

• HF Group (formerly Housing Finance): Kenyan mid-tier bank with retail, mortgage and SME offerings. Similar mid-tier positioning with comparable deposit and lending products.

Broad incumbents

• Co-operative Bank of Kenya: Kingdom Bank's parent company and one of Kenya's largest Tier 2 banks, offering a similar suite of retail, MSME and corporate banking products. Directly comparable on customer base and product set, but at significantly greater scale and broader geographic reach.
• NCBA Bank Kenya: Kenyan Tier 2 bank resulting from NIC-BCBA merger, offering retail, SME, corporate and trade finance products. Comparable across SME and trade-finance product lines, though serving a broader customer base.
• KCB Bank Kenya: Kenya's largest Tier 1 commercial bank with extensive retail, MSME and corporate operations. Comparable products across the spectrum, but at materially larger scale and broader geographic footprint.
• Stanbic Bank Kenya: Subsidiary of Standard Bank Group serving Kenyan retail, SME and corporate segments. Comparable in trade finance and SME offerings, though with a stronger corporate tilt.

Direct peers

• Equity Bank Kenya: Kenya's flagship MSME and financial-inclusion-focused bank. Highly comparable target segments (MSMEs, women, youth, microfinance) and product set, but operating at Tier 1 scale with hundreds of branches and a much larger balance sheet.
• Family Bank Kenya: Mid-tier Kenyan commercial bank serving retail, SME and institutional customers with a similar branch-based distribution model. Closest Tier 3 peer in terms of scale and segment focus.
• I&M Bank Kenya: Mid-tier Kenyan commercial bank with strong retail, SME and trade finance offerings. Comparable customer mix and product portfolio, with a similar branch-led GTM motion.
• Diamond Trust Bank Kenya: East African commercial bank with significant Kenyan retail, SME and corporate presence. Similar mid-tier scale and comparable product mix including trade finance.

Emerging players

• Faulu Microfinance Bank: Kenyan microfinance bank (now part of Old Mutual) focused on MSMEs, women and youth — segments highly comparable to Kingdom Bank's micro-finance, Faidi Dada and Chama products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/jamiiborabank
• Facebookfacebook.com/JamiiBoraBankLtd
• LinkedInlinkedin.com/company/kingdombankkenya
• Instagraminstagram.com/kingdombankkenya

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kingdom Bank