The question is
- Is there a critical mass in terms of customers for them to open a branch? There are around 64-100,000 Kenyans (including children) in the UK and they would all have to be operating an account to make it worthwhile in terms of the bank being to meet its overhead, staff, regulatory and utility costs. And to justify the £2.5m capital required to be able to start taking deposits.
- Could pass they the regulator's heavy hand? UK banks are heavily regulated and in the case of those with overseas banks, this is extended to the parent bank. In effect KCB would be expected to show that its liquid enough to support its entity in the UK. And to pass the test on a host 8 other criterion.
5 comments:
I would definitely consider banking with them if they opened a branch overseas.
Hi yo! Nice lines on BD Africa. Keep it up.
Yes, they should look into it for the businesses that trade in/with the UK e.g. exporters.
This would make sense for KCB (not as a deposit-taking institution) but as an office for trade finance.
KCB could borrow a leaf or two from CRDB Bank of Tanzania which opened a UK branch two years ago.
Ssem-true
KE-asante. tunaendelea kujenga nchi
CT-how about they start with corresponding business for Kenyans? I don't how much business they'd get from non-indegenous kenyan businesses. Many apparently prefer StanChart.
Dar-millionaire-tx for visiting. I think you maybe able to help me. visited that CRDB, I coudln't see anything about their London office, but I noticed they are doing an IPO shortly. Do you have nay more info?
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