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Jamii Bora Bank
Kenya
1999 (26 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Jamii Bora Bank
Company Information
Get to know Jamii Bora Bank
Jamii Bora Bank (JBB) is a household brand with a rich heritage in Kenya associated with enabling Kenyans achieve their full potential. With its roots anchored in the most ordinary neighborhoods and homes in Kenya, helping entrepreneurs grow Micro Businesses into Medium Enterprises, JBB has emerged as a premier bank dedicated to entrepreneurship and savings, with a focus on innovation and relationship banking. JBB has grown its total capital consistently over the last 5 years to stand at an impressive Kshs. 4.4 billion placing it among the top 20 highest capitalized Banks in a country with 43 banks and other multiple financial services companies. We have 26 branches and continue to open branches across the country to increase our foot print and bring our services closer to our customers. We recognize that the future is being driven by technology and we have deployed state of the art mobile and internet banking, agency banking, ATMs and card services that enable our clients transact whenever and wherever they want and from any type of device. We will continue to invest in technology as a key differentiator.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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