KCB disburses Sh53.2bn green loans, Sh913mn to youth, women

NAIROBI, Kenya, Oct 8 - KCB Bank disbursed Sh53.2 billion in green loans in 2024, marking a significant expansion of its financing for projects that drive Kenya breaking news | Kenya news today |..

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KCB Bank has significantly expanded its green financing, disbursing Sh53.2 billion in green loans in 2024, pushing its green portfolio to 21.32 percent. The bank also allocated Sh913 million of its supplier contracts to businesses owned by special interest groups, including youth and women.

Green loans disbursed by KCB Bank in 2024: Sh53.2 billion, increasing the green portfolio to 21.32 percent.
KCB Group CEO Paul Russo stated, "Green financing is not just an environmental imperative, but a social one."
Sh913 million in supplier contracts were allocated to businesses owned by youth, women, and persons with disabilities (PWDs).
The bank assessed Sh578.3 billion in loans for environmental and social risks in the past year, and achieved a 4 percent reduction in resource consumption.

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