Sharp Daily
No Result
View All Result
Tuesday, June 24, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

CDSC Designates Family Bank As A Central Depository Agent

Cynthia Mungai by Cynthia Mungai
September 22, 2022
in News
Reading Time: 2 mins read
Family Bank

Family Bank [photo/courtesy]

The Central Depository and Settlement Corporation Limited (CDSC) has appointed Family Bank as a Central Depository Agent (CDA).

By utilising its current clientele to expand its network, the bank, as a CDA, will now be able to attract new customers and keep CDS accounts. Family Bank will serve as a settlement bank for the Nairobi Securities Exchange (NSE), offering money settlement services to other Central Depository Agents as well as their CDA business unit.

The biggest economy in the East African Community, Kenya, is home to Family Bank Limited, also known as Family Bank. The Central Bank of Kenya, the country’s main bank and the national financial regulator has granted it a licence.

In relation to transactions made on the Nairobi Securities Exchange, CDSC offers automated clearing, delivery, and settlement facilities. On behalf of investors, they also hold non-listed and listed securities as well as other legal documents.

RELATEDPOSTS

Family Bank cultivates agribusiness growth with $5million loan boost

February 6, 2024
Family Bank CEO Rebecca Mbithi

Family Bank Records Ksh3.5B Profit

November 22, 2022

Stanbic, Real Estate Companies Sign MOU To Enhance Affordable Housing

HF and Credit Bank were recently appointed as CDAs as part of the CDSC’s push to expand its CDA network and digital platforms. As of earlier this year, the CDSC API and Chatbot services were also made available.

Family Bank will serve as a settlement bank for the Nairobi Securities Exchange, offering money settlement services to other Central Depository Agents as well as their CDA business unit. By utilising its current clientele to expand its network, the bank, as a CDA, will now be able to attract new customers and keep CDS accounts.

In a list that also includes other significant local banks, the lender’s appointment as a settlement bank takes the overall number to 11. Bank of Africa, ABSA Bank, Equatorial Commercial Bank, Equity Bank, I&M Bank, KCB Bank, NBK, NCBA Bank, Prime Bank, SBM Bank, Stanbic Bank, Standard Chartered Bank, and Transnational Bank are a few of the banks mentioned.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

KRA Extends Deadline For Tax Invoice Management System Compliance

Next Post

East African Portland Cement Resumes Manufacturing

Cynthia Mungai

Cynthia Mungai

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024